Arista Wealth Management LLC Acquires New Shares in General Motors Company $GM

Key Points

• Arista Wealth Management LLC has acquired 14,004 shares of General Motors (NYSE: GM), valued at approximately $689,000, demonstrating growing interest from institutional investors.
• Multiple research firms have upgraded their ratings on GM, with price targets increased significantly, highlighting the company's strong market outlook.
• General Motors' latest quarterly earnings surpassed expectations, with an EPS of $2.53 and revenue of $47.12 billion, although revenue was down 1.8% year-over-year.

Arista Wealth Management LLC acquired a new position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,004 shares of the auto manufacturer's stock, valued at approximately $689,000.

Several other large investors have also modified their holdings of the business. Trust Co. of Toledo NA OH bought a new position in shares of General Motors during the second quarter valued at approximately $25,000. GFG Capital LLC bought a new stake in General Motors during the 2nd quarter valued at $27,000. Costello Asset Management INC purchased a new position in shares of General Motors in the 1st quarter valued at $32,000. RMG Wealth Management LLC bought a new position in shares of General Motors in the 2nd quarter worth $32,000. Finally, WPG Advisers LLC purchased a new stake in shares of General Motors during the 1st quarter worth $34,000. Institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GM. Citigroup lifted their target price on General Motors from $61.00 to $75.00 and gave the company a "buy" rating in a research note on Monday, September 22nd. UBS Group upgraded shares of General Motors from a "neutral" rating to a "buy" rating and raised their price target for the company from $56.00 to $81.00 in a report on Wednesday, September 24th. Bank of America reduced their price objective on shares of General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. raised their target price 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, The Goldman Sachs Group upped their price target on General Motors from $70.00 to $74.00 and gave the stock a "buy" rating in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $65.00.

General Motors Price Performance

Shares of GM opened at $57.32 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The company's fifty day moving average price is $57.95 and its 200-day moving average price is $52.00. General Motors Company has a 1-year low of $41.60 and a 1-year high of $62.14. The firm has a market capitalization of $54.57 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 1.71 and a beta of 1.33.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.01. The company had revenue of $47.12 billion during the quarter, compared to analysts' expectations of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The firm's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, equities research analysts predict that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

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

Insider Buying and Selling at General Motors

In other news, CAO Christopher Hatto sold 36,804 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total value of $2,027,900.40. Following the sale, the chief accounting officer owned 12,007 shares in the company, valued at $661,585.70. This represents a 75.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mary T. Barra sold 907,024 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer directly owned 552,238 shares of the company's stock, valued at approximately $32,162,341.12. This trade represents a 62.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,074,824 shares of company stock worth $122,377,213 in the last 90 days. Corporate insiders own 0.54% of the company's stock.

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.

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