Callan Family Office LLC Makes New $546,000 Investment in General Motors (NYSE:GM)

Callan Family Office LLC bought a new position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 10,252 shares of the auto manufacturer's stock, valued at approximately $546,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Golden State Wealth Management LLC purchased a new position in General Motors in the 4th quarter valued at approximately $25,000. Crews Bank & Trust purchased a new position in shares of General Motors during the 4th quarter worth approximately $26,000. Compass Planning Associates Inc purchased a new stake in General Motors in the 4th quarter valued at approximately $27,000. Duncker Streett & Co. Inc. grew its holdings in 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. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in General Motors during the fourth quarter worth $28,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Down 1.7 %

Shares of NYSE GM traded down $0.81 during trading on Thursday, reaching $47.09. 14,128,685 shares of the stock were exchanged, compared to its average volume of 12,281,352. The business's 50-day moving average price is $49.38 and its 200 day moving average price is $50.49. The company has a market capitalization of $46.85 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. General Motors has a twelve month low of $38.94 and a twelve month 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.

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General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share 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%. As a group, equities analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.02%. General Motors's dividend payout ratio (DPR) is presently 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 repurchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GM. Wells Fargo & Company reaffirmed an "underweight" rating on shares of General Motors in a research note on Monday, February 3rd. TD Cowen began coverage on shares of General Motors in a report on Friday, March 7th. They set a "buy" rating and a $105.00 price target for the company. Morgan Stanley raised shares of General Motors from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. StockNews.com downgraded General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, UBS Group reaffirmed a "buy" rating on shares of General Motors in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $62.89.

Insiders Place Their Bets

In related news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was bought at an average price 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 approximately $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.72% of the stock is owned by company insiders.

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.