General Motors Company $GM Shares Bought by Empowered Funds LLC

Empowered Funds LLC raised its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 637.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 258,594 shares of the auto manufacturer’s stock after acquiring an additional 223,538 shares during the period. Empowered Funds LLC’s holdings in General Motors were worth $12,725,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of General Motors by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock worth $5,450,485,000 after acquiring an additional 11,418,367 shares during the last quarter. AQR Capital Management LLC raised its position 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 purchasing an additional 8,012,743 shares during the period. Nuveen LLC purchased a new position in shares of General Motors during the first quarter worth $175,889,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of General Motors during the second quarter worth $125,583,000. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of General Motors by 17.5% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer’s stock valued at $603,048,000 after buying an additional 1,910,186 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Cowen increased their target price on General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. UBS Group raised their price objective on shares of General Motors from $81.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Wall Street Zen cut shares of General Motors from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. The Goldman Sachs Group reiterated a “buy” rating on shares of General Motors in a report on Tuesday, October 21st. Finally, Cowen restated a “buy” rating on shares of General Motors in a research note on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.00.

Insider Activity

In other General Motors news, President Mark L. Reuss sold 260,600 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total value of $17,316,870.00. Following the transaction, the president directly owned 98,006 shares in the company, valued at $6,512,498.70. This represents a 72.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mary T. Barra sold 907,024 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the sale, the chief executive officer owned 552,238 shares of the company’s stock, valued at $32,162,341.12. This represents a 62.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 2,298,064 shares of company stock worth $138,050,080. 0.54% of the stock is currently owned by insiders.

General Motors Trading Up 0.0%

NYSE GM opened at $67.92 on Wednesday. General Motors Company has a 52 week low of $41.60 and a 52 week high of $72.87. The firm has a 50 day moving average of $63.00 and a two-hundred day moving average of $55.87. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $63.36 billion, a PE ratio of 13.67, 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 data on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.48. The business had revenue of $48.59 billion during the quarter, compared to analysts’ expectations of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the company earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, research analysts expect that General Motors Company will post 11.44 EPS 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. Stockholders of record on Friday, December 5th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, December 5th. General Motors’s dividend payout ratio is currently 12.07%.

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.