Atlas Capital Advisors Inc. Has $1.41 Million Position in General Motors (NYSE:GM)

Atlas Capital Advisors Inc. lifted its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 119.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,535 shares of the auto manufacturer's stock after purchasing an additional 14,461 shares during the period. Atlas Capital Advisors Inc.'s holdings in General Motors were worth $1,414,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Public Sector Pension Investment Board increased its holdings in shares of General Motors by 11.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 46,744 shares of the auto manufacturer's stock worth $2,096,000 after acquiring an additional 4,700 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of General Motors by 138.6% in the third quarter. Benjamin Edwards Inc. now owns 13,722 shares of the auto manufacturer's stock valued at $615,000 after purchasing an additional 7,970 shares during the last quarter. IHT Wealth Management LLC raised its position in shares of General Motors by 79.2% in the third quarter. IHT Wealth Management LLC now owns 15,136 shares of the auto manufacturer's stock valued at $679,000 after purchasing an additional 6,689 shares during the period. Petrus Trust Company LTA acquired a new stake in shares of General Motors during the 3rd quarter worth about $604,000. Finally, Redwood Investment Management LLC boosted its holdings in shares of General Motors by 4.1% during the 3rd quarter. Redwood Investment Management LLC now owns 31,283 shares of the auto manufacturer's stock worth $1,454,000 after buying an additional 1,224 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Price Performance

General Motors stock traded down $0.14 during mid-day trading on Wednesday, reaching $42.34. The company had a trading volume of 6,237,872 shares, compared to its average volume of 13,466,858. The business has a fifty day simple moving average of $47.69 and a 200 day simple moving average of $50.45. The company has a market cap of $42.13 billion, a P/E ratio of 6.87, a P/E/G ratio of 0.67 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. General Motors has a fifty-two week low of $38.96 and a fifty-two week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. On average, equities research analysts predict that General Motors will post 11.44 earnings per share for the current year.

General Motors announced that its board has authorized 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 shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Friday, March 7th. General Motors's payout ratio is 7.80%.

Insider Buying and Selling at General Motors

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of General Motors stock in a transaction on Thursday, January 30th. The shares were purchased at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the transaction, the director now owns 13,714 shares of the company's stock, valued at approximately $694,751.24. This represents a 700.12 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GM. TD Cowen started coverage on shares of General Motors in a research report on Friday, March 7th. They set a "buy" rating and a $105.00 price objective for the company. Piper Sandler lifted their price target on General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Cowen started coverage on General Motors in a report on Thursday, March 6th. They issued a "buy" rating on the stock. The Goldman Sachs Group set a $73.00 target price on General Motors in a report on Saturday, March 1st. Finally, HSBC cut shares of General Motors from a "buy" rating to a "hold" rating and set a $58.00 target price for the company. in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $61.00.

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.