Schear Investment Advisers LLC Sells 3,278 Shares of General Motors (NYSE:GM)

Schear Investment Advisers LLC cut its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 24.5% in the 4th quarter, HoldingsChannel reports. The fund owned 10,116 shares of the auto manufacturer’s stock after selling 3,278 shares during the period. Schear Investment Advisers LLC’s holdings in General Motors were worth $363,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Penserra Capital Management LLC lifted its stake in General Motors by 85.8% during the 1st quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock valued at $26,000 after acquiring an additional 283 shares in the last quarter. Highlander Capital Management LLC bought a new position in shares of General Motors during the fourth quarter valued at about $27,000. SouthState Corp boosted its holdings in General Motors by 173.8% during the third quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 485 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in General Motors in the 4th quarter worth about $36,000. Finally, BluePath Capital Management LLC purchased a new stake in General Motors in the 3rd quarter valued at about $33,000. Institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Mizuho boosted their target price on General Motors from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Wedbush upped their price objective on General Motors from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Royal Bank of Canada increased their price target on shares of General Motors from $52.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Barclays lifted their price objective on shares of General Motors from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Company boosted their target price on shares of General Motors from $27.00 to $28.00 and gave the company an “underweight” rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $51.57.

General Motors Price Performance

GM traded down $0.22 during trading on Friday, reaching $42.22. 9,041,397 shares of the company were exchanged, compared to its average volume of 17,301,852. General Motors has a 12-month low of $26.30 and a 12-month high of $46.04. The company’s 50-day moving average is $41.57 and its two-hundred day moving average is $35.73. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. The company has a market cap of $48.74 billion, a price-to-earnings ratio of 5.85, a P/E/G ratio of 0.52 and a beta of 1.51.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The firm had revenue of $42.98 billion for the quarter, compared to the consensus estimate of $38.81 billion. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.12 earnings per share. Research analysts forecast that General Motors will post 9.12 earnings per share for the current fiscal year.

General Motors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Friday, March 1st were given a dividend of $0.12 per share. This is a positive change from General Motors’s previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, February 29th. General Motors’s payout ratio is 6.57%.

Insider Transactions at General Motors

In other news, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief accounting officer now owns 12,007 shares in the company, valued at approximately $540,315. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CAO Christopher Hatto sold 3,500 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the sale, the chief accounting officer now owns 12,007 shares in the company, valued at approximately $540,315. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Rory Harvey sold 5,100 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $43.04, for a total transaction of $219,504.00. Following the completion of the transaction, the executive vice president now owns 12,658 shares of the company’s stock, valued at $544,800.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,248 shares of company stock valued at $3,614,078. 0.54% of the stock is currently owned by company insiders.

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.