General Motors (NYSE:GM) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its position in General Motors (NYSE:GM) (TSE:GMM.U) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,509 shares of the auto manufacturer’s stock after purchasing an additional 2,449 shares during the period. Apollon Wealth Management LLC’s holdings in General Motors were worth $1,039,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of General Motors during the 4th quarter valued at approximately $25,000. Crews Bank & Trust acquired a new position in shares of General Motors during the 4th quarter worth approximately $26,000. Catalyst Capital Advisors LLC acquired a new position in shares of General Motors during the 3rd quarter worth approximately $27,000. Truvestments Capital LLC acquired a new position in shares of General Motors during the 3rd quarter worth approximately $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of General Motors during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wedbush lifted their price objective on General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their target price on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and lifted their target price for the stock from $56.00 to $60.00 in a research note on Tuesday, January 21st. UBS Group lifted their target price on shares of General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, Wells Fargo & Company lifted their target price on shares of General Motors from $35.00 to $37.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $61.28.

General Motors Stock Performance

NYSE:GM opened at $46.69 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $46.46 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 0.68 and a beta of 1.40. The firm’s fifty day simple moving average is $51.63 and its 200 day simple moving average is $49.96. General Motors has a twelve month low of $37.83 and a twelve month high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. As a group, equities research analysts expect that General Motors will post 11.28 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be issued a $0.12 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.03%. General Motors’s dividend payout ratio is currently 7.80%.

Insiders Place Their Bets

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were purchased at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the acquisition, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. This represents a 700.12 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the completion of the transaction, the executive vice president now owns 8,513 shares in the company, valued at $510,865.13. This represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

General Motors Company 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.