Gables Capital Management Inc. Sells 800 Shares of General Motors Company $GM

Gables Capital Management Inc. decreased its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 21.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,000 shares of the auto manufacturer’s stock after selling 800 shares during the period. Gables Capital Management Inc.’s holdings in General Motors were worth $148,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GM. Brighton Jones LLC increased its holdings in shares of General Motors by 456.1% during the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after acquiring an additional 31,755 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of General Motors by 10.6% during the first quarter. GAMMA Investing LLC now owns 20,133 shares of the auto manufacturer’s stock valued at $947,000 after acquiring an additional 1,933 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of General Motors by 107.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 155,554 shares of the auto manufacturer’s stock valued at $7,316,000 after acquiring an additional 80,734 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of General Motors by 19.4% during the first quarter. Blue Trust Inc. now owns 2,471 shares of the auto manufacturer’s stock valued at $116,000 after acquiring an additional 402 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of General Motors by 23.8% during the first quarter. Oppenheimer & Co. Inc. now owns 22,488 shares of the auto manufacturer’s stock valued at $1,058,000 after acquiring an additional 4,327 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total value 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 represents a 75.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Mark L. Reuss sold 136,161 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $60.12, for a total value of $8,185,999.32. Following the completion of the transaction, the president owned 131,036 shares of the company’s stock, valued at $7,877,884.32. This trade represents a 50.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,074,824 shares of company stock worth $122,377,213 over the last 90 days. Company insiders own 0.54% of the company’s stock.

General Motors Stock Up 14.8%

Shares of NYSE:GM opened at $66.59 on Wednesday. The company has a market capitalization of $63.40 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 1.71 and a beta of 1.33. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The business has a fifty day moving average price of $58.38 and a two-hundred day moving average price of $52.34. General Motors Company has a 1 year low of $41.60 and a 1 year high of $67.55.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.48. The firm had revenue of $48.59 billion during the quarter, compared to the consensus estimate of $44.60 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, December 5th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, December 5th. General Motors’s dividend payout ratio is 9.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Evercore ISI boosted their price objective on General Motors from $55.00 to $68.00 and gave the company an “outperform” rating in a report on Monday, October 13th. Cowen reiterated a “buy” rating on shares of General Motors in a report on Tuesday. The Goldman Sachs Group reiterated a “buy” rating on shares of General Motors in a report on Tuesday. Wedbush set a $75.00 price target on General Motors and gave the stock an “outperform” rating in a report on Tuesday. Finally, Jefferies Financial Group upped their price target on General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, October 6th. One investment 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 MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and an average price target of $66.40.

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.