Nebula Research & Development LLC Purchases 42,145 Shares of General Motors (NYSE:GM)

Nebula Research & Development LLC grew its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 151.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 70,035 shares of the auto manufacturer's stock after purchasing an additional 42,145 shares during the quarter. General Motors makes up about 0.4% of Nebula Research & Development LLC's investment portfolio, making the stock its 17th biggest position. Nebula Research & Development LLC's holdings in General Motors were worth $3,731,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Golden State Wealth Management LLC purchased a new position in shares of General Motors in the 4th quarter worth $25,000. Crews Bank & Trust purchased a new position in shares of General Motors in the 4th quarter worth $26,000. Compass Planning Associates Inc purchased a new position in shares of General Motors in the 4th quarter worth $27,000. Duncker Streett & Co. Inc. raised its position in shares of General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after buying an additional 498 shares during the period. Finally, Whittier Trust Co. raised its position in shares of General Motors by 551.9% in the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after buying an additional 425 shares during the period. Hedge funds and other institutional investors own 92.67% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. TD Cowen assumed coverage on General Motors in a research report on Friday, March 7th. They issued a "buy" rating and a $105.00 price objective on the stock. The Goldman Sachs Group decreased their target price on General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Cowen started coverage on General Motors in a research note on Thursday, March 6th. They issued a "buy" rating for the company. Wells Fargo & Company reissued an "underweight" rating on shares of General Motors in a research note on Monday, February 3rd. Finally, Barclays downgraded General Motors from an "overweight" rating to a "negative" rating in a research note on Tuesday, April 15th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $54.83.

General Motors Price Performance

Shares of GM stock traded down $2.03 during mid-day trading on Wednesday, reaching $44.91. The company's stock had a trading volume of 8,459,446 shares, compared to its average volume of 13,947,208. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The company has a market cap of $43.40 billion, a P/E ratio of 7.30, a PEG ratio of 0.67 and a beta of 1.27. 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 firm's 50-day moving average is $46.84 and its two-hundred day moving average is $50.31.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, beating 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 company had revenue of $44.02 billion during the quarter, compared to analysts' expectations of $42.64 billion. During the same quarter in the prior year, the company posted $2.62 EPS. The business's revenue was up 2.3% on a year-over-year basis. On average, research analysts predict that General Motors will post 11.44 earnings per share for the current year.

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 given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from General Motors's previous quarterly dividend of $0.12. General Motors's dividend payout ratio is currently 7.80%.

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

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was acquired at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the transaction, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.72% of the stock is owned by corporate insiders.

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.