Kiker Wealth Management LLC Makes New Investment in General Motors (NYSE:GM)

Kiker Wealth Management LLC acquired a new position in General Motors (NYSE:GM) (TSE:GMM.U) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 31,993 shares of the auto manufacturer’s stock, valued at approximately $1,704,000. General Motors makes up 1.4% of Kiker Wealth Management LLC’s holdings, making the stock its 19th biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of GM. Thrivent Financial for Lutherans increased its position in shares of General Motors by 1.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 52,193 shares of the auto manufacturer’s stock worth $2,340,000 after purchasing an additional 539 shares during the last quarter. Caprock Group LLC increased its position in shares of General Motors by 15.3% in the 3rd quarter. Caprock Group LLC now owns 29,402 shares of the auto manufacturer’s stock worth $1,318,000 after purchasing an additional 3,899 shares during the last quarter. Prospera Financial Services Inc increased its position in shares of General Motors by 25.7% in the 3rd quarter. Prospera Financial Services Inc now owns 24,891 shares of the auto manufacturer’s stock worth $1,116,000 after purchasing an additional 5,089 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of General Motors in the 3rd quarter worth about $2,730,000. Finally, Commerce Bank grew its position in shares of General Motors by 7.7% during the 3rd quarter. Commerce Bank now owns 41,143 shares of the auto manufacturer’s stock valued at $1,845,000 after buying an additional 2,954 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

Insider Activity at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.72% of the company’s stock.

General Motors Trading Down 0.7 %

Shares of NYSE:GM opened at $49.46 on Friday. The company has a 50 day moving average of $49.02 and a 200-day moving average of $50.46. The firm has a market cap of $49.21 billion, a P/E ratio of 8.04, a P/E/G ratio of 0.67 and a beta of 1.42. General Motors has a twelve month low of $38.96 and a twelve month high of $61.24. 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 released its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating 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%. As a group, analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors announced that its board has initiated a share buyback plan on Wednesday, February 26th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.97%. The ex-dividend date was Friday, March 7th. General Motors’s dividend payout ratio is presently 7.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GM shares. HSBC downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a research report on Wednesday, December 11th. Mizuho boosted their price objective on shares of General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Wells Fargo & Company reaffirmed an “underweight” rating on shares of General Motors in a research report on Monday, February 3rd. Cowen started coverage on shares of General Motors in a research report on Thursday, March 6th. They set a “buy” rating for the company. Finally, The Goldman Sachs Group set a $73.00 price objective on shares of General Motors in a research report on Saturday, March 1st. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $63.06.

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.