World Investment Advisors Has $403,000 Stake in General Motors (NYSE:GM)

World Investment Advisors raised its position in General Motors (NYSE:GM) (TSE:GMM.U) by 42.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,560 shares of the auto manufacturer’s stock after purchasing an additional 2,266 shares during the quarter. World Investment Advisors’ holdings in General Motors were worth $403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in General Motors in the 4th quarter valued at about $25,000. Crews Bank & Trust bought a new stake in General Motors in the fourth quarter valued at approximately $26,000. Compass Planning Associates Inc acquired a new stake in shares of General Motors in the fourth quarter valued at approximately $27,000. Duncker Streett & Co. Inc. boosted its stake in shares of General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 498 shares during the period. Finally, Whittier Trust Co. increased its holdings in shares of General Motors by 551.9% during the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 425 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. The Goldman Sachs Group set a $73.00 price objective on shares of General Motors in a research report on Saturday, March 1st. JPMorgan Chase & Co. reduced their target price on shares of General Motors from $64.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. 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 report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and raised their price objective for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. Finally, Hsbc Global Res downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.00.

General Motors Trading Down 2.5 %

Shares of General Motors stock opened at $42.46 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. General Motors has a 12-month low of $38.96 and a 12-month high of $61.24. The company has a market capitalization of $42.25 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 0.67 and a beta of 1.27. The firm’s 50-day moving average price is $47.69 and its two-hundred day moving average price is $50.45.

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

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.13%. General Motors’s dividend payout ratio (DPR) is currently 7.80%.

General Motors announced that its board has authorized a share repurchase program on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were bought at an average cost of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now owns 13,714 shares of the company’s stock, valued at $694,751.24. This trade represents a 700.12 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.72% of the stock is owned by corporate insiders.

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.