First National Trust Co Buys 410 Shares of General Motors (NYSE:GM)

First National Trust Co increased its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 2.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,498 shares of the auto manufacturer’s stock after buying an additional 410 shares during the period. First National Trust Co’s holdings in General Motors were worth $593,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC grew its holdings in shares of General Motors by 7.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 38,197 shares of the auto manufacturer’s stock valued at $1,372,000 after buying an additional 2,753 shares during the last quarter. LSV Asset Management lifted its position in General Motors by 1.8% in the 4th quarter. LSV Asset Management now owns 8,772,070 shares of the auto manufacturer’s stock valued at $315,093,000 after acquiring an additional 154,200 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of General Motors by 804.5% in the 4th 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. Summit Global Investments increased its holdings in shares of General Motors by 10.2% in the 4th quarter. Summit Global Investments now owns 12,020 shares of the auto manufacturer’s stock worth $432,000 after purchasing an additional 1,109 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in shares of General Motors by 1,232.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 96,077 shares of the auto manufacturer’s stock worth $3,451,000 after purchasing an additional 88,868 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

Insider Activity at General Motors

In related news, EVP Rory Harvey sold 5,100 shares of the stock in a transaction dated Thursday, March 21st. The shares were 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Christopher Hatto sold 3,500 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the transaction, the chief accounting officer now directly owns 12,007 shares in the company, valued at approximately $540,315. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rory Harvey sold 5,100 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 12,658 shares in the company, valued at $544,800.32. The disclosure for this sale can be found here. Insiders have sold a total of 86,248 shares of company stock valued at $3,614,078 over the last 90 days. 0.54% of the stock is owned by corporate insiders.

General Motors Price Performance

Shares of NYSE GM traded up $0.19 during mid-day trading on Friday, reaching $44.86. The company’s stock had a trading volume of 10,046,006 shares, compared to its average volume of 14,174,765. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 0.97. General Motors has a 52 week low of $26.30 and a 52 week high of $46.17. The stock has a fifty day moving average of $42.84 and a two-hundred day moving average of $36.79. The firm has a market capitalization of $51.18 billion, a PE ratio of 5.48, a P/E/G ratio of 0.53 and a beta of 1.49.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The business had revenue of $43.01 billion during the quarter, compared to analyst estimates of $41.09 billion. During the same period last year, the firm posted $2.21 EPS. The company’s revenue was up 7.6% on a year-over-year basis. As a group, sell-side analysts anticipate that General Motors will post 9.44 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, June 7th. General Motors’s dividend payout ratio is presently 5.87%.

Analyst Upgrades and Downgrades

GM has been the subject of several research analyst reports. Piper Sandler lifted their price objective on General Motors from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of General Motors from $44.00 to $50.00 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Wedbush increased their price objective on shares of General Motors from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group raised their target price on shares of General Motors from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, Sanford C. Bernstein initiated coverage on shares of General Motors in a research note on Thursday, April 25th. They set an “outperform” rating and a $55.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $54.65.

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.