Holistic Planning LLC Buys 214 Shares of General Motors (NYSE:GM)

Holistic Planning LLC lifted its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 3.9% in the 4th quarter, HoldingsChannel reports. The firm owned 5,759 shares of the auto manufacturer’s stock after buying an additional 214 shares during the quarter. Holistic Planning LLC’s holdings in General Motors were worth $307,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of GM. Crews Bank & Trust bought a new stake in shares of General Motors during the fourth quarter valued at approximately $26,000. Catalyst Capital Advisors LLC purchased a new stake in shares of General Motors in the 3rd quarter worth about $27,000. Truvestments Capital LLC bought a new position in shares of General Motors in the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC bought a new position in shares of General Motors in the 4th quarter worth about $31,000. Finally, Eastern Bank purchased a new position in General Motors during the 3rd quarter valued at about $34,000. Institutional investors own 92.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on GM. 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. DZ Bank lowered General Motors from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a research report on Friday, October 11th. Wedbush boosted their target price on General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Barclays lifted their price target on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, General Motors presently has an average rating of “Hold” and a consensus price target of $61.28.

General Motors Stock Down 0.1 %

GM stock opened at $49.46 on Monday. The company has a market cap of $49.21 billion, a price-to-earnings ratio of 8.04, a P/E/G ratio of 0.69 and a beta of 1.40. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The business’s 50-day moving average is $52.64 and its two-hundred day moving average is $49.95. General Motors has a fifty-two week low of $37.60 and a fifty-two week high of $61.24.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 forecast that General Motors will post 11.41 earnings per share for the current year.

General Motors Announces Dividend

The business 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 is Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 0.97%. General Motors’s dividend payout ratio (DPR) is presently 7.80%.

Insider Buying and Selling at General Motors

In other news, President Mark L. Reuss sold 122,283 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the transaction, the president now owns 126,907 shares of the company’s stock, valued at $7,000,190.12. This represents a 49.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction that occurred on Monday, November 25th. The shares were 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 in the company, valued at $510,865.13. This trade represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 514,344 shares of company stock valued at $28,977,691. Company insiders own 0.72% of the company’s stock.

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.