General Motors Company $GM Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC grew its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 21.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,311 shares of the auto manufacturer’s stock after buying an additional 13,528 shares during the period. NewEdge Advisors LLC’s holdings in General Motors were worth $3,636,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of GM. Measured Risk Portfolios Inc. acquired a new stake in General Motors in the 4th quarter valued at about $27,000. Costello Asset Management INC acquired a new stake in shares of General Motors in the first quarter valued at approximately $32,000. WPG Advisers LLC acquired a new stake in shares of General Motors in the first quarter valued at approximately $34,000. North Capital Inc. purchased a new position in General Motors during the first quarter worth approximately $40,000. Finally, Banque Transatlantique SA acquired a new position in General Motors during the first quarter worth $40,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Christopher Hatto sold 36,804 shares of General Motors stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total value of $2,027,900.40. Following the completion of the transaction, the chief accounting officer owned 12,007 shares in the company, valued at approximately $661,585.70. This trade represents a 75.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Rory Harvey sold 23,977 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total value of $1,271,020.77. Following the transaction, the executive vice president directly owned 8,513 shares of the company’s stock, valued at approximately $451,274.13. This represents a 73.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,070,311 shares of company stock worth $62,095,433 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

General Motors Price Performance

General Motors stock opened at $58.08 on Wednesday. The company’s 50 day simple moving average is $54.76 and its 200-day simple moving average is $50.10. 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 Company has a 1 year low of $41.60 and a 1 year high of $61.24. The company has a market capitalization of $55.30 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 1.23 and a beta of 1.32.

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

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, September 5th. General Motors’s dividend payout ratio (DPR) is currently 9.52%.

Analyst Ratings Changes

A number of analysts have issued reports on GM shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of General Motors in a research note on Friday, July 11th. Industrial Alliance Securities set a $70.00 price objective on shares of General Motors in a report on Friday, July 11th. Royal Bank Of Canada restated an “outperform” rating on shares of General Motors in a research report on Thursday, July 24th. CLSA upgraded shares of General Motors to a “moderate buy” rating in a report on Monday, July 7th. Finally, Barclays increased their price target on shares of General Motors from $45.00 to $55.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $58.05.

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.