Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Invests $394,000 in General Motors (NYSE:GM)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,389 shares of the auto manufacturer's stock, valued at approximately $394,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GM. Golden State Wealth Management LLC bought a new position in General Motors during the 4th quarter worth approximately $25,000. Crews Bank & Trust bought a new stake in shares of General Motors during the 4th quarter valued at about $26,000. Catalyst Capital Advisors LLC purchased a new position in shares of General Motors in the 3rd quarter valued at approximately $27,000. Truvestments Capital LLC bought a new stake in shares of General Motors during the third quarter valued at approximately $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in General Motors during the fourth quarter valued at $28,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GM shares. HSBC lowered shares of General Motors from a "buy" rating to a "hold" rating and set a $58.00 price target for the company. in a research note on Wednesday, December 11th. UBS Group upped their price target on General Motors from $62.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. StockNews.com cut General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. increased their target price on General Motors from $64.00 to $70.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Finally, Wedbush upped their price target on shares of General Motors from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $61.28.

Insider Activity

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of General Motors stock in a transaction dated Thursday, January 30th. The shares were purchased at an average cost 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 of the company's stock, valued at $694,751.24. This trade represents a 700.12 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the completion of the sale, the executive vice president now owns 122,465 shares in the company, valued at $6,935,192.95. This represents a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.72% of the company's stock.

General Motors Stock Performance

GM stock traded up $0.12 during midday trading on Tuesday, reaching $46.69. 7,051,542 shares of the company's stock traded hands, compared to its average volume of 11,423,496. 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 52-week low of $37.83 and a 52-week high of $61.24. The stock has a market cap of $46.46 billion, a P/E ratio of 7.59, a PEG ratio of 0.68 and a beta of 1.40. The stock's 50-day moving average is $51.63 and its 200 day moving average is $49.96.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued 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 return on equity of 15.29% and a net margin of 3.21%. As a group, analysts anticipate that General Motors will post 11.28 EPS for the current year.

General Motors Announces Dividend

The company 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 dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.03%. General Motors's payout ratio is 7.80%.

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.