Jackson Hole Capital Partners LLC Buys Shares of 5,890 General Motors (NYSE:GM)

Jackson Hole Capital Partners LLC bought a new stake in General Motors (NYSE:GM) (TSE:GMM.U) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,890 shares of the auto manufacturer’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC raised its holdings in shares of General Motors by 454.3% during the third quarter. Acadian Asset Management LLC now owns 5,216,283 shares of the auto manufacturer’s stock valued at $171,961,000 after buying an additional 4,275,293 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of General Motors by 32.6% during the third quarter. AQR Capital Management LLC now owns 8,326,682 shares of the auto manufacturer’s stock valued at $274,531,000 after buying an additional 2,049,412 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of General Motors by 1.4% during the third quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer’s stock valued at $3,674,861,000 after buying an additional 1,580,681 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of General Motors by 518.4% during the third quarter. EP Wealth Advisors LLC now owns 1,274,574 shares of the auto manufacturer’s stock valued at $42,023,000 after buying an additional 1,068,474 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in General Motors by 175.2% during the third quarter. Canada Pension Plan Investment Board now owns 1,615,483 shares of the auto manufacturer’s stock worth $53,262,000 after purchasing an additional 1,028,508 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Royal Bank of Canada boosted their target price on General Motors from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday. Wedbush upped their price target on General Motors from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday. Citigroup upped their price target on General Motors from $95.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday. Tigress Financial upped their price target on General Motors from $86.00 to $88.00 and gave the company a “strong-buy” rating in a report on Thursday, February 15th. Finally, Morgan Stanley upped their price target on General Motors from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.65.

General Motors Stock Up 0.4 %

Shares of GM stock traded up $0.20 on Friday, hitting $45.82. The company’s stock had a trading volume of 12,149,767 shares, compared to its average volume of 17,458,105. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 0.90. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $46.17. The firm’s fifty day moving average price is $42.13 and its 200-day moving average price is $36.19. The stock has a market capitalization of $52.28 billion, a price-to-earnings ratio of 5.60, a P/E/G ratio of 0.52 and a beta of 1.51.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The business had revenue of $43.01 billion during the quarter, compared to analyst estimates of $41.09 billion. During the same quarter in the previous year, the business earned $2.21 EPS. General Motors’s quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts anticipate that General Motors will post 9.44 EPS for the current year.

General Motors Announces Dividend

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

Insider Activity at General Motors

In other General Motors news, EVP Gerald Johnson sold 27,122 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were 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 approximately $3,236,361.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other General Motors news, EVP Gerald Johnson sold 27,122 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were 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 approximately $3,236,361.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Christopher Hatto sold 15,510 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.02, for a total transaction of $620,710.20. Following the transaction, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at approximately $860,710.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,248 shares of company stock valued at $3,614,078. Insiders own 0.54% of the company’s stock.

General Motors Company 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.