Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Purchases Shares of 7,389 General Motors (NYSE:GM)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 7,389 shares of the auto manufacturer’s stock, valued at approximately $394,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GM. Golden State Wealth Management LLC acquired a new stake in shares of General Motors in the 4th quarter worth approximately $25,000. Crews Bank & Trust bought a new stake in General Motors during the fourth quarter worth approximately $26,000. Catalyst Capital Advisors LLC acquired a new stake in General Motors in the third quarter worth approximately $27,000. Truvestments Capital LLC bought a new position in General Motors during the 3rd quarter valued at $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of General Motors during the 4th quarter valued at $28,000. 92.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other General Motors news, EVP Craig B. Glidden sold 383,142 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the sale, the executive vice president now owns 122,465 shares of the company’s stock, valued at $6,935,192.95. This represents a 75.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rory Harvey sold 8,919 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares in the company, valued at approximately $510,865.13. This trade represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

General Motors Stock Performance

Shares of GM opened at $47.35 on Monday. The company has a market capitalization of $47.12 billion, a PE ratio of 7.70, a PEG ratio of 0.68 and a beta of 1.40. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The company’s 50 day moving average price is $51.80 and its 200 day moving average price is $49.92. General Motors has a 52 week low of $37.83 and a 52 week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Research analysts expect that General Motors will post 11.28 EPS for the current fiscal year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.01%. General Motors’s dividend payout ratio is 7.80%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GM shares. Wells Fargo & Company raised their target price on General Motors from $35.00 to $37.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Sanford C. Bernstein raised their price objective on shares of General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Mizuho boosted their target price on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Barclays raised their target price on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Wedbush upped their price target on General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $61.28.

General Motors 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.