Mayflower Financial Advisors LLC Boosts Stake in General Motors Company $GM

Mayflower Financial Advisors LLC boosted its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,163 shares of the auto manufacturer’s stock after buying an additional 205 shares during the period. Mayflower Financial Advisors LLC’s holdings in General Motors were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Jennison Associates LLC increased its position in shares of General Motors by 3.5% during the second quarter. Jennison Associates LLC now owns 1,330,044 shares of the auto manufacturer’s stock worth $65,451,000 after purchasing an additional 45,162 shares in the last quarter. Mizuho Markets Cayman LP acquired a new position in shares of General Motors during the second quarter worth $1,452,000. May Hill Capital LLC increased its position in shares of General Motors by 7.8% during the second quarter. May Hill Capital LLC now owns 10,399 shares of the auto manufacturer’s stock worth $512,000 after purchasing an additional 753 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of General Motors by 2.9% during the second quarter. Teacher Retirement System of Texas now owns 990,322 shares of the auto manufacturer’s stock worth $48,734,000 after purchasing an additional 28,342 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its position in shares of General Motors by 4.2% during the second quarter. Y Intercept Hong Kong Ltd now owns 142,396 shares of the auto manufacturer’s stock worth $7,007,000 after purchasing an additional 5,699 shares in 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 a number of recent analyst reports. Royal Bank Of Canada upped their price target on General Motors from $77.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Tigress Financial upped their price target on General Motors from $88.00 to $92.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 24th. Barclays upped their price target on General Motors from $77.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Citigroup upped their target price on General Motors from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Mizuho set a $76.00 target price on General Motors in a research note on Wednesday, October 22nd. Three research 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 assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $70.00.

General Motors Stock Performance

Shares of GM stock opened at $69.07 on Thursday. The firm has a market capitalization of $64.43 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 0.97 and a beta of 1.33. 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 business has a fifty day moving average of $59.84 and a 200 day moving average of $53.44. General Motors Company has a 1 year low of $41.60 and a 1 year high of $70.24.

General Motors (NYSE:GM) (TSE:GMM.U) last issued 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. The company had revenue of $48.59 billion during the quarter, compared to analyst estimates of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the business posted $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 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders 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 yield of 0.9%. The ex-dividend date of this dividend is Friday, December 5th. General Motors’s dividend payout ratio (DPR) is currently 12.07%.

Insider Buying and Selling

In other General Motors news, CAO Christopher Hatto sold 23,400 shares of the stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $61.01, for a total transaction of $1,427,634.00. Following the sale, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at approximately $732,547.07. This trade represents a 66.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rory Harvey sold 6,600 shares of the stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $61.95, for a total value of $408,870.00. Following the sale, the executive vice president directly owned 8,513 shares in the company, valued at $527,380.35. This represents a 43.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,335,424 shares of company stock valued at $139,694,083 over the last quarter. 0.54% of the stock is currently owned by company insiders.

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.