3,806 Shares in General Motors (NYSE:GM) Acquired by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC acquired a new stake in General Motors (NYSE:GM) (TSE:GMM.U) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,806 shares of the auto manufacturer’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its stake in General Motors by 8.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,487 shares of the auto manufacturer’s stock valued at $254,000 after buying an additional 423 shares in the last quarter. AE Wealth Management LLC raised its position in shares of General Motors by 48.7% during the 2nd quarter. AE Wealth Management LLC now owns 10,298 shares of the auto manufacturer’s stock worth $478,000 after acquiring an additional 3,373 shares in the last quarter. ProShare Advisors LLC lifted its stake in General Motors by 4.4% during the second quarter. ProShare Advisors LLC now owns 195,744 shares of the auto manufacturer’s stock worth $9,094,000 after purchasing an additional 8,276 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new position in General Motors in the second quarter valued at approximately $220,000. Finally, 1832 Asset Management L.P. increased its stake in General Motors by 2.6% in the second quarter. 1832 Asset Management L.P. now owns 61,576 shares of the auto manufacturer’s stock valued at $2,861,000 after purchasing an additional 1,566 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other General Motors news, President Mark L. Reuss sold 122,283 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the sale, the president now directly owns 126,907 shares in the company, valued at approximately $7,000,190.12. The trade was a 49.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rory Harvey sold 8,919 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. This represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 514,344 shares of company stock worth $28,977,691. 0.72% of the stock is owned by company insiders.

General Motors Stock Down 2.1 %

General Motors stock opened at $52.77 on Thursday. The stock’s 50 day moving average price is $53.39 and its 200 day moving average price is $49.74. The company has a market cap of $58.03 billion, a PE ratio of 5.63, a price-to-earnings-growth ratio of 0.37 and a beta of 1.42. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. General Motors has a 1-year low of $34.56 and a 1-year high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.47. The business had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.28 EPS. On average, sell-side analysts predict that General Motors will post 10.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GM. Wells Fargo & Company lowered their target price on shares of General Motors from $38.00 to $35.00 and set an “underweight” rating for the company in a report on Monday, December 16th. Wedbush raised their price objective on General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. UBS Group boosted their target price on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. raised their price target on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, HSBC downgraded General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $60.05.

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.