HMV Wealth Advisors LLC Takes $206,000 Position in General Motors (NYSE:GM)

HMV Wealth Advisors LLC bought a new stake in General Motors (NYSE:GM) (TSE:GMM.U) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,866 shares of the auto manufacturer’s stock, valued at approximately $206,000.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of General Motors in the fourth quarter valued at $25,000. Crews Bank & Trust purchased a new stake in shares of General Motors in the fourth quarter valued at $26,000. Compass Planning Associates Inc purchased a new stake in shares of General Motors in the fourth quarter valued at $27,000. Duncker Streett & Co. Inc. lifted its holdings in shares of General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 498 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of General Motors during the fourth quarter worth $28,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insiders Place Their Bets

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was bought at an average price of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now directly owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group reiterated a “buy” rating on shares of General Motors in a report on Monday, February 3rd. The Goldman Sachs Group set a $73.00 price objective on General Motors in a report on Saturday, March 1st. HSBC lowered General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and increased their price objective for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. Finally, TD Cowen started coverage on General Motors in a report on Friday, March 7th. They set a “buy” rating and a $105.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.89.

General Motors Price Performance

GM opened at $48.34 on Friday. The company has a fifty day moving average price of $49.23 and a two-hundred day moving average price of $50.46. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24. The firm has a market capitalization of $48.10 billion, a PE ratio of 7.86, a P/E/G ratio of 0.67 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. As a group, analysts anticipate that General Motors will post 11.44 earnings per share for the current year.

General Motors declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio is presently 7.80%.

General Motors Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.