Whitaker Myers Wealth Managers LTD. Takes Position in General Motors (NYSE:GM)

Whitaker Myers Wealth Managers LTD. purchased a new position in General Motors (NYSE:GM - Free Report) TSE: GMM.U in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,493 shares of the auto manufacturer's stock, valued at approximately $293,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GM. HB Wealth Management LLC grew its holdings in shares of General Motors by 17.2% during the fourth quarter. HB Wealth Management LLC now owns 23,419 shares of the auto manufacturer's stock worth $1,248,000 after buying an additional 3,439 shares in the last quarter. Premier Path Wealth Partners LLC grew its holdings in shares of General Motors by 8.2% during the fourth quarter. Premier Path Wealth Partners LLC now owns 9,125 shares of the auto manufacturer's stock worth $486,000 after buying an additional 690 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of General Motors by 41.1% during the fourth quarter. Merit Financial Group LLC now owns 18,323 shares of the auto manufacturer's stock worth $976,000 after buying an additional 5,335 shares in the last quarter. Relyea Zuckerberg Hanson LLC purchased a new stake in shares of General Motors during the fourth quarter worth $201,000. Finally, Wealthcare Advisory Partners LLC purchased a new stake in shares of General Motors during the fourth quarter worth $346,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insiders Place Their Bets

In other General Motors news, CEO Mary T. Barra sold 506,824 shares of the business's stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the completion of the transaction, the chief executive officer now owns 694,548 shares in the company, valued at $37,040,244.84. The trade was a 42.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Rory Harvey sold 8,919 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the completion of the transaction, the executive vice president now owns 8,513 shares of the company's stock, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,030,475 shares of company stock worth $56,509,286 in the last 90 days. Corporate insiders own 0.72% of the company's stock.

General Motors Stock Down 1.8 %

Shares of GM stock traded down $0.94 during trading on Friday, reaching $50.90. The company's stock had a trading volume of 9,587,120 shares, compared to its average volume of 8,082,761. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. The company has a market capitalization of $55.97 billion, a price-to-earnings ratio of 5.43, a P/E/G ratio of 0.36 and a beta of 1.42. The stock's 50-day moving average price is $53.60 and its 200 day moving average price is $49.64. General Motors has a 1-year low of $34.32 and a 1-year high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, beating analysts' consensus estimates of $2.49 by $0.47. The firm had revenue of $48.76 billion during the quarter, compared to analysts' expectations of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.28 earnings per share. On average, research analysts anticipate that General Motors will post 10.34 EPS for the current year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.94%. The ex-dividend date was Friday, December 6th. General Motors's dividend payout ratio (DPR) is presently 5.12%.

Analyst Upgrades and Downgrades

GM has been the topic of several recent research reports. Wells Fargo & Company lowered their price target on shares of General Motors from $38.00 to $35.00 and set an "underweight" rating on the stock in a research report on Monday, December 16th. Barclays boosted their price target 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. The Goldman Sachs Group boosted their price target on shares of General Motors from $53.00 to $61.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st. Hsbc Global Res cut shares of General Motors from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Finally, UBS Group boosted their price target on shares of General Motors from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $59.68.

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.