Atlas Capital Advisors Inc. Purchases 14,461 Shares of General Motors (NYSE:GM)

Atlas Capital Advisors Inc. grew its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 119.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,535 shares of the auto manufacturer's stock after purchasing an additional 14,461 shares during the period. Atlas Capital Advisors Inc.'s holdings in General Motors were worth $1,414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in GM. Blue Trust Inc. lifted its stake in shares of General Motors by 19.7% in the fourth quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock valued at $488,000 after buying an additional 1,510 shares in the last quarter. SYM FINANCIAL Corp acquired a new position in General Motors during the 4th quarter valued at about $474,000. Asset Management One Co. Ltd. increased its holdings in General Motors by 9.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer's stock worth $25,178,000 after purchasing an additional 39,474 shares in the last quarter. Avantra Family Wealth Inc. purchased a new stake in shares of General Motors in the fourth quarter worth approximately $1,044,000. Finally, Handelsbanken Fonder AB lifted its holdings in shares of General Motors by 10.9% in the fourth quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer's stock valued at $10,763,000 after purchasing an additional 19,924 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several brokerages have recently commented on GM. Wells Fargo & Company reiterated an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. Cowen initiated coverage on shares of General Motors in a research report on Thursday, March 6th. They set a "buy" rating on the stock. HSBC lowered General Motors from a "buy" rating to a "hold" rating and set a $58.00 target price for the company. in a report on Wednesday, December 11th. Mizuho boosted their price objective on General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Finally, StockNews.com lowered General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, General Motors has an average rating of "Hold" and an average price target of $61.00.

Insider Activity

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the business's stock in a transaction on Thursday, January 30th. The stock was acquired at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This represents a 700.12 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.72% of the company's stock.

General Motors Price Performance

NYSE:GM traded down $1.08 during trading hours on Tuesday, hitting $42.45. 11,002,550 shares of the company's stock traded hands, compared to its average volume of 13,454,930. The firm has a market cap of $42.24 billion, a P/E ratio of 6.88, a P/E/G ratio of 0.67 and a beta of 1.27. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The business's fifty day simple moving average is $47.99 and its two-hundred day simple moving average is $50.55. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping 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%. On average, research analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Friday, March 7th. General Motors's payout ratio is currently 7.80%.

General Motors declared that its Board of Directors has approved a share buyback program on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

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.