Apollon Wealth Management LLC Sells 4,841 Shares of General Motors Company $GM

Key Points

• Apollon Wealth Management LLC has sold 4,841 shares of General Motors, reducing its stake by 25.5% to a total of 14,147 shares, valued at approximately $696,000.
• Several analysts have upgraded their ratings for General Motors, with target prices ranging from $40.00 to $81.00, indicating strong investor interest.
• General Motors recently announced a quarterly dividend of $0.15 per share, resulting in an annualized dividend yield of 1.0%.

Apollon Wealth Management LLC decreased its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 25.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,147 shares of the auto manufacturer's stock after selling 4,841 shares during the quarter. Apollon Wealth Management LLC's holdings in General Motors were worth $696,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH bought a new stake in shares of General Motors in the 2nd quarter valued at $25,000. GFG Capital LLC bought a new stake in shares of General Motors in the 2nd quarter valued at $27,000. RMG Wealth Management LLC bought a new stake in shares of General Motors in the 2nd quarter valued at $32,000. Costello Asset Management INC bought a new stake in shares of General Motors in the 1st quarter valued at $32,000. Finally, WPG Advisers LLC bought a new stake in shares of General Motors in the 1st quarter valued at $34,000. Institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of General Motors from $38.00 to $40.00 and gave the company an "underweight" rating in a research note on Friday, October 3rd. Benchmark assumed coverage on shares of General Motors in a research note on Monday, July 21st. They issued a "buy" rating and a $65.00 price objective for the company. UBS Group upgraded shares of General Motors from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $56.00 to $81.00 in a research note on Wednesday, September 24th. JPMorgan Chase & Co. boosted their price target on shares of General Motors from $60.00 to $80.00 and gave the company an "overweight" rating in a research note on Tuesday, September 30th. Finally, Wedbush upped their price objective on shares of General Motors from $55.00 to $65.00 and gave the stock an "outperform" rating in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $65.00.

General Motors Stock Performance

GM opened at $57.88 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. The company's fifty day moving average price is $57.86 and its two-hundred day moving average price is $51.93. General Motors Company has a 1-year low of $41.60 and a 1-year high of $62.14. The company has a market cap of $55.10 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 1.20 and a beta of 1.33.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $45.87 billion. During the same quarter in the prior year, the business posted $3.06 EPS. The business's revenue 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. On average, analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were paid a $0.15 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. General Motors's dividend payout ratio is presently 9.52%.

Insider Activity

In other news, CEO Mary T. Barra sold 753,720 shares of the company's stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total value of $45,185,514.00. Following the completion of the sale, the chief executive officer owned 433,527 shares in the company, valued at $25,989,943.65. This represents a 63.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Rory Harvey sold 6,600 shares of the stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.95, for a total transaction of $408,870.00. Following the transaction, the executive vice president owned 8,513 shares of the company's stock, valued at approximately $527,380.35. The trade was a 43.67% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,074,824 shares of company stock worth $122,377,213. 0.54% of the stock is owned by insiders.

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.

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