Universal Beteiligungs und Servicegesellschaft mbH Cuts Stock Holdings in General Motors Company $GM

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 14.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 916,622 shares of the auto manufacturer’s stock after selling 150,870 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of General Motors worth $45,107,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Westpac Banking Corp boosted its position in shares of General Motors by 12.3% during the 2nd quarter. Westpac Banking Corp now owns 31,453 shares of the auto manufacturer’s stock worth $1,548,000 after purchasing an additional 3,439 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of General Motors by 66.7% in the second quarter. Rockefeller Capital Management L.P. now owns 423,003 shares of the auto manufacturer’s stock valued at $20,816,000 after purchasing an additional 169,323 shares during the period. Cornerstone Advisors LLC lifted its stake in shares of General Motors by 27.1% in the second quarter. Cornerstone Advisors LLC now owns 85,900 shares of the auto manufacturer’s stock valued at $4,227,000 after purchasing an additional 18,300 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in General Motors by 39.5% during the second quarter. Citizens Financial Group Inc. RI now owns 8,261 shares of the auto manufacturer’s stock worth $407,000 after buying an additional 2,338 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its position in General Motors by 5.3% during the second quarter. Avantax Advisory Services Inc. now owns 74,928 shares of the auto manufacturer’s stock worth $3,687,000 after buying an additional 3,797 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GM shares. Bank of America reduced their price target on shares of General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Weiss Ratings downgraded General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research report on Saturday, October 25th. 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. TD Cowen raised their price target on General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen lowered shares of General Motors from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Three equities 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 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 price target of $70.00.

Insider Activity at General Motors

In other news, CAO Christopher Hatto sold 7,724 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total transaction of $556,128.00. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at $864,504. This represents a 39.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Rory Harvey sold 6,600 shares of General Motors stock in a transaction on Friday, September 26th. The shares were sold at an average price of $61.95, for a total value of $408,870.00. Following the completion of the transaction, the executive vice president owned 8,513 shares in the company, valued at $527,380.35. The trade was a 43.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,298,064 shares of company stock valued at $138,050,080 over the last quarter. 0.54% of the stock is currently owned by corporate insiders.

General Motors Trading Down 0.8%

GM stock traded down $0.59 during midday trading on Monday, hitting $69.93. The stock had a trading volume of 530,193 shares, compared to its average volume of 10,895,591. The company’s 50-day moving average price is $62.61 and its 200 day moving average price is $55.55. 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 firm has a market cap of $65.23 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41. General Motors Company has a 12-month low of $41.60 and a 12-month high of $72.87.

General Motors (NYSE:GM) (TSE:GMM.U) last posted 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 for the quarter, compared to analysts’ expectations of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The business’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm earned $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, equities research analysts predict that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

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 issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, December 5th. General Motors’s dividend payout ratio (DPR) is 12.07%.

About General Motors

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.