Callan Capital LLC Invests $204,000 in General Motors (NYSE:GM)

Callan Capital LLC bought a new position in General Motors (NYSE:GM) (TSE:GMM.U) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,508 shares of the auto manufacturer’s stock, valued at approximately $204,000.

A number of other hedge funds have also modified their holdings of GM. Unison Advisors LLC grew its position in General Motors by 0.4% during the 1st quarter. Unison Advisors LLC now owns 67,196 shares of the auto manufacturer’s stock worth $3,047,000 after acquiring an additional 246 shares during the last quarter. Janiczek Wealth Management LLC grew its position in General Motors by 5.2% during the 1st quarter. Janiczek Wealth Management LLC now owns 5,063 shares of the auto manufacturer’s stock worth $230,000 after acquiring an additional 248 shares during the last quarter. SkyOak Wealth LLC grew its position in General Motors by 3.0% during the 1st quarter. SkyOak Wealth LLC now owns 8,727 shares of the auto manufacturer’s stock worth $396,000 after acquiring an additional 252 shares during the last quarter. Turtle Creek Wealth Advisors LLC grew its position in General Motors by 2.2% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 12,013 shares of the auto manufacturer’s stock worth $545,000 after acquiring an additional 258 shares during the last quarter. Finally, Heritage Investors Management Corp grew its position in General Motors by 0.6% during the 1st quarter. Heritage Investors Management Corp now owns 47,672 shares of the auto manufacturer’s stock worth $2,162,000 after acquiring an additional 265 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Motors

In other news, CEO Mary T. Barra sold 626,316 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $43.46, for a total value of $27,219,693.36. Following the completion of the transaction, the chief executive officer now owns 1,198,648 shares in the company, valued at approximately $52,093,242.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, President Mark L. Reuss sold 14,858 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $46.01, for a total value of $683,616.58. Following the completion of the transaction, the president now owns 162,049 shares in the company, valued at approximately $7,455,874.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mary T. Barra sold 626,316 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $43.46, for a total value of $27,219,693.36. Following the completion of the transaction, the chief executive officer now owns 1,198,648 shares of the company’s stock, valued at approximately $52,093,242.08. The disclosure for this sale can be found here. Insiders have sold 1,152,621 shares of company stock valued at $51,818,111 in the last 90 days. 0.72% of the stock is currently owned by company insiders.

General Motors Trading Up 0.6 %

General Motors stock traded up $0.27 during mid-day trading on Wednesday, hitting $46.53. 6,709,729 shares of the company’s stock were exchanged, compared to its average volume of 15,827,504. The firm has a market capitalization of $53.09 billion, a P/E ratio of 5.68, a PEG ratio of 0.49 and a beta of 1.43. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $49.35. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. The company’s 50 day simple moving average is $45.82 and its 200-day simple moving average is $41.98.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.60. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The firm had revenue of $43.01 billion for the quarter, compared to the consensus estimate of $41.09 billion. During the same quarter last year, the business posted $2.21 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts anticipate that General Motors will post 9.43 earnings per share for the current year.

General Motors declared that its board has approved a share repurchase program on Tuesday, June 11th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to reacquire up to 10.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, June 7th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Friday, June 7th. General Motors’s dividend payout ratio is 5.87%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GM shares. Wedbush increased their price target on General Motors from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Morgan Stanley increased their price objective on General Motors from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Barclays increased their price objective on General Motors from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. StockNews.com upgraded General Motors from a “hold” rating to a “buy” rating in a research report on Saturday, June 1st. Finally, Wells Fargo & Company increased their price objective on General Motors from $30.00 to $32.00 and gave the company an “underweight” rating in a research report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.96.

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.