General Motors (GM) Shares Bought by Alpha Windward LLC

Alpha Windward LLC grew its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 248.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,852 shares of the auto manufacturer’s stock after purchasing an additional 12,013 shares during the quarter. General Motors comprises 0.4% of Alpha Windward LLC’s portfolio, making the stock its 20th biggest holding. Alpha Windward LLC’s holdings in General Motors were worth $625,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GM. BerganKDV Wealth Management LLC boosted its holdings in General Motors by 21.0% during the fourth quarter. BerganKDV Wealth Management LLC now owns 1,726 shares of the auto manufacturer’s stock valued at $58,000 after purchasing an additional 300 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in General Motors by 0.4% during the first quarter. Louisiana State Employees Retirement System now owns 69,200 shares of the auto manufacturer’s stock valued at $2,567,000 after purchasing an additional 300 shares in the last quarter. Bessemer Group Inc. boosted its holdings in General Motors by 22.5% during the fourth quarter. Bessemer Group Inc. now owns 1,741 shares of the auto manufacturer’s stock valued at $59,000 after purchasing an additional 320 shares in the last quarter. Cornerstone Advisors Inc. boosted its holdings in General Motors by 63.0% during the fourth quarter. Cornerstone Advisors Inc. now owns 895 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 346 shares in the last quarter. Finally, Pekin Singer Strauss Asset Management IL boosted its holdings in General Motors by 1.7% during the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 20,958 shares of the auto manufacturer’s stock valued at $701,000 after purchasing an additional 350 shares in the last quarter. 77.58% of the stock is currently owned by institutional investors.

In other news, VP Christopher Hatto sold 8,499 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $40.00, for a total value of $339,960.00. Following the completion of the transaction, the vice president now owns 10,040 shares of the company’s stock, valued at approximately $401,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alan S. Batey sold 70,266 shares of the business’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $38.39, for a total transaction of $2,697,511.74. Following the completion of the transaction, the insider now directly owns 205,906 shares of the company’s stock, valued at approximately $7,904,731.34. The disclosure for this sale can be found here. Insiders sold a total of 113,521 shares of company stock valued at $4,337,346 in the last three months. 0.39% of the stock is owned by company insiders.

A number of research analysts have recently issued reports on GM shares. Barclays reiterated a “buy” rating and issued a $49.00 target price on shares of General Motors in a research note on Monday, January 14th. BMO Capital Markets upgraded shares of General Motors from a “market perform” rating to an “outperform” rating in a research note on Monday, January 7th. Citigroup lifted their target price on shares of General Motors to $67.00 and gave the company a “buy” rating in a research note on Friday, February 8th. Buckingham Research set a $34.00 target price on shares of General Motors and gave the company a “hold” rating in a research note on Friday, January 11th. Finally, Royal Bank of Canada boosted their price objective on shares of General Motors from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, January 14th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $47.20.

Shares of GM stock traded up $0.25 on Tuesday, hitting $39.82. The stock had a trading volume of 197,907 shares, compared to its average volume of 7,164,219. General Motors has a twelve month low of $30.56 and a twelve month high of $45.00. The firm has a market capitalization of $55.77 billion, a price-to-earnings ratio of 6.08, a price-to-earnings-growth ratio of 0.69 and a beta of 1.27. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.71.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Wednesday, February 6th. The auto manufacturer reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.22. General Motors had a net margin of 5.45% and a return on equity of 23.99%. The company had revenue of $38.40 billion during the quarter, compared to analyst estimates of $36.31 billion. During the same quarter in the previous year, the business earned $1.65 EPS. The firm’s revenue was up 1.8% on a year-over-year basis. Research analysts expect that General Motors will post 6.48 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Thursday, March 7th. General Motors’s dividend payout ratio (DPR) is 23.24%.

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About General Motors

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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