General Motors Company $GM Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC lessened its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 9.0% during the second quarter, Holdings Channel.com reports. The firm owned 104,180 shares of the auto manufacturer’s stock after selling 10,299 shares during the quarter. Wealthfront Advisers LLC’s holdings in General Motors were worth $5,127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of GM. AQR Capital Management LLC grew its holdings in General Motors by 146.8% during the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock worth $629,196,000 after acquiring an additional 8,012,743 shares during the period. Vanguard Group Inc. grew its stake in shares of General Motors by 6.9% during the 1st 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 period. Nuveen LLC acquired a new position in shares of General Motors during the 1st quarter worth $175,889,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of General Motors in the second quarter valued at about $125,583,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in 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 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 Upgrades and Downgrades

A number of research analysts have issued reports on the stock. CLSA raised shares of General Motors to a “moderate buy” rating in a report on Monday, July 7th. Benchmark reaffirmed a “buy” rating on shares of General Motors in a research note on Wednesday, October 22nd. Jefferies Financial Group lifted their price objective on General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, October 6th. TD Cowen upped their target price on General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. lifted their price target on General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Three equities 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

General Motors Stock Performance

NYSE GM opened at $69.88 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $70.19. The business has a fifty day moving average of $59.60 and a 200-day moving average of $53.26. The stock has a market cap of $65.19 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 0.96 and a beta of 1.33.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $44.60 billion. During the same quarter last year, the company earned $2.96 earnings per share. The business’s revenue for the quarter was down .3% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, analysts predict that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.15 per share. The ex-dividend date 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%.

Insider Activity

In other General Motors news, President Mark L. Reuss sold 260,600 shares of the business’s 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 directly owned 98,006 shares in the company, valued at approximately $6,512,498.70. The trade was a 72.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Christopher Hatto sold 36,804 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total value of $2,027,900.40. Following the transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $661,585.70. This represents a 75.40% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 2,335,424 shares of company stock worth $139,694,083. Corporate insiders own 0.54% of the company’s stock.

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.