4,465 Shares in General Motors (NYSE:GM) Bought by Angeles Wealth Management LLC

Angeles Wealth Management LLC bought a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,465 shares of the auto manufacturer’s stock, valued at approximately $238,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new stake in General Motors in the fourth quarter valued at approximately $25,000. Crews Bank & Trust bought a new position in shares of General Motors in the 4th quarter valued at $26,000. Catalyst Capital Advisors LLC bought a new stake in General Motors during the 3rd quarter worth $27,000. Truvestments Capital LLC acquired a new position in General Motors in the 3rd quarter worth about $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in General Motors in the fourth quarter valued at about $28,000. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of General Motors stock opened at $46.53 on Tuesday. The business has a 50-day simple moving average of $51.80 and a 200 day simple moving average of $49.95. The firm has a market capitalization of $46.29 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 0.68 and a beta of 1.40. 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 has a one year low of $37.83 and a one year high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. On average, research analysts anticipate that General Motors will post 11.28 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.03%. General Motors’s dividend payout ratio is presently 7.80%.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the acquisition, the director now owns 13,714 shares in the company, valued at $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the sale, the executive vice president now owns 122,465 shares of the company’s stock, valued at approximately $6,935,192.95. This trade represents a 75.78 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GM shares. HSBC cut 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. Wedbush raised their price target on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company boosted their price objective on shares of General Motors from $35.00 to $37.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and raised their target price for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada increased their price target on General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $61.28.

About General Motors

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.