Mpwm Advisory Solutions LLC Makes New $145,000 Investment in General Motors (NYSE:GM)

Mpwm Advisory Solutions LLC acquired a new stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,717 shares of the auto manufacturer’s stock, valued at approximately $145,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of General Motors during the fourth quarter valued at approximately $25,000. Crews Bank & Trust bought a new stake in General Motors during the 4th quarter valued at $26,000. Compass Planning Associates Inc bought a new stake in General Motors during the 4th quarter valued at $27,000. Duncker Streett & Co. Inc. boosted its position in General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 498 shares during the period. Finally, Whittier Trust Co. grew its stake in shares of General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 425 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of GM stock opened at $49.97 on Tuesday. The company has a market capitalization of $48.04 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 0.67 and a beta of 1.36. General Motors has a 1-year low of $38.96 and a 1-year 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. The stock’s fifty day simple moving average is $46.89 and its 200-day simple moving average is $50.00.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.15. The company had revenue of $44.02 billion for the quarter, compared to analysts’ expectations of $42.64 billion. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.62 EPS. On average, sell-side analysts predict that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors declared that its board has approved a stock repurchase plan on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

General Motors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be given a $0.15 dividend. This is an increase from General Motors’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. General Motors’s dividend payout ratio is presently 8.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of General Motors from $73.00 to $63.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Citigroup began coverage on shares of General Motors in a research note on Wednesday, April 23rd. They issued a “buy” rating and a $62.00 price target for the company. BNP Paribas upgraded shares of General Motors to a “strong-buy” rating in a research note on Monday, May 5th. Piper Sandler boosted their target price on General Motors from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, March 20th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating on shares of General Motors in a research note on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, General Motors currently has a consensus rating of “Hold” and an average price target of $54.56.

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.