Silver Coast Investments LLC Buys Shares of 3,832 General Motors (NYSE:GM)

Silver Coast Investments LLC purchased a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,832 shares of the auto manufacturer’s stock, valued at approximately $204,000.

Other hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in General Motors during the fourth quarter valued at $25,000. Crews Bank & Trust bought a new position in shares of General Motors in the fourth quarter worth about $26,000. Catalyst Capital Advisors LLC purchased a new position in shares of General Motors during the 3rd quarter valued at about $27,000. Truvestments Capital LLC purchased a new stake in General Motors in the 3rd quarter worth approximately $27,000. Finally, Compass Planning Associates Inc bought a new stake in General Motors during the 4th quarter worth approximately $27,000. Institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

GM opened at $49.22 on Monday. The firm has a market capitalization of $48.97 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The business’s 50-day moving average is $50.34 and its two-hundred day moving average is $50.45. General Motors has a 1 year low of $38.94 and a 1 year high of $61.24. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping the consensus estimate 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 anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors declared that its board has initiated a stock repurchase plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 0.98%. General Motors’s dividend payout ratio (DPR) is 7.80%.

Insider Activity at General Motors

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were acquired at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the purchase, the director now owns 13,714 shares of the company’s stock, valued at $694,751.24. This trade represents a 700.12 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GM shares. Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. Mizuho raised their target price on shares of General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. HSBC cut shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a research report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and increased their price target for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $59.71.

About General Motors

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.