Weaver Capital Management LLC Boosts Stake in General Motors (NYSE:GM)

Weaver Capital Management LLC increased its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 6.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 18,503 shares of the auto manufacturer’s stock after purchasing an additional 1,180 shares during the period. Weaver Capital Management LLC’s holdings in General Motors were worth $986,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Crews Bank & Trust purchased a new position in shares of General Motors during the 4th quarter worth approximately $26,000. Catalyst Capital Advisors LLC purchased a new position in General Motors in the 3rd quarter valued at approximately $27,000. Truvestments Capital LLC purchased a new position in General Motors in the 3rd quarter valued at approximately $27,000. Sugar Maple Asset Management LLC purchased a new position in General Motors in the 4th quarter valued at approximately $31,000. Finally, Eastern Bank purchased a new position in General Motors in the 3rd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

GM has been the subject of several recent research reports. Wedbush raised their price target on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. Royal Bank of Canada lifted their price objective on shares of General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, HSBC lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a research note on Wednesday, December 11th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $61.28.

General Motors Trading Up 1.5 %

Shares of General Motors stock opened at $48.64 on Wednesday. The firm has a market cap of $48.39 billion, a price-to-earnings ratio of 7.91, a price-to-earnings-growth ratio of 0.69 and a beta of 1.40. General Motors has a 52-week low of $37.60 and a 52-week high of $61.24. The company’s 50-day simple moving average is $52.39 and its 200-day simple moving average is $49.94. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 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, equities research analysts anticipate that General Motors will post 11.41 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders 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 0.99%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio (DPR) is presently 7.80%.

Insider Buying and Selling 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 dated Thursday, January 30th. The shares were acquired at an average price of $50.66 per share, with a total value of $607,920.00. Following the purchase, the director now owns 13,714 shares in the company, valued at approximately $694,751.24. The trade was a 700.12 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Craig B. Glidden sold 383,142 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the transaction, the executive vice president now directly owns 122,465 shares in the company, valued at approximately $6,935,192.95. This represents a 75.78 % decrease in their position. The disclosure for this sale can be found here. 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.