General Motors Company $GM Stock Acquired by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators lifted its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 28.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 422,525 shares of the auto manufacturer’s stock after buying an additional 92,761 shares during the quarter. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in General Motors were worth $32,534,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GM. Cornerstone Wealth Management LLC boosted its holdings in General Motors by 0.7% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 16,179 shares of the auto manufacturer’s stock valued at $1,246,000 after acquiring an additional 112 shares during the period. Avior Wealth Management LLC increased its stake in General Motors by 2.6% during the third quarter. Avior Wealth Management LLC now owns 5,251 shares of the auto manufacturer’s stock worth $404,000 after purchasing an additional 134 shares during the period. Silver Grove Financial Group Inc. increased its stake in General Motors by 8.1% during the third quarter. Silver Grove Financial Group Inc. now owns 1,802 shares of the auto manufacturer’s stock worth $139,000 after purchasing an additional 135 shares during the period. Bogart Wealth LLC lifted its position in shares of General Motors by 17.0% during the second quarter. Bogart Wealth LLC now owns 949 shares of the auto manufacturer’s stock worth $73,000 after purchasing an additional 138 shares in the last quarter. Finally, Richardson Financial Services Inc. lifted its position in shares of General Motors by 75.7% during the third quarter. Richardson Financial Services Inc. now owns 325 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Rory Harvey sold 16,513 shares of General Motors stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $89.64, for a total value of $1,480,225.32. Following the completion of the transaction, the executive vice president owned 12,000 shares in the company, valued at $1,075,680. The trade was a 57.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GM has been the subject of several recent research reports. UBS Group lowered their price objective on shares of General Motors from $112.00 to $109.00 and set a “buy” rating for the company in a research note on Wednesday, October 21st. Weiss Ratings raised shares of General Motors from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, October 30th. Wall Street Zen downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. Jefferies Financial Group upgraded shares of General Motors from a “hold” rating to a “buy” rating and increased their target price for the stock from $90.00 to $99.00 in a report on Monday, July 27th. Finally, TD Cowen reissued a “buy” rating and issued a $132.00 price target on shares of General Motors in a research report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.44.

General Motors Price Performance

Shares of NYSE GM opened at $86.37 on Friday. The stock’s 50-day moving average is $83.56 and its two-hundred day moving average is $81.00. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.09 and a quick ratio of 0.94. General Motors Company has a 1-year low of $67.06 and a 1-year high of $93.70. The company has a market cap of $72.86 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 0.50 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.01. The business had revenue of $50.02 billion during the quarter, compared to analysts’ expectations of $48.78 billion. General Motors had a return on equity of 19.36% and a net margin of 2.12%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.80 EPS. Analysts forecast that General Motors Company will post 13.36 EPS for the current fiscal year.

General Motors announced that its Board of Directors has authorized a share buyback plan on Tuesday, October 20th that permits the company to buy back $20 billion in shares. This repurchase authorization permits the auto manufacturer to repurchase up to 27.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Friday, December 4th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.72 annualized dividend and a yield of 0.8%. General Motors’s dividend payout ratio (DPR) is 16.51%.

General Motors Company Profile

General Motors Company designs, manufactures and sells cars, trucks, crossovers and sport utility vehicles. Its vehicle brands include Chevrolet, Buick, GMC and Cadillac, and its offerings also include vehicle parts, software and related services. GM Financial provides automotive financing and leasing products to customers and dealers. Founded in 1908, General Motors is headquartered in Detroit, Michigan. The company serves customers in North America and international markets, with operations and sales spanning multiple regions.