General Motors (NYSE:GM) Stake Boosted by Waverly Advisors LLC

Waverly Advisors LLC increased its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 71.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,166 shares of the auto manufacturer's stock after buying an additional 8,851 shares during the period. Waverly Advisors LLC's holdings in General Motors were worth $1,127,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in shares of General Motors in the 4th quarter worth about $25,000. Crews Bank & Trust purchased a new stake in shares of General Motors in the 4th quarter worth about $26,000. Measured Risk Portfolios Inc. purchased a new stake in shares of General Motors in the 4th quarter worth about $27,000. Compass Planning Associates Inc purchased a new position in General Motors in the 4th quarter valued at about $27,000. Finally, Whittier Trust Co. lifted its holdings in General Motors by 551.9% in the 4th 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 currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wells Fargo & Company restated an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. UBS Group reduced their target price on shares of General Motors from $51.00 to $50.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Mizuho upped their target price on shares of General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Cowen assumed coverage on shares of General Motors in a report on Thursday, March 6th. They issued a "buy" rating on the stock. Finally, BNP Paribas upgraded shares of General Motors to a "strong-buy" rating in a report on Monday, May 5th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $54.56.

General Motors Trading Up 0.7%

GM traded up $0.34 on Tuesday, reaching $49.03. 8,934,983 shares of the company's stock were exchanged, compared to its average volume of 13,325,462. The company's 50 day moving average is $46.96 and its 200-day moving average is $49.82. The company has a market cap of $47.14 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 0.67 and a beta of 1.36. General Motors has a twelve month low of $38.96 and a twelve month 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.

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

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.15 per share. This is a boost from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, June 6th. General Motors's dividend payout ratio is 8.65%.

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

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.