53,376 Shares in General Motors (NYSE:GM) Acquired by Adams Wealth Management

Adams Wealth Management purchased a new position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 53,376 shares of the auto manufacturer's stock, valued at approximately $2,843,000.

Several other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of General Motors during the 4th quarter worth $25,000. Crews Bank & Trust purchased a new position in General Motors in the fourth quarter valued at about $26,000. Compass Planning Associates Inc purchased a new stake in shares of General Motors during the 4th quarter worth approximately $27,000. Duncker Streett & Co. Inc. grew its holdings in shares of General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after acquiring an additional 498 shares during the period. Finally, Whittier Trust Co. increased its stake in General Motors by 551.9% in the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after purchasing an additional 425 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GM has been the topic of a number of research analyst reports. Piper Sandler boosted their target price on General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Barclays cut General Motors from an "overweight" rating to a "negative" rating in a report on Tuesday, April 15th. Wells Fargo & Company reissued an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. Mizuho decreased their price objective on General Motors from $63.00 to $55.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. Finally, Sanford C. Bernstein downgraded shares of General Motors from a "market perform" rating to an "underperform" rating and cut their target price for the company from $50.00 to $35.00 in a research note on Monday, April 7th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $56.72.

General Motors Trading Up 0.7 %

Shares of General Motors stock traded up $0.33 during trading hours on Friday, hitting $44.55. The company's stock had a trading volume of 11,706,110 shares, compared to its average volume of 13,552,778. The business has a fifty day moving average of $47.10 and a 200 day moving average of $50.33. The company has a market capitalization of $44.32 billion, a PE ratio of 7.24, a P/E/G ratio of 0.67 and a beta of 1.27. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. 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 (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share 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%. As a group, equities analysts forecast that General Motors will post 11.44 EPS for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.08%. General Motors's dividend payout ratio (DPR) is 7.80%.

General Motors announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Activity at General Motors

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, for a total transaction 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 trade represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by corporate insiders.

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.