Stamos Capital Partners L.P. Has $1.50 Million Stock Holdings in General Motors (NYSE:GM)

Stamos Capital Partners L.P. trimmed its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 41.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,160 shares of the auto manufacturer's stock after selling 20,230 shares during the period. Stamos Capital Partners L.P.'s holdings in General Motors were worth $1,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of General Motors by 19.7% in the fourth quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock worth $488,000 after buying an additional 1,510 shares during the last quarter. SYM FINANCIAL Corp acquired a new position in General Motors during the 4th quarter worth about $474,000. Asset Management One Co. Ltd. lifted its position in shares of General Motors by 9.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer's stock worth $25,178,000 after purchasing an additional 39,474 shares in the last quarter. Avantra Family Wealth Inc. bought a new position in General Motors in the 4th quarter valued at $1,044,000. Finally, Handelsbanken Fonder AB raised its holdings in General Motors by 10.9% during the 4th quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer's stock worth $10,763,000 after purchasing an additional 19,924 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

Wall Street Analyst Weigh In

GM has been the topic of several recent research reports. TD Cowen began coverage on General Motors in a research report on Friday, March 7th. They issued a "buy" rating and a $105.00 price target on the stock. Wells Fargo & Company reiterated an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. The Goldman Sachs Group cut 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. Piper Sandler upped their price objective on General Motors from $45.00 to $48.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Finally, Mizuho cut their price objective on shares of General Motors from $63.00 to $55.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $56.72.

General Motors Stock Performance

Shares of GM stock traded up $0.33 during mid-day trading on Friday, hitting $44.55. The stock had a trading volume of 11,706,110 shares, compared to its average volume of 13,563,096. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a fifty-two week low of $38.96 and a fifty-two week high of $61.24. The firm has a market cap of $44.32 billion, a PE ratio of 7.24, a PEG ratio of 0.67 and a beta of 1.27. The company's 50-day simple moving average is $47.14 and its 200-day simple moving average is $50.29.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Sell-side analysts anticipate that General Motors will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Friday, March 7th. General Motors's payout ratio is 7.80%.

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

Insider Buying and Selling at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were bought at an average price of $50.66 per share, with a total value of $607,920.00. Following the completion of the acquisition, the director now owns 13,714 shares in the company, valued at approximately $694,751.24. This represents a 700.12 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

General Motors 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.