Addison Advisors LLC Acquires 556 Shares of General Motors (NYSE:GM)

Addison Advisors LLC lifted its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 12.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,962 shares of the auto manufacturer’s stock after buying an additional 556 shares during the period. Addison Advisors LLC’s holdings in General Motors were worth $264,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of General Motors in the 4th quarter worth about $25,000. Crews Bank & Trust bought a new stake in shares of General Motors in the 4th quarter worth about $26,000. Catalyst Capital Advisors LLC purchased a new position in shares of General Motors during the 3rd quarter worth about $27,000. Truvestments Capital LLC purchased a new position in shares of General Motors during the 3rd quarter worth about $27,000. Finally, Compass Planning Associates Inc purchased a new position in shares of General Motors during the 4th quarter worth about $27,000. 92.67% of the stock is currently owned by institutional investors.

Insider Transactions at General Motors

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the acquisition, the director now owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. This represents a 700.12 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GM shares. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and lifted their price target for the stock from $56.00 to $60.00 in a research note on Tuesday, January 21st. Mizuho lifted their price target on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, HSBC cut shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a research report on Wednesday, December 11th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $59.71.

General Motors Trading Up 0.6 %

NYSE GM opened at $46.55 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The firm has a market cap of $46.31 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The company has a 50 day moving average price of $50.57 and a 200 day moving average price of $50.32. General Motors has a 52 week low of $38.94 and a 52 week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. As a group, sell-side analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders 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 dividend yield of 1.03%. General Motors’s payout ratio is currently 7.80%.

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.