Total Clarity Wealth Management Inc. Buys 1,081 Shares of General Motors Company $GM

Total Clarity Wealth Management Inc. increased its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 19.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,561 shares of the auto manufacturer’s stock after buying an additional 1,081 shares during the period. Total Clarity Wealth Management Inc.’s holdings in General Motors were worth $323,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its holdings in General Motors by 2.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,415,838 shares of the auto manufacturer’s stock worth $73,666,000 after purchasing an additional 38,364 shares during the period. CWM LLC grew its holdings in General Motors by 17.2% in the second quarter. CWM LLC now owns 226,102 shares of the auto manufacturer’s stock worth $11,126,000 after purchasing an additional 33,208 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in General Motors by 7.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 180,660 shares of the auto manufacturer’s stock worth $8,891,000 after purchasing an additional 13,094 shares during the period. Concurrent Investment Advisors LLC grew its holdings in General Motors by 31.3% in the second quarter. Concurrent Investment Advisors LLC now owns 16,707 shares of the auto manufacturer’s stock worth $822,000 after purchasing an additional 3,981 shares during the period. Finally, waypoint wealth counsel grew its holdings in General Motors by 63.0% in the second quarter. waypoint wealth counsel now owns 8,140 shares of the auto manufacturer’s stock worth $401,000 after purchasing an additional 3,147 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Trading Up 0.5%

NYSE:GM opened at $55.63 on Tuesday. The company’s 50 day moving average price is $57.67 and its 200-day moving average price is $51.85. General Motors Company has a 52 week low of $41.60 and a 52 week high of $62.14. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The stock has a market cap of $52.96 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 1.17 and a beta of 1.33.

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. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The company had revenue of $47.12 billion for the quarter, compared to analysts’ expectations of $45.87 billion. During the same quarter last year, the company posted $3.06 earnings per share. The firm’s quarterly 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. On average, equities research analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were issued a $0.15 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.1%. General Motors’s dividend payout ratio (DPR) is currently 9.52%.

Insider Activity at General Motors

In related news, CAO Christopher Hatto sold 23,400 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.01, for a total value of $1,427,634.00. Following the sale, the chief accounting officer owned 12,007 shares in the company, valued at approximately $732,547.07. This trade represents a 66.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Rory Harvey sold 6,600 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $61.95, for a total transaction of $408,870.00. Following the completion of the sale, the executive vice president owned 8,513 shares in the company, valued at $527,380.35. This represents a 43.67% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,074,824 shares of company stock worth $122,377,213. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on GM. Industrial Alliance Securities set a $70.00 price objective on shares of General Motors in a report on Friday, July 11th. Wells Fargo & Company upped their price objective on shares of General Motors from $38.00 to $40.00 and gave the stock an “underweight” rating in a report on Friday, October 3rd. Citigroup increased their price target on shares of General Motors from $61.00 to $75.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Benchmark started coverage on shares of General Motors in a report on Monday, July 21st. They set a “buy” rating and a $65.00 price target on the stock. Finally, The Goldman Sachs Group increased their price target on shares of General Motors from $70.00 to $74.00 and gave the company a “buy” rating in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

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.