Murphy & Mullick Capital Management Corp Invests $46,000 in General Motors (NYSE:GM)

Murphy & Mullick Capital Management Corp purchased a new stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 872 shares of the auto manufacturer’s stock, valued at approximately $46,000.

Several other institutional investors and hedge funds also recently bought and sold shares of GM. Golden State Wealth Management LLC bought a new stake in General Motors during the 4th quarter valued at $25,000. Crews Bank & Trust bought a new stake in shares of General Motors during the 4th quarter valued at $26,000. Truvestments Capital LLC bought a new stake in shares of General Motors during the 3rd quarter valued at $27,000. Compass Planning Associates Inc bought a new position in General Motors in the 4th quarter worth about $27,000. Finally, Duncker Streett & Co. Inc. grew its holdings in General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 498 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. TD Cowen assumed coverage on shares of General Motors in a report on Friday, March 7th. They issued a “buy” rating and a $105.00 price target on the stock. Cowen initiated coverage on shares of General Motors in a report on Thursday, March 6th. They issued a “buy” rating for the company. UBS Group reaffirmed a “buy” rating on shares of General Motors in a report on Monday, February 3rd. Hsbc Global Res lowered General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. decreased their target price on General Motors from $64.00 to $53.00 and set an “overweight” rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, General Motors presently has a consensus rating of “Hold” and a consensus price target of $62.11.

Insider Activity

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were bought at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.72% of the company’s stock.

General Motors Price Performance

Shares of NYSE:GM opened at $47.24 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The stock has a market cap of $47.00 billion, a PE ratio of 7.68, a PEG ratio of 0.67 and a beta of 1.42. The company’s fifty day moving average is $48.97 and its 200 day moving average is $50.53. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. Research analysts anticipate that General Motors will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 1.02%. General Motors’s payout ratio is currently 7.80%.

General Motors announced that its board has authorized a stock repurchase program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

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.