VSM Wealth Advisory LLC Takes $44,000 Position in General Motors (NYSE:GM)

VSM Wealth Advisory LLC bought a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 835 shares of the auto manufacturer’s stock, valued at approximately $44,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of General Motors by 4.3% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 72,743 shares of the auto manufacturer’s stock worth $3,880,000 after acquiring an additional 3,016 shares during the period. Xponance Inc. raised its stake in General Motors by 26.2% during the fourth quarter. Xponance Inc. now owns 201,482 shares of the auto manufacturer’s stock worth $10,733,000 after purchasing an additional 41,799 shares during the period. Intech Investment Management LLC raised its stake in General Motors by 12.0% during the fourth quarter. Intech Investment Management LLC now owns 984,426 shares of the auto manufacturer’s stock worth $52,440,000 after purchasing an additional 105,761 shares during the period. Generali Asset Management SPA SGR purchased a new stake in shares of General Motors during the 4th quarter valued at $8,126,000. Finally, Evoke Wealth LLC increased its holdings in shares of General Motors by 2.9% during the 4th quarter. Evoke Wealth LLC now owns 9,425 shares of the auto manufacturer’s stock worth $502,000 after buying an additional 266 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GM has been the topic of a number of research analyst reports. HSBC cut General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a report on Wednesday, December 11th. Wells Fargo & Company reiterated an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. Hsbc Global Res lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. UBS Group reiterated a “buy” rating on shares of General Motors in a research note on Monday, February 3rd. Finally, Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $62.89.

General Motors Stock Performance

General Motors stock opened at $49.84 on Thursday. The company has a market cap of $49.59 billion, a PE ratio of 8.10, a P/E/G ratio of 0.67 and a beta of 1.42. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24. The company has a fifty day moving average price of $49.05 and a two-hundred day moving average price of $50.47. 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 (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Research analysts expect that General Motors will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 0.96%. The ex-dividend date is Friday, March 7th. General Motors’s dividend payout ratio (DPR) is 7.80%.

General Motors announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the transaction, the director now directly owns 13,714 shares in the company, valued at $694,751.24. This trade represents a 700.12 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.72% of the company’s stock.

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.