First National Trust Co Purchases 410 Shares of General Motors (NYSE:GM)

First National Trust Co raised its position in General Motors (NYSE:GM) (TSE:GMM.U) by 2.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 16,498 shares of the auto manufacturer’s stock after acquiring an additional 410 shares during the period. First National Trust Co’s holdings in General Motors were worth $593,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in GM. Vanguard Group Inc. boosted its stake in shares of General Motors by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer’s stock worth $3,674,861,000 after acquiring an additional 1,580,681 shares during the period. Morgan Stanley boosted its holdings in shares of General Motors by 1.3% during the 3rd quarter. Morgan Stanley now owns 15,212,672 shares of the auto manufacturer’s stock worth $501,562,000 after buying an additional 201,080 shares during the period. Northern Trust Corp grew its stake in General Motors by 1.8% in the 3rd quarter. Northern Trust Corp now owns 13,196,412 shares of the auto manufacturer’s stock valued at $435,086,000 after buying an additional 237,359 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in General Motors by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,768,787 shares of the auto manufacturer’s stock worth $322,077,000 after acquiring an additional 197,750 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of General Motors by 1.8% during the fourth quarter. LSV Asset Management now owns 8,772,070 shares of the auto manufacturer’s stock worth $315,093,000 after acquiring an additional 154,200 shares during the period. 92.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Rory Harvey sold 5,100 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $43.04, for a total transaction of $219,504.00. Following the transaction, the executive vice president now owns 12,658 shares of the company’s stock, valued at approximately $544,800.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other General Motors news, EVP Gerald Johnson sold 27,122 shares of the company’s 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 owns 71,506 shares in the company, valued at $3,236,361.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Rory Harvey sold 5,100 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $43.04, for a total transaction of $219,504.00. Following the completion of the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at $544,800.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,248 shares of company stock worth $3,614,078. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GM shares. StockNews.com raised General Motors from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group raised their price target on shares of General Motors from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Piper Sandler increased their target price on shares of General Motors from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Tigress Financial boosted their price target 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. Finally, Mizuho raised their price objective on General Motors from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, General Motors currently has a consensus rating of “Moderate Buy” and an average target price of $54.65.

General Motors Trading Up 0.4 %

NYSE GM traded up $0.19 during mid-day trading on Friday, reaching $44.86. 10,046,006 shares of the stock were exchanged, compared to its average volume of 14,174,765. The stock has a market cap of $51.18 billion, a P/E ratio of 5.48, a P/E/G ratio of 0.53 and a beta of 1.49. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 0.97. General Motors has a one year low of $26.30 and a one year high of $46.17. The stock has a 50 day simple moving average of $42.84 and a 200-day simple moving average of $36.79.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.60. The company had revenue of $43.01 billion for the quarter, compared to the consensus estimate of $41.09 billion. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.21 EPS. On average, analysts anticipate that General Motors will post 9.44 EPS for the current year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, June 7th. General Motors’s dividend payout ratio is presently 5.87%.

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.