3,843 Shares in General Motors (NYSE:GM) Acquired by ARS Wealth Advisors Group LLC

ARS Wealth Advisors Group LLC purchased a new stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the fourth quarter, Holdings Channel.com reports. The firm purchased 3,843 shares of the auto manufacturer’s stock, valued at approximately $205,000.

Several other large investors have also recently made changes to their positions in GM. Strategic Investment Solutions Inc. IL purchased a new stake in General Motors during the 2nd quarter valued at $25,000. Catalyst Capital Advisors LLC bought a new position in shares of General Motors during the third quarter valued at about $27,000. Truvestments Capital LLC bought a new position in shares of General Motors during the third quarter valued at about $27,000. Eastern Bank purchased a new stake in shares of General Motors during the third quarter worth about $34,000. Finally, Fairscale Capital LLC bought a new stake in shares of General Motors in the second quarter worth about $36,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Performance

NYSE GM opened at $51.65 on Thursday. General Motors has a fifty-two week low of $34.32 and a fifty-two week high of $61.24. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. The firm has a market capitalization of $56.79 billion, a P/E ratio of 5.51, a PEG ratio of 0.40 and a beta of 1.42. The stock has a 50-day simple moving average of $53.83 and a two-hundred day simple moving average of $49.56.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. The company had revenue of $48.76 billion for the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. General Motors’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.28 earnings per share. On average, equities analysts forecast that General Motors will post 10.35 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were given a $0.12 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.93%. General Motors’s dividend payout ratio is currently 5.12%.

Insider Activity

In related news, EVP Rory Harvey sold 9,307 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $54.01, for a total value of $502,671.07. Following the transaction, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at $459,787.13. This trade represents a 52.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total value of $27,028,923.92. Following the transaction, the chief executive officer now directly owns 694,548 shares in the company, valued at approximately $37,040,244.84. The trade was a 42.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,030,475 shares of company stock valued at $56,509,286. Company insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GM shares. UBS Group increased their price objective on General Motors from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Wedbush lifted their price target on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Hsbc Global Res lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company cut their target price on shares of General Motors from $38.00 to $35.00 and set an “underweight” rating on the stock in a research note on Monday, December 16th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, General Motors presently has an average rating of “Hold” and an average price target of $59.58.

General Motors Company 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.