Wealthcare Advisory Partners LLC Takes Position in General Motors (NYSE:GM)

Wealthcare Advisory Partners LLC acquired a new stake in General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 6,491 shares of the auto manufacturer’s stock, valued at approximately $346,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GM. Allworth Financial LP raised its position in General Motors by 2.3% during the third quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer’s stock worth $412,000 after acquiring an additional 205 shares in the last quarter. Avestar Capital LLC raised its holdings in shares of General Motors by 2.3% in the 3rd quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer’s stock valued at $430,000 after purchasing an additional 213 shares during the period. Continuum Advisory LLC lifted its stake in General Motors by 7.9% in the 3rd quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer’s stock valued at $131,000 after purchasing an additional 213 shares during the last quarter. Metis Global Partners LLC grew its holdings in General Motors by 0.6% during the third quarter. Metis Global Partners LLC now owns 36,240 shares of the auto manufacturer’s stock worth $1,625,000 after purchasing an additional 230 shares during the period. Finally, Centaurus Financial Inc. increased its position in General Motors by 2.1% during the second quarter. Centaurus Financial Inc. now owns 11,628 shares of the auto manufacturer’s stock worth $540,000 after buying an additional 238 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GM. The Goldman Sachs Group lifted their target price on General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and upped their price target for the company from $56.00 to $60.00 in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Hsbc Global Res lowered General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Finally, Sanford C. Bernstein boosted their price target on General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, General Motors has an average rating of “Hold” and an average target price of $60.05.

Insider Transactions at General Motors

In related news, President Mark L. Reuss sold 122,283 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the transaction, the president now owns 126,907 shares in the company, valued at $7,000,190.12. The trade was a 49.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at $510,865.13. This trade represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 514,344 shares of company stock valued at $28,977,691. Company insiders own 0.72% of the company’s stock.

General Motors Stock Up 5.9 %

Shares of NYSE GM opened at $53.97 on Wednesday. The stock has a market capitalization of $59.34 billion, a P/E ratio of 5.75, a PEG ratio of 0.37 and a beta of 1.42. The firm’s 50 day simple moving average is $53.46 and its two-hundred day simple moving average is $49.69. General Motors has a one year low of $34.56 and a one year high of $61.24. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.47. The business had revenue of $48.76 billion during the quarter, compared to analysts’ expectations of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.28 EPS. As a group, analysts expect that General Motors will post 10.34 EPS for the current fiscal year.

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.