Evergreen Capital Management LLC Sells 333 Shares of General Motors Company $GM

Evergreen Capital Management LLC cut its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,963 shares of the auto manufacturer’s stock after selling 333 shares during the quarter. Evergreen Capital Management LLC’s holdings in General Motors were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GM. Vanguard Group Inc. grew its holdings in General Motors by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer’s stock worth $4,672,023,000 after acquiring an additional 6,395,375 shares during the last quarter. Nuveen LLC bought a new stake in General Motors during the 1st quarter worth approximately $175,889,000. Assenagon Asset Management S.A. grew its holdings in General Motors by 305.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,858,959 shares of the auto manufacturer’s stock worth $134,457,000 after acquiring an additional 2,154,037 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in General Motors by 17.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer’s stock worth $603,048,000 after acquiring an additional 1,910,186 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in General Motors during the 1st quarter worth approximately $86,900,000. 92.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. CLSA raised shares of General Motors to a “moderate buy” rating in a report on Monday, July 7th. The Goldman Sachs Group reissued a “buy” rating on shares of General Motors in a report on Friday, July 11th. UBS Group boosted their price target on shares of General Motors from $50.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Wells Fargo & Company boosted their price target on shares of General Motors from $34.00 to $38.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 23rd. Finally, Sanford C. Bernstein set a $36.00 price target on shares of General Motors in a research report on Monday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, General Motors currently has an average rating of “Hold” and an average price target of $58.05.

Insider Buying and Selling

In related news, EVP Rory Harvey sold 23,977 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the transaction, the executive vice president directly owned 8,513 shares of the company’s stock, valued at $451,274.13. This represents a 73.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mary T. Barra sold 907,024 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the transaction, the chief executive officer directly owned 552,238 shares in the company, valued at approximately $32,162,341.12. This represents a 62.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,311 shares of company stock valued at $62,095,433 over the last ninety days. 0.54% of the stock is owned by corporate insiders.

General Motors Stock Up 0.3%

Shares of NYSE GM opened at $58.64 on Monday. The company has a market capitalization of $55.83 billion, a P/E ratio of 9.31, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32. General Motors Company has a 52-week low of $41.60 and a 52-week high of $61.24. The company’s 50 day moving average price is $53.53 and its 200-day moving average price is $49.61. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22.

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

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.0%. General Motors’s dividend payout ratio is currently 9.52%.

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.