Tandem Capital Management Corp ADV Has $1.84 Million Stock Holdings in General Motors (NYSE:GM)

Tandem Capital Management Corp ADV trimmed its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 3.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 51,267 shares of the auto manufacturer’s stock after selling 2,060 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in General Motors were worth $1,842,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Arkadios Wealth Advisors bought a new stake in General Motors during the third quarter worth $249,000. Impact Partnership Wealth LLC boosted its stake in General Motors by 53.8% in the third quarter. Impact Partnership Wealth LLC now owns 1,649 shares of the auto manufacturer’s stock valued at $54,000 after buying an additional 577 shares in the last quarter. Founders Financial Securities LLC grew its position in General Motors by 6.6% in the third quarter. Founders Financial Securities LLC now owns 14,472 shares of the auto manufacturer’s stock valued at $477,000 after acquiring an additional 890 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in General Motors by 11,739.1% during the third quarter. Exchange Traded Concepts LLC now owns 212,631 shares of the auto manufacturer’s stock worth $7,010,000 after acquiring an additional 210,835 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of General Motors in the third quarter worth about $122,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Julian G. Blissett sold 13,826 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the sale, the executive vice president now owns 87,567 shares of the company’s stock, valued at $3,348,562.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Julian G. Blissett sold 13,826 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the sale, the executive vice president now directly owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Christopher Hatto sold 15,510 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $40.02, for a total value of $620,710.20. Following the completion of the transaction, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at $860,710.14. 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 in the last quarter. Insiders own 0.54% of the company’s stock.

General Motors Stock Performance

Shares of GM traded up $0.54 during mid-day trading on Thursday, reaching $45.62. The company had a trading volume of 14,513,333 shares, compared to its average volume of 17,521,344. The stock has a market capitalization of $52.67 billion, a P/E ratio of 5.58, a PEG ratio of 0.53 and a beta of 1.51. General Motors has a 52-week low of $26.30 and a 52-week high of $46.04. The stock has a 50 day moving average of $42.13 and a two-hundred day moving average of $36.19. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 1.22.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.60. The business had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.21 EPS. On average, analysts expect that General Motors will post 9.26 earnings per share for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.05%. General Motors’s payout ratio is 5.87%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of General Motors from $44.00 to $50.00 and gave the company a “hold” rating in a research note on Tuesday. Barclays raised their price objective on General Motors from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Sanford C. Bernstein began coverage on General Motors in a report on Thursday. They issued an “outperform” rating and a $55.00 target price for the company. TheStreet upgraded General Motors from a “c+” rating to a “b-” rating in a research report on Tuesday, March 19th. Finally, Citigroup boosted their price target on General Motors from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and an average price target of $54.38.

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.