Waverly Advisors LLC Increases Holdings in General Motors (NYSE:GM)

Waverly Advisors LLC lifted its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 71.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,166 shares of the auto manufacturer's stock after purchasing an additional 8,851 shares during the quarter. Waverly Advisors LLC's holdings in General Motors were worth $1,127,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GM. Golden State Wealth Management LLC purchased a new stake in General Motors in the fourth quarter valued at approximately $25,000. Crews Bank & Trust purchased a new stake in General Motors in the fourth quarter valued at approximately $26,000. Compass Planning Associates Inc purchased a new stake in General Motors in the fourth quarter valued at approximately $27,000. Duncker Streett & Co. Inc. raised its stake in 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. raised its stake in 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. Institutional investors own 92.67% of the company's stock.

General Motors Price Performance

Shares of GM traded down $0.01 during mid-day trading on Thursday, hitting $48.12. 2,916,828 shares of the stock were exchanged, compared to its average volume of 13,263,559. The company has a market cap of $46.26 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24. The firm has a 50-day moving average of $46.92 and a two-hundred day moving average of $49.80. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13.

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, beating the consensus estimate of $2.63 by $0.15. The firm had revenue of $44.02 billion for the quarter, compared to the consensus estimate of $42.64 billion. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.62 EPS. On average, equities analysts predict that General Motors will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, June 6th. This represents a $0.60 annualized dividend and a dividend yield of 1.25%. This is an increase from General Motors's previous quarterly dividend of $0.12. General Motors's payout ratio is currently 8.65%.

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

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wedbush reduced their price target on shares of General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Royal Bank of Canada increased their price target on shares of General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Piper Sandler reiterated a "neutral" rating and set a $48.00 price target (up from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Citigroup assumed coverage on shares of General Motors in a research report on Wednesday, April 23rd. They set a "buy" rating and a $62.00 price target on the stock. Finally, The Goldman Sachs Group reduced 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 report on Thursday, April 10th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.