Nwam LLC Sells 1,078 Shares of General Motors (NYSE:GM)

Nwam LLC lowered its position in General Motors (NYSE:GM) (TSE:GMM.U) by 19.6% in the 4th quarter, Holdings Channel reports. The firm owned 4,436 shares of the auto manufacturer’s stock after selling 1,078 shares during the quarter. Nwam LLC’s holdings in General Motors were worth $236,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GM. Golden State Wealth Management LLC bought a new position in shares of General Motors in the fourth quarter worth about $25,000. Crews Bank & Trust purchased a new stake in General Motors in the 4th quarter valued at about $26,000. Catalyst Capital Advisors LLC bought a new position in General Motors in the 3rd quarter worth about $27,000. Truvestments Capital LLC purchased a new position in shares of General Motors during the third quarter worth approximately $27,000. Finally, Compass Planning Associates Inc bought a new stake in shares of General Motors during the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Trading Up 3.3 %

Shares of NYSE:GM opened at $49.22 on Friday. The business’s 50-day moving average is $50.34 and its 200 day moving average is $50.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a 1 year low of $38.94 and a 1 year high of $61.24. The firm has a market capitalization of $48.97 billion, a P/E ratio of 8.00, a P/E/G ratio of 0.67 and a beta of 1.40.

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

General Motors announced that its board has authorized a share buyback program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Friday, March 7th. General Motors’s payout ratio is 7.80%.

Insider Buying and Selling

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of General Motors stock in a transaction on Thursday, January 30th. The stock was bought at an average cost of $50.66 per share, with a total value of $607,920.00. Following the transaction, the director now owns 13,714 shares of the company’s stock, valued at $694,751.24. This represents a 700.12 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GM has been the topic of several research analyst reports. Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Mizuho increased their price target on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Wells Fargo & Company restated an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $46.00 to $54.00 in a research report on Tuesday, December 10th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $59.71.

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.