Auxano Advisors LLC purchased a new stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,898 shares of the auto manufacturer's stock, valued at approximately $917,000.
Several other institutional investors have also added to or reduced their stakes in GM. Laurel Wealth Advisors LLC acquired a new stake in General Motors during the 4th quarter valued at approximately $25,000. Evergreen Advisors LLC acquired a new position in shares of General Motors in the 1st quarter worth approximately $26,000. SouthState Bank Corp lifted its position in shares of General Motors by 101.7% in the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer's stock worth $29,000 after purchasing an additional 177 shares during the period. Kelleher Financial Advisors bought a new stake in shares of General Motors in the 3rd quarter valued at $29,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of General Motors during the fourth quarter worth $30,000. 92.67% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, EVP Grant Michael Dixton sold 40,000 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $88.44, for a total transaction of $3,537,600.00. Following the completion of the sale, the executive vice president directly owned 54,992 shares of the company's stock, valued at $4,863,492.48. The trade was a 42.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the company's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $90.00, for a total transaction of $620,550.00. Following the completion of the sale, the chief accounting officer owned 18,899 shares in the company, valued at $1,700,910. This represents a 26.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,247,053 shares of company stock worth $106,763,425 in the last quarter. Insiders own 0.44% of the company's stock.
General Motors Stock Performance
Shares of GM opened at $84.45 on Tuesday. General Motors Company has a one year low of $54.33 and a one year high of $91.85. The company has a market cap of $74.10 billion, a PE ratio of 42.65, a P/E/G ratio of 0.40 and a beta of 1.30. The stock has a 50-day moving average of $81.67 and a 200-day moving average of $79.52. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.14 and a quick ratio of 0.97.
General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, topping analysts' consensus estimates of $3.19 by $0.38. General Motors had a return on equity of 18.18% and a net margin of 1.05%.The business had revenue of $48.03 billion for the quarter, compared to the consensus estimate of $47.01 billion. During the same period in the prior year, the business earned $2.53 EPS. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, equities research analysts predict that General Motors Company will post 13.29 EPS for the current fiscal year.
General Motors Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.72 annualized dividend and a yield of 0.9%. General Motors's dividend payout ratio (DPR) is presently 36.36%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on GM shares. Wells Fargo & Company lifted their target price on shares of General Motors from $60.00 to $61.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group increased their price target on General Motors from $91.00 to $103.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Mizuho lowered their price objective on General Motors from $105.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, April 29th. Barclays boosted their price objective on General Motors from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of General Motors in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $101.41.
Read Our Latest Analysis on GM
General Motors Profile
(
Free Report)
General Motors Company NYSE: GM is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world's largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM's operations encompass vehicle financing, connected services and advanced mobility initiatives.
GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.
See Also
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