Claro Advisors LLC Has $379,000 Holdings in General Motors (NYSE:GM)

Claro Advisors LLC lifted its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 13.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,153 shares of the auto manufacturer’s stock after acquiring an additional 969 shares during the period. Claro Advisors LLC’s holdings in General Motors were worth $379,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GM. Los Angeles Capital Management LLC raised its position in General Motors by 1,232.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 96,077 shares of the auto manufacturer’s stock valued at $3,451,000 after buying an additional 88,868 shares during the last quarter. Summit Global Investments raised its holdings in shares of General Motors by 10.2% in the fourth quarter. Summit Global Investments now owns 12,020 shares of the auto manufacturer’s stock valued at $432,000 after purchasing an additional 1,109 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of General Motors by 804.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 5,834 shares of the auto manufacturer’s stock worth $209,000 after purchasing an additional 5,189 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings in General Motors by 7.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 38,197 shares of the auto manufacturer’s stock worth $1,372,000 after purchasing an additional 2,753 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new position in General Motors in the fourth quarter valued at $113,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other General Motors news, EVP Rory Harvey sold 12,795 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at approximately $417,307.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Mary T. Barra sold 326,305 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $48.33, for a total transaction of $15,770,320.65. Following the sale, the chief executive officer now directly owns 898,648 shares of the company’s stock, valued at approximately $43,431,657.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Rory Harvey sold 12,795 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the transaction, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at approximately $417,307.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 391,402 shares of company stock valued at $18,818,536. 0.72% of the stock is owned by company insiders.

General Motors Trading Up 0.6 %

Shares of GM stock opened at $49.78 on Tuesday. General Motors has a 12-month low of $26.30 and a 12-month high of $50.50. The company has a market capitalization of $55.95 billion, a PE ratio of 6.09, a price-to-earnings-growth ratio of 0.50 and a beta of 1.43. The firm has a 50 day moving average price of $46.11 and a two-hundred day moving average price of $44.57. The company has a quick ratio of 0.99, a current ratio of 1.18 and a debt-to-equity ratio of 1.23.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, July 23rd. The auto manufacturer reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.39. General Motors had a return on equity of 15.77% and a net margin of 6.22%. The business had revenue of $47.97 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same period last year, the firm posted $1.91 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, analysts predict that General Motors will post 9.94 earnings per share for the current year.

General Motors declared that its Board of Directors has approved a stock repurchase plan on Tuesday, June 11th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to purchase up to 10.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, September 6th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, September 6th. General Motors’s dividend payout ratio is 5.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GM shares. Nomura Securities raised shares of General Motors to a “strong sell” rating in a research report on Monday, August 5th. Wells Fargo & Company upped their target price on General Motors from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Wednesday, July 24th. Bank of America restated a “buy” rating and issued a $75.00 price target on shares of General Motors in a research note on Wednesday, June 12th. StockNews.com cut General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. increased their price objective on General Motors from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, General Motors has a consensus rating of “Moderate Buy” and an average price target of $55.17.

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.