9,755 Shares in General Motors Company $GM Bought by GC Wealth Management RIA LLC

Key Points

• GC Wealth Management RIA LLC acquired 9,755 shares of General Motors Company valued at approximately $480,000 during the second quarter.
• General Motors reported a net margin of 2.54% and a revenue of $47.12 billion for the latest quarter, slightly beating analysts' expectations.
• The company's board declared a quarterly dividend of $0.15 per share, with a 1.0% annualized dividend yield and a payout ratio of 9.52%.

GC Wealth Management RIA LLC bought a new position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the second quarter, according to its most recent disclosure with the SEC. The firm bought 9,755 shares of the auto manufacturer's stock, valued at approximately $480,000.

Other institutional investors have also bought and sold shares of the company. Cassia Capital Partners LLC increased its stake in General Motors by 63.0% in the 1st quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock worth $879,000 after buying an additional 7,221 shares in the last quarter. Mirova increased its stake in General Motors by 4.1% in the 1st quarter. Mirova now owns 133,969 shares of the auto manufacturer's stock worth $6,301,000 after buying an additional 5,293 shares in the last quarter. AustralianSuper Pty Ltd increased its stake in General Motors by 38.9% in the 1st quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock worth $287,428,000 after buying an additional 1,712,033 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in General Motors in the 1st quarter worth $312,000. Finally, Boston Partners purchased a new stake in General Motors in the 1st quarter worth $719,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Stock Down 0.3%

Shares of NYSE:GM opened at $60.92 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. General Motors Company has a 12 month low of $41.60 and a 12 month high of $62.14. The company has a 50-day moving average price of $56.78 and a 200 day moving average price of $51.32. The company has a market cap of $58.00 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 1.29 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter last year, the firm earned $3.06 EPS. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, equities research analysts predict 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 was paid on Thursday, September 18th. Investors of record on Friday, September 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. General Motors's dividend payout ratio (DPR) is presently 9.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Royal Bank Of Canada reiterated an "outperform" rating on shares of General Motors in a research note on Thursday, July 24th. Mizuho raised their price objective on General Motors from $58.00 to $67.00 and gave the company an "outperform" rating in a research report on Tuesday, September 23rd. Wells Fargo & Company raised their price objective on General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a research report on Wednesday, July 23rd. Industrial Alliance Securities set a $70.00 price objective on General Motors in a research report on Friday, July 11th. Finally, Barclays upgraded General Motors from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $55.00 to $73.00 in a research report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $63.16.

Insider Buying and Selling at General Motors

In other General Motors news, President Mark L. Reuss sold 136,161 shares of the firm's stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $60.12, for a total value of $8,185,999.32. Following the completion of the sale, the president owned 131,036 shares of the company's stock, valued at $7,877,884.32. This trade represents a 50.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mary T. Barra sold 907,024 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 552,238 shares of the company's stock, valued at approximately $32,162,341.12. The trade was a 62.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,074,824 shares of company stock worth $122,377,213 in the last 90 days. 0.54% of the stock is currently owned by 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.

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