Tandem Capital Management Corp ADV Cuts Stock Holdings in General Motors (NYSE:GM)

Tandem Capital Management Corp ADV decreased its position in General Motors (NYSE:GM) (TSE:GMM.U) by 3.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 51,267 shares of the auto manufacturer’s stock after selling 2,060 shares during the period. Tandem Capital Management Corp ADV’s holdings in General Motors were worth $1,842,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of GM. Pacifica Partners Inc. boosted its position in shares of General Motors by 10.1% during the 4th quarter. Pacifica Partners Inc. now owns 3,288 shares of the auto manufacturer’s stock valued at $107,000 after acquiring an additional 301 shares during the last quarter. RWA Wealth Partners LLC raised its position in General Motors by 5.0% in the fourth quarter. RWA Wealth Partners LLC now owns 6,740 shares of the auto manufacturer’s stock valued at $242,000 after purchasing an additional 319 shares during the period. Cornerstone Wealth Management LLC lifted its stake in shares of General Motors by 6.6% in the 4th quarter. Cornerstone Wealth Management LLC now owns 6,481 shares of the auto manufacturer’s stock valued at $233,000 after purchasing an additional 404 shares during the last quarter. CX Institutional boosted its stake in General Motors by 4.2% during the third quarter. CX Institutional now owns 10,675 shares of the auto manufacturer’s stock worth $352,000 after buying an additional 431 shares during the period. Finally, Graypoint LLC boosted its position in shares of General Motors by 2.8% during the 4th quarter. Graypoint LLC now owns 16,397 shares of the auto manufacturer’s stock worth $589,000 after purchasing an additional 447 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Christopher Hatto sold 15,510 shares of General Motors stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $40.02, for a total transaction of $620,710.20. Following the sale, the chief accounting officer now owns 21,507 shares of the company’s stock, valued at $860,710.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Gerald Johnson sold 27,122 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the completion of the transaction, the executive vice president now owns 71,506 shares of the company’s stock, valued at $3,236,361.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Christopher Hatto sold 15,510 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $40.02, for a total transaction of $620,710.20. Following the completion of the sale, the chief accounting officer now owns 21,507 shares in the company, valued at $860,710.14. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock worth $3,614,078 in the last three months. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wedbush lifted their price objective on shares of General Motors from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday. Barclays boosted their target price on General Motors from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Sanford C. Bernstein began coverage on shares of General Motors in a research report on Thursday. They set an “outperform” rating and a $55.00 price objective for the company. Morgan Stanley lifted their price target on shares of General Motors from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on General Motors from $44.00 to $50.00 and gave the company a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.38.

General Motors Trading Up 1.2 %

Shares of NYSE GM traded up $0.54 during midday trading on Thursday, hitting $45.62. The stock had a trading volume of 14,513,333 shares, compared to its average volume of 17,521,344. The company has a market capitalization of $52.67 billion, a price-to-earnings ratio of 5.58, a PEG ratio of 0.53 and a beta of 1.51. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. General Motors has a 1-year low of $26.30 and a 1-year high of $46.04. The company has a fifty day moving average price of $42.13 and a 200 day moving average price of $36.19.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. The business had revenue of $43.01 billion during the quarter, compared to the consensus estimate of $41.09 billion. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.21 earnings per share. On average, analysts predict that General Motors will post 9.26 earnings per share for the current year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.05%. General Motors’s dividend payout ratio is currently 5.87%.

General Motors 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.