Fullcircle Wealth LLC Sells 634 Shares of General Motors (NYSE:GM)

by · The Cerbat Gem

Fullcircle Wealth LLC lowered its position in General Motors (NYSE:GM – Free Report) (TSE:GMM.U) by 4.1% in the 4th quarter, HoldingsChannel reports. The fund owned 14,918 shares of the auto manufacturer’s stock after selling 634 shares during the period. Fullcircle Wealth LLC’s holdings in General Motors were worth $795,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in shares of General Motors in the fourth quarter worth about $25,000. Crews Bank & Trust bought a new position in General Motors in the 4th quarter valued at $26,000. Compass Planning Associates Inc purchased a new position in shares of General Motors during the 4th quarter valued at $27,000. Duncker Streett & Co. Inc. increased its holdings in shares of General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 498 shares during the period. Finally, Whittier Trust Co. boosted its stake in General Motors by 551.9% during the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 425 shares during the period. 92.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GM has been the topic of a number of research analyst reports. StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Piper Sandler lifted their target price on shares of General Motors from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft cut shares of General Motors from a “buy” rating to a “hold” rating and set a $43.00 price objective on the stock. in a research report on Monday, April 14th. Royal Bank of Canada increased their target price on General Motors from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Finally, TD Cowen initiated coverage on General Motors in a report on Friday, March 7th. They issued a “buy” rating and a $105.00 price objective for the company. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, General Motors presently has a consensus rating of “Hold” and a consensus price target of $54.28.

Check Out Our Latest Research Report on GM

General Motors Price Performance

Shares of General Motors stock opened at $45.49 on Thursday. The business has a 50 day moving average of $46.58 and a 200 day moving average of $50.15. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24. The company has a market cap of $43.95 billion, a PE ratio of 7.40, a P/E/G ratio of 0.67 and a beta of 1.36. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.15. The company had revenue of $44.02 billion for the quarter, compared to analysts’ expectations of $42.64 billion. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.62 earnings per share. As a group, equities research analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Friday, June 6th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, June 6th. This is a boost from General Motors’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 1.32%. General Motors’s dividend payout ratio is 8.65%.

General Motors declared that its board has authorized a stock buyback program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to buy up to 12.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

About General Motors

(Free Report)

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.

See Also

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