LM Advisors LLC Takes $228,000 Position in General Motors (NYSE:GM)

LM Advisors LLC bought a new position in General Motors (NYSE:GM) (TSE:GMM.U) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,286 shares of the auto manufacturer’s stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GM. Golden State Wealth Management LLC acquired a new stake in General Motors during the 4th quarter valued at approximately $25,000. Crews Bank & Trust acquired a new position in General Motors during the fourth quarter valued at $26,000. Truvestments Capital LLC purchased a new stake in General Motors in the third quarter valued at $27,000. Compass Planning Associates Inc acquired a new stake in General Motors during the 4th quarter worth about $27,000. Finally, Duncker Streett & Co. Inc. raised its stake 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 valued at $27,000 after buying an additional 498 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on GM shares. Cowen started coverage on General Motors in a report on Thursday, March 6th. They set a “buy” rating on the stock. Hsbc Global Res lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and increased their price target for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. Mizuho lifted their price objective on shares of General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Wells Fargo & Company reissued an “underweight” rating on shares of General Motors in a research note on Monday, February 3rd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.11.

Insiders Place Their Bets

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were purchased at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is owned by insiders.

General Motors Price Performance

NYSE:GM opened at $47.24 on Friday. The company has a market capitalization of $47.00 billion, a P/E ratio of 7.68, a P/E/G ratio of 0.67 and a beta of 1.42. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24. The stock’s fifty day moving average is $48.97 and its two-hundred day moving average is $50.53.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating 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%. Equities analysts expect that General Motors will post 11.44 EPS for the current year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Friday, March 7th. General Motors’s payout ratio is 7.80%.

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

About General Motors

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.