Empowered Funds LLC Has $15.97 Million Stock Position in General Motors (NYSE:GM)

Empowered Funds LLC raised its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 1,043.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 299,814 shares of the auto manufacturer's stock after purchasing an additional 273,601 shares during the period. Empowered Funds LLC's holdings in General Motors were worth $15,971,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GM. Apollon Wealth Management LLC grew its position in shares of General Motors by 14.4% in the 4th quarter. Apollon Wealth Management LLC now owns 19,509 shares of the auto manufacturer's stock worth $1,039,000 after acquiring an additional 2,449 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of General Motors in the 4th quarter valued at about $25,000. Tobam bought a new stake in shares of General Motors during the 4th quarter valued at about $56,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in General Motors by 0.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,395 shares of the auto manufacturer's stock worth $7,798,000 after acquiring an additional 1,336 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in General Motors in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Transactions at General Motors

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The shares were acquired at an average price of $50.66 per share, with a total value of $607,920.00. Following the purchase, the director now directly owns 13,714 shares in the company, valued at $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Rory Harvey sold 8,919 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares of the company's stock, valued at $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GM shares. Barclays upped their price objective on General Motors from $64.00 to $70.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price objective on shares of General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. StockNews.com cut shares of General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. UBS Group boosted their price objective on General Motors from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Finally, Wedbush lifted their target price on General Motors from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $61.28.

General Motors Stock Up 0.3 %

NYSE GM traded up $0.12 during trading on Tuesday, hitting $46.69. 7,050,038 shares of the company traded hands, compared to its average volume of 11,422,721. The business has a fifty day simple moving average of $51.63 and a 200 day simple moving average of $49.96. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. General Motors has a 12 month low of $37.83 and a 12 month high of $61.24. The company has a market capitalization of $46.46 billion, a P/E ratio of 7.59, a PEG ratio of 0.68 and a beta of 1.40.

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 (EPS) for the quarter, topping 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, sell-side analysts predict that General Motors will post 11.28 EPS for the current year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a $0.12 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.03%. General Motors's dividend payout ratio is 7.80%.

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.