3,142 Shares in General Motors Company $GM Bought by Sentry Investment Management LLC

Sentry Investment Management LLC bought a new position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in the second quarter, Holdings Channel.com reports. The fund bought 3,142 shares of the auto manufacturer’s stock, valued at approximately $164,000.

A number of other hedge funds have also bought and sold shares of the company. Sowell Financial Services LLC raised its stake in General Motors by 2.9% during the second quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after buying an additional 195 shares during the last quarter. ICONIQ Capital LLC raised its stake in General Motors by 4.2% during the first quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock worth $256,000 after buying an additional 220 shares during the last quarter. Hohimer Wealth Management LLC raised its stake in General Motors by 0.3% during the first quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer’s stock worth $3,310,000 after buying an additional 230 shares during the last quarter. HHM Wealth Advisors LLC raised its stake in General Motors by 14.4% during the first quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer’s stock worth $86,000 after buying an additional 232 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its stake in General Motors by 3.6% in the first quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer’s stock valued at $316,000 after purchasing an additional 235 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In related news, EVP Rory Harvey sold 23,977 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $451,274.13. The trade was a 73.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Christopher Hatto sold 36,804 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,074,824 shares of company stock valued at $122,377,213 over the last three months. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GM shares. Bank of America decreased their price target on shares of General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a research note on Friday, July 11th. Citigroup lifted their price target on shares of General Motors from $61.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. UBS Group raised shares of General Motors from a “neutral” rating to a “buy” rating and lifted their price target for the company from $56.00 to $81.00 in a research note on Wednesday, September 24th. Finally, The Goldman Sachs Group lifted their price target on shares of General Motors from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, General Motors currently has an average rating of “Moderate Buy” and a consensus target price of $65.00.

General Motors Stock Up 1.9%

Shares of NYSE GM opened at $58.40 on Monday. The stock has a market capitalization of $55.60 billion, a P/E ratio of 9.27, a P/E/G ratio of 1.72 and a beta of 1.33. The company has a 50-day moving average price of $58.05 and a 200-day moving average price of $52.15. General Motors Company has a 1 year low of $41.60 and a 1 year high of $62.14. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data 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. The firm had revenue of $47.12 billion during the quarter, compared to analysts’ expectations of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The business’s revenue was down 1.8% on a year-over-year basis. During the same period last year, the company earned $3.06 earnings per share. 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 EPS for the current fiscal year.

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.