Barry Investment Advisors LLC Invests $220,000 in General Motors (NYSE:GM)

Barry Investment Advisors LLC purchased a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,123 shares of the auto manufacturer’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Perigon Wealth Management LLC lifted its holdings in shares of General Motors by 2.8% during the 4th quarter. Perigon Wealth Management LLC now owns 19,443 shares of the auto manufacturer’s stock worth $1,008,000 after acquiring an additional 532 shares during the period. Nilsine Partners LLC increased its position in General Motors by 1.9% during the 4th quarter. Nilsine Partners LLC now owns 24,485 shares of the auto manufacturer’s stock worth $1,304,000 after purchasing an additional 466 shares in the last quarter. Pacer Advisors Inc. increased its position in General Motors by 116.8% during the 4th quarter. Pacer Advisors Inc. now owns 180,671 shares of the auto manufacturer’s stock worth $9,624,000 after purchasing an additional 97,341 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in General Motors during the 4th quarter worth approximately $505,000. Finally, Blue Trust Inc. increased its position in General Motors by 19.7% during the 4th quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer’s stock worth $488,000 after purchasing an additional 1,510 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on GM. Barclays upped their price objective on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Wedbush upped their price target on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein upped their price target on shares of General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. DZ Bank cut shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 price target for the company. in a research report on Friday, October 11th. Finally, UBS Group upped their price target on shares of General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $61.17.

General Motors Stock Down 8.8 %

Shares of NYSE GM opened at $50.07 on Wednesday. The firm has a market cap of $55.06 billion, a PE ratio of 5.34, a P/E/G ratio of 0.38 and a beta of 1.42. General Motors has a 12-month low of $34.93 and a 12-month high of $61.24. The company’s fifty day simple moving average is $53.14 and its 200 day simple moving average is $49.95. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 6.06% and a return on equity of 16.30%. As a group, sell-side analysts forecast that General Motors will post 10.34 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.96%. General Motors’s dividend payout ratio (DPR) is presently 5.12%.

Insider Buying and Selling

In other news, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction dated 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 in the company, valued at $510,865.13. This trade represents a 51.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of General Motors stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the transaction, the executive vice president now owns 122,465 shares of the company’s stock, valued at $6,935,192.95. The trade was a 75.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 514,344 shares of company stock worth $28,977,691. Insiders own 0.72% of the company’s stock.

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.