Secured Retirement Advisors LLC Sells 570 Shares of General Motors Company $GM

Secured Retirement Advisors LLC lessened its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,404 shares of the auto manufacturer’s stock after selling 570 shares during the period. Secured Retirement Advisors LLC’s holdings in General Motors were worth $1,004,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Costello Asset Management INC bought a new position in shares of General Motors in the 1st quarter worth approximately $32,000. RMG Wealth Management LLC bought a new position in shares of General Motors in the 2nd quarter worth approximately $32,000. WPG Advisers LLC bought a new position in shares of General Motors in the 1st quarter worth approximately $34,000. North Capital Inc. bought a new position in shares of General Motors in the first quarter worth about $40,000. Finally, Banque Transatlantique SA bought a new position in shares of General Motors in the first quarter worth about $40,000. Institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wedbush raised their price objective on General Motors from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. JPMorgan Chase & Co. raised their price objective on General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of General Motors in a research note on Saturday, September 27th. The Goldman Sachs Group raised their price objective on General Motors from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of General Motors in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.85.

General Motors Stock Performance

NYSE:GM opened at $57.18 on Wednesday. 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 Company has a 12-month low of $41.60 and a 12-month high of $62.14. The stock has a 50-day moving average price of $57.41 and a 200 day moving average price of $51.67. The stock has a market capitalization of $54.44 billion, a P/E ratio of 9.08, a P/E/G ratio of 1.23 and a beta of 1.33.

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 (EPS) 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 firm had revenue of $47.12 billion during the quarter, compared to analysts’ expectations of $45.87 billion. During the same quarter last year, the business posted $3.06 earnings per share. The firm’s revenue 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 forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

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

Insider Transactions at General Motors

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the completion of the transaction, the chief accounting officer owned 12,007 shares in the company, valued at $661,585.70. This trade represents a 75.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Rory Harvey sold 23,977 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total value of $1,271,020.77. Following the transaction, the executive vice president owned 8,513 shares of the company’s stock, valued at $451,274.13. This represents a 73.80% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,074,824 shares of company stock worth $122,377,213. 0.54% of the stock is owned by corporate insiders.

General Motors Company 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.