925 Shares in General Motors (NYSE:GM) Bought by Sachetta LLC

Sachetta LLC acquired a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 925 shares of the auto manufacturer’s stock, valued at approximately $33,000.

Other large investors also recently modified their holdings of the company. SouthState Corp raised its holdings in shares of General Motors by 173.8% in the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 485 shares during the period. Highlander Capital Management LLC bought a new position in General Motors in the 4th quarter valued at about $27,000. Bfsg LLC bought a new position in General Motors in the 4th quarter valued at about $35,000. Tennessee Valley Asset Management Partners bought a new position in General Motors in the 4th quarter valued at about $36,000. Finally, Venturi Wealth Management LLC raised its holdings in General Motors by 74.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,229 shares of the auto manufacturer’s stock valued at $44,000 after acquiring an additional 525 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on GM shares. Mizuho increased 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, April 24th. TheStreet raised shares of General Motors from a “c+” rating to a “b-” rating in a report on Tuesday, March 19th. UBS Group raised their target price on shares of General Motors from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada raised their target price on shares of General Motors from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Finally, Barclays raised their target price on shares of General Motors from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, General Motors presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.65.

Insider Buying and Selling

In other General Motors news, CAO Christopher Hatto sold 15,510 shares of General Motors stock in a transaction on Monday, February 26th. The shares were sold at an average price of $40.02, for a total value of $620,710.20. Following the completion of the sale, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at $860,710.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other General Motors news, EVP Rory Harvey sold 5,100 shares of General Motors 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 completion of the sale, 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 SEC, which is available at the SEC website. Also, CAO Christopher Hatto sold 15,510 shares of General Motors 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 transaction, the chief accounting officer now owns 21,507 shares of the company’s stock, valued at $860,710.14. The disclosure for this sale can be found here. Insiders sold 72,422 shares of company stock valued at $3,085,372 over the last quarter. Insiders own 0.72% of the company’s stock.

General Motors Price Performance

GM stock opened at $43.96 on Thursday. General Motors has a 52-week low of $26.30 and a 52-week high of $46.17. The company has a fifty day moving average price of $44.14 and a 200-day moving average price of $38.33. The company has a market capitalization of $50.16 billion, a P/E ratio of 5.37, a PEG ratio of 0.52 and a beta of 1.49. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 1.16.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping 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 business had revenue of $43.01 billion during the quarter, compared to the consensus estimate of $41.09 billion. During the same quarter last year, the firm earned $2.21 earnings per share. General Motors’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts expect that General Motors will post 9.4 EPS for the current year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Friday, June 7th. General Motors’s dividend payout ratio is presently 5.87%.

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.