Barry Investment Advisors LLC Acquires Shares of 4,123 General Motors (NYSE:GM)

Barry Investment Advisors LLC acquired a new stake in General Motors (NYSE:GM) (TSE:GMM.U) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,123 shares of the auto manufacturer’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GM. Creative Planning boosted its stake in General Motors by 36.2% in the second quarter. Creative Planning now owns 190,247 shares of the auto manufacturer’s stock valued at $8,839,000 after acquiring an additional 50,543 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of General Motors by 51.3% during the second quarter. NewEdge Advisors LLC now owns 32,915 shares of the auto manufacturer’s stock worth $1,529,000 after purchasing an additional 11,164 shares in the last quarter. Granite Bay Wealth Management LLC bought a new position in shares of General Motors during the second quarter worth $1,407,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of General Motors by 469.6% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 570,775 shares of the auto manufacturer’s stock worth $26,517,000 after purchasing an additional 470,568 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of General Motors during the second quarter worth $25,000. 92.67% of the stock is owned by institutional investors.

Insider Activity at General Motors

In other General Motors news, President Mark L. Reuss sold 122,283 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the sale, the president now owns 126,907 shares of the company’s stock, valued at $7,000,190.12. The trade was a 49.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the completion of the sale, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at $510,865.13. This represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 514,344 shares of company stock worth $28,977,691. Insiders own 0.72% of the company’s stock.

General Motors Stock Down 8.8 %

General Motors stock opened at $50.07 on Wednesday. The firm has a market capitalization of $55.06 billion, a PE ratio of 5.34, a P/E/G ratio of 0.38 and a beta of 1.42. The company’s 50-day moving average is $53.14 and its 200-day moving average is $49.95. General Motors has a fifty-two week low of $34.93 and a fifty-two week high of $61.24. 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 (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS 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%. Sell-side analysts anticipate that General Motors will post 10.34 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a $0.12 dividend. 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 currently 5.12%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on GM shares. HSBC cut shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a research report on Wednesday, December 11th. The Goldman Sachs Group lifted their price target on shares of General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Barclays boosted their price objective on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. DZ Bank cut shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a research report on Friday, October 11th. Finally, Mizuho boosted their price objective on shares of General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.17.

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.