Venturi Wealth Management LLC Grows Holdings in General Motors (NYSE:GM)

Venturi Wealth Management LLC boosted its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 84.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,993 shares of the auto manufacturer’s stock after purchasing an additional 1,367 shares during the quarter. Venturi Wealth Management LLC’s holdings in General Motors were worth $159,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new position in General Motors in the 4th quarter valued at $25,000. Crews Bank & Trust acquired a new position in General Motors in the 4th quarter valued at $26,000. Catalyst Capital Advisors LLC acquired a new position in General Motors in the 3rd quarter valued at $27,000. Truvestments Capital LLC acquired a new position in General Motors in the 3rd quarter valued at $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in General Motors in the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

NYSE:GM opened at $46.31 on Friday. General Motors has a twelve month low of $38.94 and a twelve month high of $61.24. The company has a market capitalization of $46.07 billion, a P/E ratio of 7.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The firm has a 50-day moving average price of $50.68 and a two-hundred day moving average price of $50.22. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM) (TSE:GMM.U) last released 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%. As a group, research analysts expect that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.04%. General Motors’s dividend payout ratio is currently 7.80%.

Insiders Place Their Bets

In related news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the transaction, the director now owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 sale, the executive vice president now directly owns 8,513 shares in the company, valued at $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on GM. HSBC cut shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a research note on Wednesday, December 11th. Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Hsbc Global Res cut shares of General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, 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 research note on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, General Motors has an average rating of “Hold” and an average target price of $59.71.

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.