Mercer Global Advisors Inc. ADV Purchases Shares of 24,983 General Motors (GM)

Mercer Global Advisors Inc. ADV bought a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the 1st quarter, Holdings Channel reports. The fund bought 24,983 shares of the auto manufacturer’s stock, valued at approximately $836,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GM. BerganKDV Wealth Management LLC boosted its stake in shares of General Motors by 21.0% during the 4th quarter. BerganKDV Wealth Management LLC now owns 1,726 shares of the auto manufacturer’s stock worth $58,000 after acquiring an additional 300 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of General Motors by 22.5% during the 4th quarter. Bessemer Group Inc. now owns 1,741 shares of the auto manufacturer’s stock worth $59,000 after acquiring an additional 320 shares in the last quarter. Cornerstone Advisors Inc. boosted its stake in shares of General Motors by 63.0% during the 4th quarter. Cornerstone Advisors Inc. now owns 895 shares of the auto manufacturer’s stock worth $30,000 after acquiring an additional 346 shares in the last quarter. Pekin Singer Strauss Asset Management IL lifted its stake in General Motors by 1.7% in the 4th quarter. Pekin Singer Strauss Asset Management IL now owns 20,958 shares of the auto manufacturer’s stock valued at $701,000 after buying an additional 350 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its stake in General Motors by 2.3% in the 4th quarter. Capital Investment Advisors LLC now owns 15,927 shares of the auto manufacturer’s stock valued at $533,000 after buying an additional 361 shares in the last quarter. Institutional investors own 77.58% of the company’s stock.

NYSE:GM opened at $39.66 on Wednesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.92 and a quick ratio of 0.80. The stock has a market capitalization of $55.77 billion, a price-to-earnings ratio of 6.06, a PEG ratio of 0.69 and a beta of 1.27. General Motors has a 1-year low of $30.56 and a 1-year high of $45.00.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Wednesday, February 6th. The auto manufacturer reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.22. The company had revenue of $38.40 billion during the quarter, compared to analysts’ expectations of $36.31 billion. General Motors had a net margin of 5.45% and a return on equity of 23.99%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.65 EPS. As a group, sell-side analysts expect that General Motors will post 6.48 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $0.38 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.83%. General Motors’s payout ratio is currently 23.24%.

In other news, insider Alan S. Batey sold 70,266 shares of the stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $38.39, for a total transaction of $2,697,511.74. Following the transaction, the insider now owns 205,906 shares of the company’s stock, valued at $7,904,731.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher Hatto sold 8,499 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $40.00, for a total transaction of $339,960.00. Following the transaction, the vice president now directly owns 10,040 shares in the company, valued at approximately $401,600. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,521 shares of company stock valued at $4,337,346. 0.39% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently issued reports on GM shares. Seaport Global Securities started coverage on General Motors in a research note on Wednesday, February 13th. They issued a “buy” rating on the stock. Citigroup increased their price target on General Motors to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 8th. Barclays restated a “buy” rating and set a $49.00 price objective on shares of General Motors in a report on Monday, January 14th. Zacks Investment Research downgraded General Motors from a “buy” rating to a “hold” rating in a report on Monday, January 7th. Finally, Buckingham Research set a $34.00 price target on General Motors and gave the company a “hold” rating in a report on Friday, January 11th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.20.

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General Motors Company Profile

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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