Machina Capital S.A.S. Boosts Stock Position in General Motors Company $GM

Machina Capital S.A.S. boosted its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 90.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,947 shares of the auto manufacturer’s stock after buying an additional 20,429 shares during the quarter. Machina Capital S.A.S.’s holdings in General Motors were worth $2,113,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GM. AQR Capital Management LLC increased its holdings in General Motors by 146.8% in the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock valued at $629,196,000 after buying an additional 8,012,743 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of General Motors by 6.9% during the first quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer’s stock worth $4,672,023,000 after purchasing an additional 6,395,375 shares during the last quarter. Nuveen LLC purchased a new position in shares of General Motors during the first quarter worth about $175,889,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of General Motors during the second quarter worth about $125,583,000. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of General Motors by 17.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer’s stock worth $603,048,000 after purchasing an additional 1,910,186 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

GM has been the topic of several research reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of General Motors in a report on Tuesday, October 21st. Citigroup increased their target price on shares of General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Weiss Ratings downgraded shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research note on Saturday, October 25th. Evercore ISI increased their target price on shares of General Motors from $55.00 to $68.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. Finally, Wedbush set a $75.00 target price on shares of General Motors and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.00.

General Motors Trading Up 0.5%

Shares of GM opened at $68.99 on Monday. 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 has a 50 day simple moving average of $60.30 and a 200-day simple moving average of $53.84. General Motors Company has a 1-year low of $41.60 and a 1-year high of $70.24. The stock has a market cap of $64.36 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 0.96 and a beta of 1.33.

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

General Motors Announces Dividend

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

Insider Buying and Selling at General Motors

In other news, President Mark L. Reuss sold 260,600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the transaction, the president directly owned 98,006 shares of the company’s stock, valued at $6,512,498.70. This trade represents a 72.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Christopher Hatto sold 36,804 shares of General Motors stock in a transaction that occurred on 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 completion of the sale, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at $661,585.70. The trade was a 75.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 2,351,121 shares of company stock valued at $140,792,873. Company insiders own 0.54% of the company’s stock.

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.