CVA Family Office LLC Purchases Shares of 1,355 General Motors (NYSE:GM)

CVA Family Office LLC acquired a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,355 shares of the auto manufacturer’s stock, valued at approximately $49,000.

Other institutional investors also recently modified their holdings of the company. Penserra Capital Management LLC raised its stake in shares of General Motors by 85.8% in the first quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock worth $26,000 after acquiring an additional 283 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new position in General Motors during the 2nd quarter worth $25,000. SouthState Corp boosted its position in General Motors by 173.8% in the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 485 shares during the last quarter. BluePath Capital Management LLC bought a new stake in shares of General Motors during the third quarter worth $33,000. Finally, VitalStone Financial LLC lifted its stake in shares of General Motors by 8,026.7% during the first quarter. VitalStone Financial LLC now owns 1,219 shares of the auto manufacturer’s stock valued at $71,000 after acquiring an additional 1,204 shares during the period. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

GM opened at $44.61 on Thursday. The business’s 50-day simple moving average is $39.08 and its 200 day simple moving average is $34.46. General Motors has a 52-week low of $26.30 and a 52-week high of $44.81. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 1.08. The firm has a market capitalization of $51.49 billion, a PE ratio of 6.10, a PEG ratio of 0.54 and a beta of 1.50.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. General Motors had a return on equity of 14.34% and a net margin of 5.89%. The company had revenue of $42.98 billion for the quarter, compared to analysts’ expectations of $38.81 billion. During the same quarter in the prior year, the business posted $2.12 EPS. The business’s revenue was down .3% compared to the same quarter last year. As a group, sell-side analysts expect that General Motors will post 9 earnings per share for the current fiscal year.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Friday, March 1st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is a positive change from General Motors’s previous quarterly dividend of $0.09. This represents a $0.48 annualized dividend and a dividend yield of 1.08%. General Motors’s payout ratio is currently 6.57%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GM. Barclays boosted their price objective on General Motors from $37.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. TheStreet raised shares of General Motors from a “c+” rating to a “b-” rating in a research note on Tuesday, March 19th. Wedbush boosted their price target on shares of General Motors from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Redburn Atlantic assumed coverage on General Motors in a research note on Wednesday, January 24th. They set a “neutral” rating and a $40.00 price objective on the stock. Finally, Tigress Financial boosted their target price on General Motors from $86.00 to $88.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.63.

Insider Activity

In other news, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Julian G. Blissett sold 13,826 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the transaction, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Rory Harvey sold 5,100 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $43.04, for a total transaction of $219,504.00. Following the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at $544,800.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,626 shares of company stock valued at $2,229,036. 0.54% of the stock is owned by company 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.