Lauterbach Financial Advisors LLC Acquires Shares of 3,820 General Motors (NYSE:GM)

Lauterbach Financial Advisors LLC bought a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, Holdings Channel.com reports. The fund bought 3,820 shares of the auto manufacturer’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GM. Golden State Wealth Management LLC bought a new stake in General Motors during the fourth quarter worth about $25,000. Crews Bank & Trust bought a new stake in shares of General Motors during the 4th quarter worth approximately $26,000. Truvestments Capital LLC acquired a new stake in shares of General Motors during the 3rd quarter worth approximately $27,000. Compass Planning Associates Inc bought a new position in General Motors in the fourth quarter valued at approximately $27,000. Finally, Duncker Streett & Co. Inc. raised its position in General Motors by 9,960.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 498 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GM. Mizuho raised their price objective on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Wells Fargo & Company reaffirmed an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and increased their price objective for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, TD Cowen assumed coverage on General Motors in a research note on Friday. They issued a “buy” rating and a $105.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $62.22.

Insider Activity

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of General Motors stock in a transaction dated Thursday, January 30th. The stock was bought at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the purchase, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This represents a 700.12 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is currently owned by company insiders.

General Motors Price Performance

GM stock opened at $47.39 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The company’s fifty day simple moving average is $49.70 and its 200 day simple moving average is $50.50. General Motors has a 12-month low of $38.94 and a 12-month high of $61.24. The firm has a market cap of $47.16 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 0.67 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. On average, analysts expect that General Motors will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

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

General Motors announced that its Board of Directors has approved a share buyback plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

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.