Capital Advisors Inc. OK Buys 7,377 Shares of General Motors (NYSE:GM)

Capital Advisors Inc. OK lifted its position in shares of General Motors (NYSE:GMGet Rating) (TSE:GMM.U) by 1.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 618,329 shares of the auto manufacturer’s stock after buying an additional 7,377 shares during the period. Capital Advisors Inc. OK’s holdings in General Motors were worth $27,046,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. bought a new position in shares of General Motors during the first quarter valued at about $26,000. FSB Premier Wealth Management Inc. bought a new position in General Motors during the 4th quarter valued at approximately $28,000. Sandy Cove Advisors LLC purchased a new stake in General Motors in the 4th quarter worth approximately $30,000. Tyler Stone Wealth Management bought a new stake in shares of General Motors in the 4th quarter worth approximately $34,000. Finally, MV Capital Management Inc. increased its stake in shares of General Motors by 80.6% during the fourth quarter. MV Capital Management Inc. now owns 614 shares of the auto manufacturer’s stock valued at $36,000 after buying an additional 274 shares during the period. 82.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GM has been the topic of a number of research analyst reports. Barclays reissued a “buy” rating and set a $52.00 price objective on shares of General Motors in a research report on Friday, July 1st. Citigroup lowered their target price on General Motors from $98.00 to $87.00 in a research note on Wednesday, June 1st. Wells Fargo & Company decreased their price objective on General Motors from $33.00 to $29.00 and set an “underweight” rating for the company in a report on Monday, July 11th. Daiwa Capital Markets dropped their target price on shares of General Motors to $35.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, BNP Paribas initiated coverage on shares of General Motors in a research note on Monday, April 11th. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, General Motors has a consensus rating of “Moderate Buy” and an average price target of $54.35.

General Motors Stock Performance

Shares of GM traded up $0.91 during mid-day trading on Thursday, hitting $35.59. 349,485 shares of the company traded hands, compared to its average volume of 18,384,553. The stock has a market cap of $51.90 billion, a price-to-earnings ratio of 5.75, a P/E/G ratio of 0.51 and a beta of 1.25. The stock has a 50-day moving average price of $34.40 and a two-hundred day moving average price of $41.65. General Motors has a 1 year low of $30.33 and a 1 year high of $67.21. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.93 and a current ratio of 1.11.

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, July 26th. The auto manufacturer reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.42). The firm had revenue of $35.76 billion during the quarter, compared to analysts’ expectations of $34.35 billion. General Motors had a return on equity of 16.37% and a net margin of 7.61%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $1.97 earnings per share. Equities analysts anticipate that General Motors will post 6.81 earnings per share for the current year.

Insider Buying and Selling at General Motors

In related news, EVP Stephen K. Carlisle sold 25,645 shares of the firm’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $39.04, for a total value of $1,001,180.80. Following the transaction, the executive vice president now owns 64,170 shares of the company’s stock, valued at $2,505,196.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.

About General Motors

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General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts and accessories in North America, the Asia Pacific, the Middle East, Africa, South America, the United States, and China. The company operates through GM North America, GM International, Cruise, and GM Financial segments.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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