Castlekeep Investment Advisors LLC Purchases Shares of 18,538 General Motors (NYSE:GM)

Castlekeep Investment Advisors LLC acquired a new position in General Motors (NYSE:GM - Free Report) TSE: GMM.U during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,538 shares of the auto manufacturer's stock, valued at approximately $988,000.

A number of other large investors have also recently made changes to their positions in the stock. Beaconlight Capital LLC increased its stake in General Motors by 15.4% in the 4th quarter. Beaconlight Capital LLC now owns 197,526 shares of the auto manufacturer's stock worth $10,522,000 after buying an additional 26,381 shares in the last quarter. Algert Global LLC boosted its stake in shares of General Motors by 5.3% in the fourth quarter. Algert Global LLC now owns 97,094 shares of the auto manufacturer's stock worth $5,172,000 after acquiring an additional 4,900 shares during the period. Alpha Family Trust purchased a new stake in shares of General Motors during the fourth quarter worth about $235,000. Aptus Capital Advisors LLC raised its stake in General Motors by 10.2% during the 4th quarter. Aptus Capital Advisors LLC now owns 13,298 shares of the auto manufacturer's stock valued at $708,000 after purchasing an additional 1,229 shares during the period. Finally, Aspire Growth Partners LLC purchased a new position in General Motors in the 4th quarter worth approximately $508,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Trading Up 0.2 %

Shares of NYSE GM opened at $45.37 on Tuesday. General Motors has a fifty-two week low of $38.96 and a fifty-two week high of $61.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The company has a market cap of $43.84 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 0.67 and a beta of 1.36. The business's 50 day moving average price is $46.70 and its 200-day moving average price is $50.22.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share 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 analyst estimates of $42.64 billion. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The business's revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.62 earnings per share. On average, sell-side analysts expect that General Motors will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.32%. This is a boost from General Motors's previous quarterly dividend of $0.12. The ex-dividend date is Friday, June 6th. General Motors's payout ratio is 8.65%.

General Motors announced that its board has authorized a stock buyback plan on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GM. Cowen started coverage on shares of General Motors in a research note on Thursday, March 6th. They set a "buy" rating for the company. Royal Bank of Canada increased their price target on General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a research note on Friday. Citigroup started coverage on General Motors in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 price objective on the stock. TD Cowen started coverage on General Motors in a research report on Friday, March 7th. They set a "buy" rating and a $105.00 target price for the company. Finally, The Goldman Sachs Group decreased their price target on shares of General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $54.22.

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.

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