HHM Wealth Advisors LLC Grows Stake in General Motors (NYSE:GM)

HHM Wealth Advisors LLC lifted its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,606 shares of the auto manufacturer’s stock after purchasing an additional 289 shares during the period. HHM Wealth Advisors LLC’s holdings in General Motors were worth $86,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Crews Bank & Trust bought a new stake in General Motors during the 4th quarter valued at $26,000. Catalyst Capital Advisors LLC purchased a new position in General Motors during the third quarter valued at approximately $27,000. Truvestments Capital LLC bought a new stake in General Motors during the 3rd quarter worth approximately $27,000. Sugar Maple Asset Management LLC purchased a new stake in General Motors in the 4th quarter worth approximately $31,000. Finally, Eastern Bank bought a new position in General Motors in the 3rd quarter valued at $34,000. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Down 3.1 %

Shares of NYSE GM opened at $47.90 on Tuesday. The company has a market cap of $47.66 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 0.69 and a beta of 1.42. 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’s fifty day moving average is $52.64 and its 200 day moving average is $49.95. General Motors has a 52 week low of $37.60 and a 52 week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating 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, equities research analysts expect that General Motors will post 11.41 earnings per share for the current year.

General Motors Announces Dividend

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 given 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 1.00%. General Motors’s dividend payout ratio is currently 7.80%.

Analyst Ratings Changes

Several research analysts have recently weighed in on GM shares. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and upped their price target for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. UBS Group lifted their price target on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Wedbush upped their price objective on shares of General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of General Motors from a “hold” rating to a “buy” rating in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada increased their price target on shares of General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.28.

Insider Activity

In related news, EVP Rory Harvey sold 8,919 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $60.01, for a total value 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 $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, the director now owns 13,714 shares in the company, valued at approximately $694,751.24. This represents a 700.12 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 514,344 shares of company stock valued at $28,977,691. Company insiders own 0.72% of the company’s stock.

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.