Kiker Wealth Management LLC Buys Shares of 31,993 General Motors (NYSE:GM)

Kiker Wealth Management LLC acquired a new stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,993 shares of the auto manufacturer's stock, valued at approximately $1,704,000. General Motors makes up 1.4% of Kiker Wealth Management LLC's portfolio, making the stock its 19th biggest position.

A number of other large investors have also made changes to their positions in GM. Golden State Wealth Management LLC purchased a new stake in General Motors in the 4th quarter valued at about $25,000. Crews Bank & Trust purchased a new stake in General Motors in the fourth quarter valued at approximately $26,000. Compass Planning Associates Inc acquired a new position in General Motors during the fourth quarter worth approximately $27,000. Whittier Trust Co. raised its stake in General Motors by 551.9% during the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 425 shares during the period. Finally, Duncker Streett & Co. Inc. boosted 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 valued at $27,000 after purchasing an additional 498 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Transactions at General Motors

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of General Motors 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 completion of the acquisition, the director now owns 13,714 shares in the company, valued at $694,751.24. The trade was a 700.12 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.72% of the company's stock.

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General Motors Stock Performance

GM traded up $1.16 during trading hours on Tuesday, hitting $52.62. 14,834,275 shares of the stock were exchanged, compared to its average volume of 12,886,448. The stock has a market cap of $52.36 billion, a price-to-earnings ratio of 8.56, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The stock has a 50-day simple moving average of $49.05 and a 200-day simple moving average of $50.51. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24.

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

General Motors declared that its board has initiated a share repurchase plan on Wednesday, February 26th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, March 7th. General Motors's dividend payout ratio (DPR) is presently 7.80%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GM. Wells Fargo & Company reissued an "underweight" rating on shares of General Motors in a research note on Monday, February 3rd. Hsbc Global Res downgraded General Motors from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 11th. StockNews.com downgraded General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a "hold" rating to a "buy" rating and boosted their target price for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. Finally, 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. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $63.06.

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.