Burford Brothers Inc. Has $452,000 Position in General Motors (NYSE:GM)

Burford Brothers Inc. cut its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,477 shares of the auto manufacturer’s stock after selling 383 shares during the period. Burford Brothers Inc.’s holdings in General Motors were worth $452,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GM. Allworth Financial LP lifted its stake in General Motors by 2.3% in the third quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer’s stock valued at $412,000 after buying an additional 205 shares during the period. Avestar Capital LLC increased its stake in shares of General Motors by 2.3% in the 3rd quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer’s stock valued at $430,000 after acquiring an additional 213 shares in the last quarter. Continuum Advisory LLC lifted its position in shares of General Motors by 7.9% during the 3rd quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer’s stock valued at $131,000 after acquiring an additional 213 shares during the period. Metis Global Partners LLC boosted its stake in General Motors by 0.6% during the third quarter. Metis Global Partners LLC now owns 36,240 shares of the auto manufacturer’s stock worth $1,625,000 after acquiring an additional 230 shares in the last quarter. Finally, Centaurus Financial Inc. grew its holdings in General Motors by 2.1% in the second quarter. Centaurus Financial Inc. now owns 11,628 shares of the auto manufacturer’s stock worth $540,000 after purchasing an additional 238 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the stock in a transaction dated Thursday, January 30th. The shares were bought at an average price of $50.66 per share, with a total value of $607,920.00. Following the completion of the transaction, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rory Harvey sold 8,919 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the completion of the transaction, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. This trade represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 514,344 shares of company stock valued at $28,977,691 over the last ninety days. 0.72% of the stock is currently owned by insiders.

General Motors Stock Down 0.1 %

Shares of NYSE:GM opened at $49.46 on Monday. General Motors has a 1 year low of $37.60 and a 1 year high of $61.24. The company has a market capitalization of $49.21 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 0.69 and a beta of 1.40. The business has a fifty day moving average price of $52.64 and a two-hundred day moving average price of $49.95. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping 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%. Analysts forecast that General Motors will post 11.41 earnings per share for the current year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio (DPR) is 7.80%.

Wall Street Analysts Forecast Growth

GM has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada upped their price target on General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group raised their price objective on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Barclays boosted their price objective on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, DZ Bank cut General Motors from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a report on Friday, October 11th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.28.

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.