Measured Risk Portfolios Inc. Purchases Shares of 500 General Motors (NYSE:GM)

Measured Risk Portfolios Inc. 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 500 shares of the auto manufacturer’s stock, valued at approximately $27,000.

Several other large investors have also recently added to or reduced their stakes in GM. Golden State Wealth Management LLC bought a new stake in shares of General Motors in the 4th quarter worth about $25,000. Crews Bank & Trust bought a new stake in General Motors in the fourth quarter valued at about $26,000. Compass Planning Associates Inc bought a new position in General Motors during the 4th quarter worth approximately $27,000. Whittier Trust Co. grew its position in shares of General Motors by 551.9% in the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 425 shares in the last quarter. Finally, Duncker Streett & Co. Inc. increased its holdings in shares of General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 498 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Stock Performance

Shares of NYSE GM opened at $50.47 on Wednesday. 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 $38.96 and a one year high of $61.24. The business’s 50-day moving average price is $46.71 and its two-hundred day moving average price is $50.05. The company has a market capitalization of $48.52 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.15. The firm had revenue of $44.02 billion for the quarter, compared to the consensus estimate of $42.64 billion. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.62 earnings per share. Analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the auto manufacturer to reacquire up to 12.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from General Motors’s previous quarterly dividend of $0.12. General Motors’s dividend payout ratio is 8.65%.

Wall Street Analyst Weigh In

A number of research firms have commented on GM. StockNews.com downgraded shares of General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Wells Fargo & Company reiterated an “underweight” rating on shares of General Motors in a research note on Monday, February 3rd. UBS Group lowered their target price on General Motors from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. Sanford C. Bernstein set a $36.00 price target on General Motors in a report on Monday, May 5th. Finally, Cowen started coverage on General Motors in a research note on Thursday, March 6th. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has issued 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 $54.28.

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.