J.W. Cole Advisors Inc. Lowers Stock Holdings in General Motors (NYSE:GM)

J.W. Cole Advisors Inc. trimmed its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,530 shares of the auto manufacturer’s stock after selling 892 shares during the period. J.W. Cole Advisors Inc.’s holdings in General Motors were worth $414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in GM. 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 period. Highlander Capital Management LLC purchased a new stake in shares of General Motors in the 4th quarter worth approximately $27,000. BluePath Capital Management LLC purchased a new stake in shares of General Motors in the 3rd quarter worth approximately $33,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of General Motors in the 4th quarter worth approximately $36,000. Finally, Venturi Wealth Management LLC lifted its position in shares of General Motors by 74.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,229 shares of the auto manufacturer’s stock worth $44,000 after purchasing an additional 525 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at General Motors

In related news, EVP Gerald Johnson sold 27,122 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the sale, the executive vice president now directly owns 71,506 shares of the company’s stock, valued at $3,236,361.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other General Motors news, CAO Christopher Hatto sold 15,510 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $40.02, for a total transaction of $620,710.20. Following the transaction, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at $860,710.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Gerald Johnson sold 27,122 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the transaction, the executive vice president now directly owns 71,506 shares in the company, valued at $3,236,361.56. The disclosure for this sale can be found here. Insiders have sold 86,248 shares of company stock worth $3,614,078 over the last 90 days. 0.54% of the stock is currently owned by company insiders.

General Motors Stock Up 4.4 %

NYSE:GM opened at $45.10 on Wednesday. The firm has a market capitalization of $52.06 billion, a P/E ratio of 6.17, a PEG ratio of 0.50 and a beta of 1.51. General Motors has a 1-year low of $26.30 and a 1-year high of $46.04. The company’s fifty day moving average price is $41.86 and its 200-day moving average price is $36.06. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 0.90.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. The firm had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.21 earnings per share. As a group, equities research analysts anticipate that General Motors will post 9.12 EPS for the current year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be paid a $0.12 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.06%. General Motors’s payout ratio is currently 6.57%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wedbush upped their price target on shares of General Motors from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Morgan Stanley upped their price target on shares of General Motors from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. TheStreet upgraded shares of General Motors from a “c+” rating to a “b-” rating in a research note on Tuesday, March 19th. Piper Sandler assumed coverage on shares of General Motors in a research note on Friday, March 15th. They set a “neutral” rating and a $44.00 price objective for the company. Finally, The Goldman Sachs Group boosted their price objective 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, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, General Motors currently has a consensus rating of “Moderate Buy” and an average target price of $52.52.

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.