GAMMA Investing LLC Increases Position in General Motors (NYSE:GM)

GAMMA Investing LLC raised its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 17.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,200 shares of the auto manufacturer’s stock after purchasing an additional 2,672 shares during the quarter. GAMMA Investing LLC’s holdings in General Motors were worth $970,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GM. Strategic Investment Solutions Inc. IL acquired a new position in shares of General Motors during the second quarter worth about $25,000. Catalyst Capital Advisors LLC acquired a new position in General Motors during the 3rd quarter worth approximately $27,000. Truvestments Capital LLC acquired a new stake in General Motors in the third quarter valued at $27,000. Wellington Shields Capital Management LLC purchased a new stake in shares of General Motors during the 2nd quarter worth $28,000. Finally, Eastern Bank acquired a new position in shares of General Motors during the 3rd quarter worth $34,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GM shares. JPMorgan Chase & Co. lifted their price target on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $53.00 price objective on shares of General Motors in a report on Tuesday, September 10th. The Goldman Sachs Group increased their price objective on shares of General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Sanford C. Bernstein lifted their target price on shares of General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Finally, UBS Group raised their price objective on shares of General Motors from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $58.70.

Insiders Place Their Bets

In other news, CEO Mary T. Barra sold 506,824 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the transaction, the chief executive officer now directly owns 694,548 shares of the company’s stock, valued at approximately $37,040,244.84. The trade was a 42.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction on Monday, November 25th. The stock was 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 in the company, valued at $510,865.13. This trade represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,030,475 shares of company stock worth $56,509,286 over the last quarter. 0.72% of the stock is owned by corporate insiders.

General Motors Price Performance

Shares of General Motors stock opened at $51.77 on Friday. The stock has a market capitalization of $56.93 billion, a P/E ratio of 5.52, a PEG ratio of 0.40 and a beta of 1.42. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The business’s fifty day moving average price is $53.95 and its 200 day moving average price is $49.29. General Motors has a twelve month low of $34.32 and a twelve month high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. The firm had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.28 EPS. As a group, research analysts anticipate that General Motors will post 10.35 earnings per share for the current year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Friday, December 6th. General Motors’s dividend payout ratio (DPR) is presently 5.12%.

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.