Vise Technologies Inc. Takes $312,000 Position in General Motors (NYSE:GM)

Vise Technologies Inc. bought a new position in General Motors (NYSE:GM - Free Report) TSE: GMM.U in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,864 shares of the auto manufacturer's stock, valued at approximately $312,000.

Other large investors have also bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in General Motors in the fourth quarter worth $25,000. Crews Bank & Trust purchased a new position in shares of General Motors in the fourth quarter valued at $26,000. Compass Planning Associates Inc purchased a new position in shares of General Motors in the fourth quarter valued at $27,000. Duncker Streett & Co. Inc. grew its position in shares of General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after purchasing an additional 498 shares in 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 in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Price Performance

GM stock traded up $0.99 during mid-day trading on Friday, hitting $49.58. 17,702,817 shares of the stock were exchanged, compared to its average volume of 13,318,514. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The business has a fifty day moving average price of $46.80 and a 200 day moving average price of $49.69. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24. The stock has a market capitalization of $47.67 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 0.67 and a beta of 1.36.

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

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

General Motors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, June 6th. This represents a $0.60 annualized dividend and a yield of 1.21%. This is a positive change from General Motors's previous quarterly dividend of $0.12. General Motors's payout ratio is 8.65%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GM shares. Barclays lifted their price target on General Motors from $40.00 to $45.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Wedbush reduced their price target on General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Wells Fargo & Company reiterated an "underweight" rating on shares of General Motors in a research report on Monday, February 3rd. Piper Sandler reiterated a "neutral" rating and issued a $48.00 price target (up from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Finally, Sanford C. Bernstein set a $36.00 price target on General Motors in a research report on Monday, May 5th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, General Motors has a consensus rating of "Hold" and an average price target of $54.56.

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.