Fragasso Financial Advisors Inc Sells 1,334 Shares of General Motors Company $GM

Fragasso Financial Advisors Inc decreased its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,476 shares of the auto manufacturer’s stock after selling 1,334 shares during the period. Fragasso Financial Advisors Inc’s holdings in General Motors were worth $1,549,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GM. Cassia Capital Partners LLC grew its holdings in General Motors by 63.0% during the 1st quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer’s stock valued at $879,000 after buying an additional 7,221 shares in the last quarter. Mirova grew its holdings in General Motors by 4.1% during the 1st quarter. Mirova now owns 133,969 shares of the auto manufacturer’s stock valued at $6,301,000 after buying an additional 5,293 shares in the last quarter. AustralianSuper Pty Ltd grew its holdings in General Motors by 38.9% during the 1st quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer’s stock valued at $287,428,000 after buying an additional 1,712,033 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in General Motors during the 1st quarter valued at approximately $312,000. Finally, Boston Partners purchased a new stake in General Motors during the 1st quarter valued at approximately $719,000. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Up 0.8%

NYSE:GM opened at $58.96 on Tuesday. General Motors Company has a twelve month low of $41.60 and a twelve month high of $61.24. The company has a market cap of $56.13 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 1.23 and a beta of 1.32. The stock has a fifty day simple moving average of $55.23 and a 200-day simple moving average of $50.42. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. During the same period last year, the company earned $3.06 earnings per share. The business’s revenue for the quarter 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. Analysts anticipate that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

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

Analysts Set New Price Targets

GM has been the subject of a number of recent research reports. Benchmark initiated coverage on shares of General Motors in a report on Monday, July 21st. They issued a “buy” rating and a $65.00 target price for the company. UBS Group raised their target price on shares of General Motors from $50.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Barclays raised shares of General Motors from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $55.00 to $73.00 in a report on Friday. JPMorgan Chase & Co. raised their target price on shares of General Motors from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Finally, CLSA raised shares of General Motors to a “moderate buy” rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.00.

Insider Activity at General Motors

In related news, EVP Rory Harvey sold 23,977 shares of General Motors 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 completion of the sale, the executive vice president directly owned 8,513 shares in the company, valued at $451,274.13. The trade was a 73.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Christopher Hatto sold 14,667 shares of General Motors stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $59.00, for a total value of $865,353.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares of the company’s stock, valued at $708,413. The trade was a 54.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,070,311 shares of company stock worth $62,095,433 over the last three months. 0.54% of the stock is owned by corporate insiders.

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.