Nilsine Partners LLC Buys Shares of 23,819 General Motors (NYSE:GM)

Nilsine Partners LLC bought a new stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 23,819 shares of the auto manufacturer's stock, valued at approximately $1,080,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Unison Advisors LLC increased its holdings in shares of General Motors by 0.4% in the first quarter. Unison Advisors LLC now owns 67,196 shares of the auto manufacturer's stock worth $3,047,000 after purchasing an additional 246 shares during the period. Janiczek Wealth Management LLC grew its position in General Motors by 5.2% in the first quarter. Janiczek Wealth Management LLC now owns 5,063 shares of the auto manufacturer's stock worth $230,000 after acquiring an additional 248 shares in the last quarter. FinTrust Capital Advisors LLC grew its position in General Motors by 2.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 11,113 shares of the auto manufacturer's stock worth $399,000 after acquiring an additional 268 shares in the last quarter. Summit Financial LLC grew its position in General Motors by 4.3% in the fourth quarter. Summit Financial LLC now owns 6,662 shares of the auto manufacturer's stock worth $239,000 after acquiring an additional 273 shares in the last quarter. Finally, MV Capital Management Inc. grew its position in General Motors by 35.3% in the first quarter. MV Capital Management Inc. now owns 1,101 shares of the auto manufacturer's stock worth $50,000 after acquiring an additional 287 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

Insider Activity

In other news, CAO Christopher Hatto sold 3,500 shares of the firm's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the sale, the chief accounting officer now directly owns 12,007 shares in the company, valued at approximately $540,315. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the sale, the executive vice president now directly owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief accounting officer now owns 12,007 shares in the company, valued at $540,315. The disclosure for this sale can be found here. Insiders have sold 86,248 shares of company stock worth $3,614,078 in the last three months. Company insiders own 0.54% of the company's stock.

General Motors Stock Performance

GM stock traded up $0.22 on Friday, hitting $45.84. The company had a trading volume of 12,153,282 shares, compared to its average volume of 13,652,336. General Motors has a 12-month low of $26.30 and a 12-month high of $46.17. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 1.22. The stock's 50-day simple moving average is $42.27 and its 200 day simple moving average is $36.32. The stock has a market cap of $52.30 billion, a price-to-earnings ratio of 5.60, a P/E/G ratio of 0.52 and a beta of 1.51.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.60. The business had revenue of $43.01 billion for the quarter, compared to analysts' expectations of $41.09 billion. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The company's revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.21 EPS. As a group, equities research analysts expect that General Motors will post 9.45 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.05%. General Motors's payout ratio is 5.87%.

Analyst Ratings Changes

GM has been the subject of a number of analyst reports. Mizuho increased their target price on shares of General Motors from $48.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday. Citigroup increased their target price on shares of General Motors from $95.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday. Wells Fargo & Company increased their target price on shares of General Motors from $28.00 to $30.00 and gave the stock an "underweight" rating in a report on Wednesday. Royal Bank of Canada increased their target price on shares of General Motors from $54.00 to $56.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, The Goldman Sachs Group increased their price target on shares of General Motors from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $54.65.

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.

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