Tennessee Valley Asset Management Partners Takes $36,000 Position in General Motors (NYSE:GM)

Tennessee Valley Asset Management Partners bought a new stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 995 shares of the auto manufacturer’s stock, valued at approximately $36,000.

Other large investors have also recently made changes to their positions in the company. SouthState Corp raised its holdings in shares of General Motors by 173.8% in the third quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 485 shares in the last quarter. Highlander Capital Management LLC bought a new stake in shares of General Motors in the fourth quarter valued at about $27,000. BluePath Capital Management LLC bought a new stake in shares of General Motors in the third quarter valued at about $33,000. Venturi Wealth Management LLC raised its holdings in shares of General Motors by 74.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,229 shares of the auto manufacturer’s stock valued at $44,000 after acquiring an additional 525 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of General Motors by 135.3% in the fourth quarter. Blue Trust Inc. now owns 1,412 shares of the auto manufacturer’s stock valued at $47,000 after acquiring an additional 812 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Price Performance

Shares of GM stock opened at $45.10 on Wednesday. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $46.04. The firm has a market capitalization of $52.06 billion, a price-to-earnings ratio of 6.17, a PEG ratio of 0.50 and a beta of 1.51. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 1.08. The stock’s 50-day simple moving average is $41.86 and its 200-day simple moving average is $36.06.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. General Motors had a return on equity of 14.34% and a net margin of 5.89%. The business had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. During the same quarter in the previous year, the firm earned $2.21 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. As a group, equities analysts forecast that General Motors will post 9.12 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.06%. General Motors’s dividend payout ratio is currently 6.57%.

Insider Activity at General Motors

In related news, EVP Julian G. Blissett sold 13,826 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the sale, the executive vice president now owns 87,567 shares in the company, valued at $3,348,562.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other General Motors news, EVP Gerald Johnson sold 27,122 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $45.26, for a total value of $1,227,541.72. Following the sale, the executive vice president now owns 71,506 shares in the company, valued at approximately $3,236,361.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Julian G. Blissett sold 13,826 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the completion of the sale, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The disclosure for this sale can be found here. Insiders have sold a total of 86,248 shares of company stock worth $3,614,078 over the last quarter. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

GM has been the subject of several recent research reports. Wells Fargo & Company lifted their price objective on General Motors from $27.00 to $28.00 and gave the company an “underweight” rating in a report on Wednesday, January 31st. Barclays lifted their price objective on General Motors from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on General Motors from $44.00 to $50.00 and gave the company a “hold” rating in a report on Tuesday. Redburn Atlantic started coverage on shares of General Motors in a report on Wednesday, January 24th. They issued a “neutral” rating and a $40.00 target price for the company. Finally, The Goldman Sachs Group boosted their target price on shares of General Motors from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, General Motors has a consensus rating of “Moderate Buy” and a consensus target price of $52.52.

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.