General Motors Company $GM Stock Position Increased by Venture Visionary Partners LLC

Venture Visionary Partners LLC boosted its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 52.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,067 shares of the auto manufacturer’s stock after purchasing an additional 11,427 shares during the quarter. Venture Visionary Partners LLC’s holdings in General Motors were worth $1,555,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Measured Risk Portfolios Inc. bought a new stake in General Motors in the 4th quarter valued at about $27,000. Transce3nd LLC bought a new stake in shares of General Motors during the 4th quarter worth about $34,000. Costello Asset Management INC bought a new stake in shares of General Motors during the 1st quarter worth about $32,000. Ossiam bought a new stake in shares of General Motors during the 4th quarter worth about $44,000. Finally, North Capital Inc. bought a new stake in shares of General Motors during the 1st quarter worth about $40,000. 92.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on GM. Royal Bank Of Canada restated an “outperform” rating on shares of General Motors in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on shares of General Motors from $56.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. The Goldman Sachs Group restated a “buy” rating on shares of General Motors in a research report on Friday, July 11th. BNP Paribas upgraded shares of General Motors to a “strong-buy” rating in a research report on Monday, May 5th. Finally, Barclays boosted their price target on shares of General Motors from $45.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, General Motors presently has a consensus rating of “Hold” and an average price target of $58.05.

General Motors Stock Up 1.4%

NYSE GM opened at $57.0160 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The company’s 50 day simple moving average is $52.03 and its 200 day simple moving average is $49.01. General Motors Company has a 12 month low of $41.60 and a 12 month high of $61.24. The company has a market capitalization of $54.28 billion, a P/E ratio of 9.05, a PEG ratio of 1.19 and a beta of 1.36.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The business had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. During the same period in the previous year, the firm earned $3.06 EPS. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities research analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 5th. General Motors’s dividend payout ratio (DPR) is 9.52%.

Insider Activity at General Motors

In other news, CAO Christopher Hatto sold 36,804 shares of General Motors stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total value of $2,027,900.40. Following the transaction, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at $661,585.70. This trade represents a 75.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Rory Harvey sold 23,977 shares of General Motors stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the completion of the transaction, the executive vice president directly owned 8,513 shares in the company, valued at approximately $451,274.13. This trade represents a 73.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

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.