HB Wealth Management LLC Sells 7,102 Shares of General Motors (NYSE:GM)

HB Wealth Management LLC lessened its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 37.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,855 shares of the auto manufacturer’s stock after selling 7,102 shares during the quarter. HB Wealth Management LLC’s holdings in General Motors were worth $426,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blair William & Co. IL raised its stake in General Motors by 10.6% in the 1st quarter. Blair William & Co. IL now owns 157,520 shares of the auto manufacturer’s stock worth $6,890,000 after purchasing an additional 15,117 shares in the last quarter. Aviva PLC raised its position in shares of General Motors by 32.7% in the first quarter. Aviva PLC now owns 278,485 shares of the auto manufacturer’s stock valued at $12,181,000 after buying an additional 68,683 shares in the last quarter. Moors & Cabot Inc. boosted its stake in shares of General Motors by 12.8% in the first quarter. Moors & Cabot Inc. now owns 10,767 shares of the auto manufacturer’s stock valued at $471,000 after buying an additional 1,225 shares during the period. Brighton Jones LLC grew its position in General Motors by 13.9% during the first quarter. Brighton Jones LLC now owns 4,768 shares of the auto manufacturer’s stock worth $208,000 after buying an additional 581 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its stake in General Motors by 5.3% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 103,800 shares of the auto manufacturer’s stock worth $4,540,000 after acquiring an additional 5,184 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Trading Up 1.4 %

Shares of GM stock opened at $44.61 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. General Motors has a 1-year low of $26.30 and a 1-year high of $44.81. The stock has a 50-day moving average of $39.08 and a 200-day moving average of $34.46. The stock has a market cap of $51.49 billion, a price-to-earnings ratio of 6.10, a PEG ratio of 0.54 and a beta of 1.50.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.08. The business had revenue of $42.98 billion for the quarter, compared to analyst estimates of $38.81 billion. General Motors had a net margin of 5.89% and a return on equity of 14.34%. General Motors’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.12 earnings per share. On average, equities research analysts forecast that General Motors will post 9 earnings per share for the current year.

General Motors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Friday, March 1st were paid a $0.12 dividend. The ex-dividend date was Thursday, February 29th. This is a positive change from General Motors’s previous quarterly dividend of $0.09. This represents a $0.48 annualized dividend and a yield of 1.08%. General Motors’s payout ratio is 6.57%.

Insiders Place Their Bets

In related news, EVP Rory Harvey sold 5,100 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $43.04, for a total value of $219,504.00. Following the completion of the sale, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at approximately $544,800.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other General Motors news, EVP Rory Harvey sold 5,100 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $43.04, for a total value of $219,504.00. Following the transaction, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at $544,800.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the transaction, the executive vice president now owns 87,567 shares of the company’s stock, valued at approximately $3,348,562.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,626 shares of company stock worth $2,229,036. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GM shares. Barclays increased their target price on General Motors from $37.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Citigroup raised their target price on shares of General Motors from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, December 4th. Wolfe Research raised shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Thursday, January 4th. Mizuho boosted their price objective on shares of General Motors from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Monday. Finally, The Goldman Sachs Group raised their target price on General Motors from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $50.63.

General Motors 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.