Soltis Investment Advisors LLC Has $743,000 Stock Holdings in General Motors Company $GM

Soltis Investment Advisors LLC boosted its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 13.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,091 shares of the auto manufacturer’s stock after acquiring an additional 1,768 shares during the period. Soltis Investment Advisors LLC’s holdings in General Motors were worth $743,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sowell Financial Services LLC lifted its holdings in General Motors by 2.9% in the second quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock valued at $336,000 after buying an additional 195 shares during the period. Mayflower Financial Advisors LLC grew its position in shares of General Motors by 4.1% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock worth $254,000 after buying an additional 205 shares during the period. ICONIQ Capital LLC increased its stake in shares of General Motors by 4.2% in the 1st quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock valued at $256,000 after acquiring an additional 220 shares in the last quarter. Hohimer Wealth Management LLC increased its stake in shares of General Motors by 0.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer’s stock valued at $3,310,000 after acquiring an additional 230 shares in the last quarter. Finally, HHM Wealth Advisors LLC lifted its position in shares of General Motors by 14.4% during the 1st quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer’s stock valued at $86,000 after acquiring an additional 232 shares during the period. 92.67% of the stock is owned by institutional investors.

General Motors Trading Up 0.1%

Shares of General Motors stock opened at $68.84 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. The stock has a fifty day simple moving average of $61.06 and a 200 day simple moving average of $54.37. General Motors Company has a 12-month low of $41.60 and a 12-month high of $70.24. The company has a market capitalization of $64.22 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, beating 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 company had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. During the same period last year, the firm earned $2.96 earnings per share. The firm’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. On average, sell-side analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

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 12.07%.

Insiders Place Their Bets

In related news, CAO Christopher Hatto sold 15,697 shares of the business’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,098,790.00. Following the transaction, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at approximately $840,490. The trade was a 56.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mary T. Barra sold 753,720 shares of General Motors stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the completion of the sale, the chief executive officer directly owned 433,527 shares in the company, valued at approximately $25,989,943.65. This represents a 63.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 2,327,144 shares of company stock valued at $139,521,852. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GM shares. Jefferies Financial Group lifted their price target on shares of General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, October 6th. Evercore ISI increased their price target on General Motors from $55.00 to $68.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. Wall Street Zen raised General Motors from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Piper Sandler set a $66.00 price objective on General Motors and gave the company a “neutral” rating in a report on Tuesday, October 21st. Finally, Wedbush set a $75.00 target price on General Motors and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, General Motors has an average rating of “Moderate Buy” and an average target price of $70.00.

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.