General Motors (NYSE:GM) Shares Purchased by Portfolio Design Labs LLC

Portfolio Design Labs LLC lifted its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 29.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,567 shares of the auto manufacturer's stock after purchasing an additional 11,227 shares during the quarter. Portfolio Design Labs LLC's holdings in General Motors were worth $2,640,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in General Motors during the fourth quarter worth $25,000. Crews Bank & Trust bought a new stake in shares of General Motors in the 4th quarter worth about $26,000. Catalyst Capital Advisors LLC purchased a new position in shares of General Motors during the 3rd quarter worth about $27,000. Truvestments Capital LLC bought a new position in General Motors during the 3rd quarter valued at about $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in General Motors in the 4th quarter worth about $28,000. Institutional investors own 92.67% of the company's stock.

General Motors Stock Up 2.2 %

Shares of NYSE:GM traded up $1.01 on Wednesday, reaching $47.71. The company had a trading volume of 10,570,021 shares, compared to its average volume of 11,393,088. The firm has a market capitalization of $47.47 billion, a PE ratio of 7.76, a PEG ratio of 0.68 and a beta of 1.40. 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 firm's 50 day simple moving average is $51.49 and its 200-day simple moving average is $49.98.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 expect that General Motors will post 11.28 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 dividend on an annualized basis and a yield of 1.01%. General Motors's payout ratio is 7.80%.

Insider Buying and Selling at General Motors

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were purchased at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the acquisition, the director now directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of General Motors stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the sale, the executive vice president now owns 122,465 shares of the company's stock, valued at $6,935,192.95. This trade represents a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GM shares. StockNews.com lowered General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Morgan Stanley upgraded General Motors from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $46.00 to $54.00 in a report on Tuesday, December 10th. Barclays upped their price objective on General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Wedbush lifted their target price on General Motors from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a "hold" rating to a "buy" rating and upped their price target for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. 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 issued a strong buy rating to the company's stock. According to MarketBeat, General Motors presently has a consensus rating of "Hold" and an average price target of $61.28.

General Motors Company 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.