Kentucky Trust Co Acquires New Holdings in General Motors (NYSE:GM)

Kentucky Trust Co acquired a new stake in General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,800 shares of the auto manufacturer’s stock, valued at approximately $149,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GM. Golden State Wealth Management LLC purchased a new stake in General Motors during the fourth quarter worth about $25,000. Crews Bank & Trust purchased a new stake in General Motors during the fourth quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in General Motors during the fourth quarter worth about $28,000. Sugar Maple Asset Management LLC purchased a new stake in General Motors during the fourth quarter worth about $31,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in General Motors during the third quarter worth about $27,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Price Performance

GM stock opened at $47.71 on Thursday. The company has a market capitalization of $47.47 billion, a P/E ratio of 7.76, a PEG ratio of 0.68 and a beta of 1.40. General Motors has a twelve month low of $37.83 and a twelve month high of $61.24. The business has a 50 day simple moving average of $51.49 and a 200-day simple moving average of $49.98. 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 (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share 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, equities analysts anticipate that General Motors will post 11.28 EPS for the current year.

General Motors Dividend Announcement

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 issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, March 7th. General Motors’s payout ratio is currently 7.80%.

Insider Activity

In related news, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 sale, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. UBS Group boosted their price target on shares of General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Wells Fargo & Company upped their target price on shares of General Motors from $35.00 to $37.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Mizuho upped their target price on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. HSBC lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a research note on Wednesday, December 11th. Finally, StockNews.com lowered shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Three 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $61.28.

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.