WP Advisors LLC Makes New $271,000 Investment in General Motors (NYSE:GM)

WP Advisors LLC acquired a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,532 shares of the auto manufacturer’s stock, valued at approximately $271,000.

Other institutional investors also recently bought and sold shares of the company. Blair William & Co. IL boosted its stake in shares of General Motors by 10.6% in the first quarter. Blair William & Co. IL now owns 157,520 shares of the auto manufacturer’s stock valued at $6,890,000 after purchasing an additional 15,117 shares during the period. Aviva PLC boosted its stake in shares of General Motors by 32.7% in the first quarter. Aviva PLC now owns 278,485 shares of the auto manufacturer’s stock valued at $12,181,000 after purchasing an additional 68,683 shares during the period. Moors & Cabot Inc. boosted its stake in shares of General Motors by 12.8% in the first quarter. Moors & Cabot Inc. now owns 10,767 shares of the auto manufacturer’s stock valued at $471,000 after purchasing an additional 1,225 shares during the period. Brighton Jones LLC boosted its stake in shares of General Motors by 13.9% in the first quarter. Brighton Jones LLC now owns 4,768 shares of the auto manufacturer’s stock valued at $208,000 after purchasing an additional 581 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of General Motors by 5.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 103,800 shares of the auto manufacturer’s stock valued at $4,540,000 after purchasing an additional 5,184 shares during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at General Motors

In related news, EVP Julian G. Blissett sold 13,826 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the completion of the transaction, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Christopher Hatto sold 3,500 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.00, for a total value of $157,500.00. Following the completion of the transaction, the chief accounting officer now owns 12,007 shares in the company, valued at approximately $540,315. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Julian G. Blissett sold 13,826 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the transaction, the executive vice president now owns 87,567 shares of the company’s stock, valued at approximately $3,348,562.08. The disclosure for this sale can be found here. Insiders sold 86,248 shares of company stock worth $3,614,078 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

General Motors Stock Performance

Shares of GM stock traded down $0.07 during trading hours on Friday, reaching $42.37. The stock had a trading volume of 15,514,953 shares, compared to its average volume of 12,723,066. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 0.90. General Motors has a twelve month low of $26.30 and a twelve month high of $46.04. The firm has a 50-day simple moving average of $41.65 and a 200-day simple moving average of $35.80. The firm has a market capitalization of $48.91 billion, a PE ratio of 5.80, a price-to-earnings-growth ratio of 0.51 and a beta of 1.51.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The business had revenue of $42.98 billion for the quarter, compared to analysts’ expectations of $38.81 billion. During the same quarter last year, the company earned $2.12 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, equities analysts forecast that General Motors will post 9.12 earnings per share for the current year.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Friday, March 1st were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, February 29th. This is a boost from General Motors’s previous quarterly dividend of $0.09. General Motors’s dividend payout ratio (DPR) is 6.57%.

Analyst Ratings Changes

Several analysts recently issued reports on GM shares. Redburn Atlantic started coverage on shares of General Motors in a report on Wednesday, January 24th. They issued a “neutral” rating and a $40.00 price target on the stock. Barclays upped their price target on shares of General Motors from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Piper Sandler started coverage on shares of General Motors in a report on Friday, March 15th. They issued a “neutral” rating and a $44.00 price target on the stock. Mizuho upped their price target on shares of General Motors from $44.00 to $48.00 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Morgan Stanley upped their price target on shares of General Motors from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.57.

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.