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

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,389 shares of the auto manufacturer’s stock, valued at approximately $394,000.

A number of other institutional investors have also modified their holdings of GM. Empowered Funds LLC lifted its position in General Motors by 1,043.8% during the fourth quarter. Empowered Funds LLC now owns 299,814 shares of the auto manufacturer’s stock worth $15,971,000 after buying an additional 273,601 shares during the period. Apollon Wealth Management LLC increased its stake in shares of General Motors by 14.4% during the 4th quarter. Apollon Wealth Management LLC now owns 19,509 shares of the auto manufacturer’s stock valued at $1,039,000 after acquiring an additional 2,449 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of General Motors during the 4th quarter worth about $25,000. Tobam acquired a new stake in shares of General Motors in the fourth quarter worth approximately $56,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in General Motors by 0.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,395 shares of the auto manufacturer’s stock valued at $7,798,000 after purchasing an additional 1,336 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Trading Down 1.2 %

Shares of GM opened at $47.35 on Monday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. General Motors has a one year low of $37.83 and a one year high of $61.24. The stock has a 50-day moving average price of $51.80 and a 200 day moving average price of $49.92. The company has a market capitalization of $47.12 billion, a P/E ratio of 7.70, a P/E/G ratio of 0.68 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last released 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%. Sell-side analysts forecast that General Motors will post 11.28 EPS for the current fiscal year.

General Motors Announces Dividend

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

Insider Transactions at General Motors

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GM shares. Hsbc Global Res downgraded shares of General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Mizuho lifted their target price on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and upped their price target for the stock from $56.00 to $60.00 in a research note on Tuesday, January 21st. StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, HSBC downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $61.28.

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.