Whittier Trust Co. Purchases 425 Shares of General Motors (NYSE:GM)

Whittier Trust Co. raised its position in General Motors (NYSE:GM) (TSE:GMM.U) by 551.9% during the 4th quarter, HoldingsChannel reports. The fund owned 502 shares of the auto manufacturer’s stock after buying an additional 425 shares during the quarter. Whittier Trust Co.’s holdings in General Motors were worth $27,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in shares of General Motors in the 4th quarter valued at about $25,000. Crews Bank & Trust acquired a new position in General Motors during the fourth quarter valued at approximately $26,000. Compass Planning Associates Inc bought a new position in General Motors in the fourth quarter valued at approximately $27,000. Duncker Streett & Co. Inc. increased its position in shares of General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 498 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of General Motors during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Trading Up 3.3 %

Shares of GM opened at $51.47 on Tuesday. 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 cap of $51.21 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 0.67 and a beta of 1.42. The business’s fifty day moving average is $49.05 and its 200-day moving average is $50.51.

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

General Motors declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 26th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to buy up to 12.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Friday, March 7th. General Motors’s dividend payout ratio is 7.80%.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was purchased at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, the director now owns 13,714 shares of the company’s stock, valued at $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GM has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and boosted their target price for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. The Goldman Sachs Group set a $73.00 target price on shares of General Motors in a report on Saturday, March 1st. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. Cowen began coverage on General Motors in a research report on Thursday, March 6th. They issued a “buy” rating for the company. Finally, HSBC lowered General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $63.06.

General Motors Company 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.