Premier Path Wealth Partners LLC Acquires 690 Shares of General Motors (NYSE:GM)

Premier Path Wealth Partners LLC increased its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,125 shares of the auto manufacturer’s stock after acquiring an additional 690 shares during the period. Premier Path Wealth Partners LLC’s holdings in General Motors were worth $486,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GM. Strategic Investment Solutions Inc. IL purchased a new stake in shares of General Motors in the second quarter valued at $25,000. Catalyst Capital Advisors LLC purchased a new stake in General Motors in the 3rd quarter worth about $27,000. Truvestments Capital LLC bought a new stake in General Motors in the third quarter worth about $27,000. Fairscale Capital LLC purchased a new position in shares of General Motors during the second quarter valued at approximately $36,000. Finally, Eastern Bank bought a new position in shares of General Motors during the third quarter valued at approximately $34,000. 92.67% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Rory Harvey sold 8,919 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares in the company, valued at $510,865.13. This trade represents a 51.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Mark L. Reuss sold 122,283 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the transaction, the president now directly 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 disclosure for this sale can be found here. Insiders sold a total of 1,030,475 shares of company stock valued at $56,509,286 in the last three months. 0.72% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GM has been the subject of a number of recent analyst reports. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $46.00 to $54.00 in a report on Tuesday, December 10th. Wells Fargo & Company cut their price target on shares of General Motors from $38.00 to $35.00 and set an “underweight” rating on the stock in a report on Monday, December 16th. DZ Bank lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a report on Friday, October 11th. Barclays upped their target price on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group lifted their price target on shares of General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Three analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $59.68.

General Motors Stock Down 1.8 %

GM stock opened at $50.90 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. The firm’s fifty day simple moving average is $53.60 and its 200-day simple moving average is $49.62. General Motors has a 12 month low of $34.32 and a 12 month high of $61.24. The company has a market capitalization of $55.97 billion, a P/E ratio of 5.43, a price-to-earnings-growth ratio of 0.36 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The company had revenue of $48.76 billion for the quarter, compared to the consensus estimate of $44.67 billion. During the same period last year, the firm earned $2.28 EPS. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, equities research analysts forecast that General Motors will post 10.34 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.94%. General Motors’s payout ratio is 5.12%.

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.