Harvest Fund Management Co. Ltd Has $243,000 Position in General Motors (NYSE:GM)

Harvest Fund Management Co. Ltd boosted its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 4,322.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,766 shares of the auto manufacturer’s stock after acquiring an additional 6,613 shares during the period. Harvest Fund Management Co. Ltd’s holdings in General Motors were worth $243,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in GM. SouthState Corp boosted its stake in General Motors by 173.8% during the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 485 shares during the last quarter. Highlander Capital Management LLC acquired a new stake in General Motors in the fourth quarter worth $27,000. BluePath Capital Management LLC bought a new position in shares of General Motors during the third quarter worth $33,000. Tennessee Valley Asset Management Partners acquired a new position in shares of General Motors in the 4th quarter valued at $36,000. Finally, Venturi Wealth Management LLC raised its stake in General Motors by 74.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,229 shares of the auto manufacturer’s stock worth $44,000 after buying an additional 525 shares during the period. Institutional investors own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group raised their price target on General Motors from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Piper Sandler raised their target price on shares of General Motors from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday. Mizuho upped their price target on shares of General Motors from $48.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group boosted their price objective on shares of General Motors from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley increased their target price on General Motors from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and an average target price of $54.38.

Insider Buying and Selling at General Motors

In related news, CAO Christopher Hatto sold 15,510 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.02, for a total transaction of $620,710.20. Following the completion of the sale, the chief accounting officer now owns 21,507 shares of the company’s stock, valued at $860,710.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Gerald Johnson sold 15,190 shares of General Motors stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.03, for a total value of $608,055.70. Following the transaction, the executive vice president now owns 98,628 shares in the company, valued at approximately $3,948,078.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Christopher Hatto sold 15,510 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $40.02, for a total transaction of $620,710.20. Following the completion of the transaction, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at approximately $860,710.14. The disclosure for this sale can be found here. Insiders sold 86,248 shares of company stock valued at $3,614,078 in the last three months. Corporate insiders own 0.54% of the company’s stock.

General Motors Stock Down 0.2 %

GM opened at $45.00 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.16. The stock has a fifty day moving average of $42.00 and a 200-day moving average of $36.12. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $46.04. The company has a market capitalization of $51.95 billion, a P/E ratio of 5.51, a P/E/G ratio of 0.53 and a beta of 1.51.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The firm had revenue of $43.01 billion during the quarter, compared to the consensus estimate of $41.09 billion. During the same quarter in the previous year, the firm posted $2.21 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts expect that General Motors will post 9.26 EPS for the current year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.07%. General Motors’s dividend payout ratio (DPR) is presently 5.87%.

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.