Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $11.60 Million Position in General Motors Company $GM

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 3.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 235,797 shares of the auto manufacturer’s stock after acquiring an additional 8,253 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in General Motors were worth $11,604,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Trust Co. of Toledo NA OH acquired a new position in shares of General Motors in the 2nd quarter worth approximately $25,000. GFG Capital LLC bought a new stake in shares of General Motors during the second quarter valued at approximately $27,000. Costello Asset Management INC bought a new stake in General Motors during the 1st quarter valued at $32,000. RMG Wealth Management LLC acquired a new stake in shares of General Motors in the 2nd quarter worth about $32,000. Finally, WPG Advisers LLC purchased a new stake in shares of General Motors in the first quarter worth approximately $34,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Motors

In other General Motors news, President Mark L. Reuss sold 260,600 shares of General Motors stock in a transaction dated Wednesday, October 22nd. The stock was 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 owned 98,006 shares of the company’s stock, valued at $6,512,498.70. The trade was a 72.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mary T. Barra sold 753,720 shares of the company’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total value of $45,185,514.00. Following the sale, the chief executive officer owned 433,527 shares in the company, valued at approximately $25,989,943.65. This represents a 63.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 2,298,064 shares of company stock valued at $138,050,080. 0.54% of the stock is owned by corporate insiders.

General Motors Trading Down 1.9%

NYSE:GM opened at $70.52 on Monday. The firm’s 50 day moving average is $62.61 and its 200 day moving average is $55.55. General Motors Company has a 12 month low of $41.60 and a 12 month high of $72.87. The stock has a market capitalization of $65.79 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40.

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

General Motors Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GM shares. Argus set a $78.00 price objective on shares of General Motors in a report on Thursday, October 23rd. TD Cowen upped their price objective on shares of General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Bank of America dropped their target price on shares of General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Piper Sandler set a $66.00 target price on General Motors and gave the company a “neutral” rating in a report on Tuesday, October 21st. Finally, Jefferies Financial Group increased their price target on General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, October 6th. Three equities research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.00.

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.