4WEALTH Advisors Inc. Invests $346,000 in General Motors (NYSE:GM)

4WEALTH Advisors Inc. bought a new stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,486 shares of the auto manufacturer's stock, valued at approximately $346,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in General Motors during the fourth quarter worth approximately $592,321,000. Amundi increased its holdings in shares of General Motors by 75.5% during the 4th quarter. Amundi now owns 4,914,256 shares of the auto manufacturer's stock worth $250,627,000 after acquiring an additional 2,113,973 shares during the last quarter. ACR Alpine Capital Research LLC raised its stake in General Motors by 39.8% in the 4th quarter. ACR Alpine Capital Research LLC now owns 7,397,404 shares of the auto manufacturer's stock valued at $394,060,000 after acquiring an additional 2,104,528 shares during the period. Raymond James Financial Inc. bought a new stake in General Motors in the 4th quarter valued at $108,366,000. Finally, National Bank of Canada FI lifted its holdings in General Motors by 54.4% during the 4th quarter. National Bank of Canada FI now owns 3,352,523 shares of the auto manufacturer's stock valued at $178,593,000 after purchasing an additional 1,180,936 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Price Performance

Shares of GM stock traded up $0.22 during trading on Friday, hitting $45.27. The company had a trading volume of 11,644,783 shares, compared to its average volume of 13,426,276. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $43.74 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36. The stock's 50-day moving average is $46.76 and its two-hundred day moving average is $50.25.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results 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 business had revenue of $44.02 billion for the quarter, compared to analysts' expectations of $42.64 billion. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.62 EPS. As a group, analysts predict that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Friday, June 6th will be paid a $0.15 dividend. This is a boost from General Motors's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.33%. General Motors's payout ratio is presently 8.65%.

General Motors announced that its board has approved a share repurchase plan on Wednesday, February 26th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GM shares. Wells Fargo & Company reissued an "underweight" rating on shares of General Motors in a research report on Monday, February 3rd. Citigroup started coverage on shares of General Motors in a report on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 price target on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective for the company. in a research report on Monday, April 14th. JPMorgan Chase & Co. lowered their target price on General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Finally, Mizuho dropped their price target on General Motors from $55.00 to $53.00 and set an "outperform" rating for the company in a report on Friday. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, General Motors has a consensus rating of "Hold" and a consensus price target of $53.94.

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.