Duality Advisers LP Has $1.03 Million Position in General Motors (NYSE:GM)

Duality Advisers LP lessened its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 81.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 28,675 shares of the auto manufacturer’s stock after selling 123,129 shares during the quarter. Duality Advisers LP’s holdings in General Motors were worth $1,030,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Highlander Capital Management LLC acquired a new position in General Motors in the 4th quarter valued at $27,000. SouthState Corp grew its stake 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. Tennessee Valley Asset Management Partners bought a new position in General Motors during the fourth quarter worth about $36,000. BluePath Capital Management LLC acquired a new stake in General Motors in the 3rd quarter worth about $33,000. Finally, Venturi Wealth Management LLC raised its stake in General Motors by 74.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,229 shares of the auto manufacturer’s stock worth $44,000 after purchasing an additional 525 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

Analyst Ratings Changes

GM has been the topic of several recent research reports. Barclays raised their target price on shares of General Motors from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Redburn Atlantic initiated coverage on shares of General Motors in a research report on Wednesday, January 24th. They set a “neutral” rating and a $40.00 price objective for the company. TheStreet raised shares of General Motors from a “c+” rating to a “b-” rating in a report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of General Motors from $44.00 to $50.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, Wedbush lifted their price objective on shares of General Motors from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $52.52.

Insider Buying and Selling

In related news, EVP Rory Harvey sold 5,100 shares of General Motors stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $43.04, for a total value of $219,504.00. Following the completion of the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at approximately $544,800.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Gerald Johnson sold 27,122 shares of General Motors stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 71,506 shares in the company, valued at $3,236,361.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Rory Harvey sold 5,100 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $43.04, for a total value 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 approximately $544,800.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,248 shares of company stock valued at $3,614,078. 0.54% of the stock is owned by company insiders.

General Motors Stock Performance

Shares of GM opened at $45.10 on Wednesday. The stock has a 50 day moving average of $41.86 and a 200 day moving average of $36.06. The company has a market capitalization of $52.06 billion, a price-to-earnings ratio of 6.17, a PEG ratio of 0.51 and a beta of 1.51. General Motors has a 12 month low of $26.30 and a 12 month high of $46.04. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21.

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

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, June 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.06%. General Motors’s payout ratio is currently 6.57%.

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.