General Motors Company $GM Position Lessened by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC lowered its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 40.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,051 shares of the auto manufacturer’s stock after selling 3,373 shares during the quarter. Resonant Capital Advisors LLC’s holdings in General Motors were worth $249,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GM. Optimum Investment Advisors grew its position in shares of General Motors by 60.0% during the second quarter. Optimum Investment Advisors now owns 800 shares of the auto manufacturer’s stock worth $39,000 after acquiring an additional 300 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in General Motors during the 2nd quarter valued at about $6,212,000. Interchange Capital Partners LLC grew its position in General Motors by 14.4% in the 2nd quarter. Interchange Capital Partners LLC now owns 8,878 shares of the auto manufacturer’s stock worth $437,000 after purchasing an additional 1,120 shares during the last quarter. Brighton Jones LLC increased its stake in shares of General Motors by 72.5% in the second quarter. Brighton Jones LLC now owns 71,538 shares of the auto manufacturer’s stock valued at $3,520,000 after purchasing an additional 30,068 shares during the period. Finally, MQS Management LLC bought a new stake in shares of General Motors during the second quarter valued at approximately $228,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Mark L. Reuss sold 260,600 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total value of $17,316,870.00. Following the completion of the transaction, the president owned 98,006 shares in the company, valued at $6,512,498.70. This trade represents a 72.67% decrease in their position. The transaction 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 business’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $61.95, for a total value of $408,870.00. Following the sale, the executive vice president owned 8,513 shares in the company, valued at approximately $527,380.35. The trade was a 43.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,335,424 shares of company stock valued at $139,694,083. 0.54% of the stock is currently owned by company insiders.

General Motors Stock Performance

Shares of GM opened at $69.36 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. The firm’s 50 day moving average is $59.34 and its 200-day moving average is $53.08. General Motors Company has a 12-month low of $41.60 and a 12-month high of $69.70. The stock has a market capitalization of $64.70 billion, a P/E ratio of 13.95, a P/E/G ratio of 0.96 and a beta of 1.33.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating the consensus estimate of $2.32 by $0.48. The business had revenue of $48.59 billion during the quarter, compared to analyst estimates of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the business earned $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities research analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, December 5th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.9%. General Motors’s payout ratio is 12.07%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GM. Mizuho set a $76.00 price objective on General Motors in a report on Wednesday, October 22nd. Tigress Financial increased their price target on General Motors from $88.00 to $92.00 and gave the stock a “strong-buy” rating in a research note on Friday. Argus set a $78.00 price objective on shares of General Motors in a research note on Thursday. Industrial Alliance Securities set a $70.00 price objective on shares of General Motors in a report on Friday, July 11th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of General Motors in a research note on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.00.

About General Motors

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.