Collar Capital Management LLC Invests $2.44 Million in General Motors (NYSE:GM)

Collar Capital Management LLC purchased a new position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 45,882 shares of the auto manufacturer's stock, valued at approximately $2,444,000. General Motors makes up approximately 2.0% of Collar Capital Management LLC's portfolio, making the stock its 16th biggest position.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in General Motors during the 4th quarter valued at $25,000. Crews Bank & Trust purchased a new stake in General Motors during the 4th quarter worth about $26,000. Compass Planning Associates Inc acquired a new stake in shares of General Motors during the 4th quarter worth about $27,000. Duncker Streett & Co. Inc. boosted its stake in shares of General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 498 shares during the last quarter. Finally, Whittier Trust Co. grew its position in shares of General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after purchasing an additional 425 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Stock Performance

General Motors stock traded up $1.88 during mid-day trading on Monday, reaching $49.38. The company's stock had a trading volume of 6,853,589 shares, compared to its average volume of 13,421,902. The business has a 50 day moving average price of $46.63 and a 200-day moving average price of $50.06. 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 twelve month low of $38.96 and a twelve month high of $61.24. The firm has a market cap of $47.47 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 0.67 and a beta of 1.36.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.15. The firm had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. General Motors had a net margin of 3.21% and a return on equity of 15.29%. General Motors's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.62 earnings per share. Sell-side analysts predict that General Motors will post 11.44 EPS for the current fiscal year.

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

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Friday, June 6th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Friday, June 6th. This is a boost from General Motors's previous quarterly dividend of $0.12. General Motors's dividend payout ratio (DPR) is 8.65%.

Analyst Ratings Changes

GM has been the subject of several research reports. Royal Bank of Canada boosted their price objective on shares of General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Citigroup started coverage on shares of General Motors in a research note on Wednesday, April 23rd. They set a "buy" rating and a $62.00 price objective for the company. BNP Paribas raised General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Piper Sandler raised their price objective on General Motors from $45.00 to $48.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Finally, Wells Fargo & Company reiterated an "underweight" rating on shares of General Motors in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, General Motors presently has a consensus rating of "Hold" and an average target price of $54.28.

About General Motors

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.