General Motors Company $GM Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. trimmed its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,918 shares of the auto manufacturer’s stock after selling 266 shares during the quarter. Harbour Investments Inc.’s holdings in General Motors were worth $538,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cassia Capital Partners LLC increased its holdings in shares of General Motors by 63.0% in the 1st quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer’s stock valued at $879,000 after acquiring an additional 7,221 shares during the period. Mirova increased its stake in General Motors by 4.1% in 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 during the period. Capital Investment Advisors LLC increased its stake in General Motors by 6.3% in the 2nd quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer’s stock valued at $434,000 after buying an additional 526 shares during the period. AustralianSuper Pty Ltd increased its stake in General Motors by 38.9% in 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 during the period. Finally, Sowell Financial Services LLC acquired a new position in General Motors in the 1st quarter valued at $312,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Motors

In related news, EVP Rory Harvey sold 6,600 shares of the business’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.95, for a total value of $408,870.00. Following the sale, the executive vice president directly owned 8,513 shares in the company, valued at $527,380.35. The trade was a 43.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Christopher Hatto sold 23,400 shares of the business’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $61.01, for a total transaction of $1,427,634.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares in the company, valued at $732,547.07. This represents a 66.09% 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 90 days. 0.54% of the stock is currently owned by corporate insiders.

General Motors Price Performance

Shares of NYSE GM opened at $58.40 on Monday. The firm has a market capitalization of $55.60 billion, a P/E ratio of 9.27, a PEG ratio of 1.72 and a beta of 1.33. General Motors Company has a one year low of $41.60 and a one year high of $62.14. The company’s fifty day moving average is $58.05 and its two-hundred day moving average is $52.15. 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 (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, topping the consensus estimate of $2.52 by $0.01. The company had revenue of $47.12 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm earned $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Analysts forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on GM shares. Weiss Ratings reissued a “buy (b-)” rating on shares of General Motors in a research note on Wednesday, October 8th. UBS Group raised shares of General Motors from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $56.00 to $81.00 in a research note on Wednesday, September 24th. JPMorgan Chase & Co. boosted their price objective on shares of General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. Mizuho boosted their price objective on shares of General Motors from $58.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. Finally, Evercore ISI boosted their price objective on shares of General Motors from $55.00 to $68.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.