Semanteon Capital Management LP Takes Position in General Motors (NYSE:GM)

Semanteon Capital Management LP bought a new stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the fourth quarter, HoldingsChannel reports. The firm bought 22,544 shares of the auto manufacturer’s stock, valued at approximately $810,000.

Other hedge funds have also recently modified their holdings of the company. SouthState Corp boosted its holdings in shares of General Motors by 173.8% during the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 485 shares in the last quarter. Highlander Capital Management LLC bought a new position in General Motors in the 4th quarter worth about $27,000. BluePath Capital Management LLC bought a new position in General Motors in the 3rd quarter worth about $33,000. Bfsg LLC bought a new position in General Motors in the 4th quarter worth about $35,000. Finally, Tennessee Valley Asset Management Partners bought a new position in General Motors in the 4th quarter worth about $36,000. Institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

GM has been the topic of a number of analyst reports. Piper Sandler upped their price target on shares of General Motors from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday. TheStreet upgraded shares of General Motors from a “c+” rating to a “b-” rating in a research note on Tuesday, March 19th. UBS Group upped their price target on shares of General Motors from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday. Citigroup boosted their target price on General Motors from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Redburn Atlantic assumed coverage on General Motors in a research report on Wednesday, January 24th. They issued a “neutral” rating and a $40.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.65.

General Motors Stock Performance

Shares of NYSE GM traded up $0.20 during midday trading on Friday, hitting $45.82. 12,149,767 shares of the company’s stock traded hands, compared to its average volume of 17,458,105. General Motors has a 1 year low of $26.30 and a 1 year high of $46.17. The stock has a market capitalization of $52.28 billion, a price-to-earnings ratio of 5.60, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.16. The firm has a fifty day moving average of $42.13 and a 200 day moving average 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 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 firm had revenue of $43.01 billion during the quarter, compared to analyst estimates of $41.09 billion. During the same quarter in the prior year, the firm earned $2.21 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts forecast that General Motors will post 9.44 earnings per share for the current year.

General Motors Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Gerald Johnson sold 27,122 shares of General Motors 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 transaction, the executive vice president now owns 71,506 shares in the company, valued at approximately $3,236,361.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Gerald Johnson sold 27,122 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.26, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Christopher Hatto sold 3,500 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,007 shares of the company’s stock, valued at approximately $540,315. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,248 shares of company stock worth $3,614,078. Company insiders own 0.54% of the company’s stock.

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.