Avantra Family Wealth Inc. Sells 5,734 Shares of General Motors Company $GM

Key Points

• Avantra Family Wealth Inc. has reduced its holdings in General Motors by 39.0%, selling 5,734 shares during the 2nd quarter, leading to a total of 8,987 shares valued at $442,000.
• Recent analyst reports have seen price targets for GM's shares vary, with Citigroup raising its target from $61.00 to $75.00 while Bank of America lowered its target from $65.00 to $62.00, reflecting a consensus rating of Moderate Buy.
• CEO Mary T. Barra recently sold 753,720 shares at an average price of $59.95, representing a 63.48% decrease in her position, with similar significant insider sales occurring recently.

Avantra Family Wealth Inc. reduced its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 39.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,987 shares of the auto manufacturer's stock after selling 5,734 shares during the quarter. Avantra Family Wealth Inc.'s holdings in General Motors were worth $442,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cassia Capital Partners LLC increased its holdings 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 valued at $879,000 after buying an additional 7,221 shares during the period. Mirova increased its holdings in General Motors by 4.1% in the 1st quarter. Mirova now owns 133,969 shares of the auto manufacturer's stock valued at $6,301,000 after buying an additional 5,293 shares during the period. Capital Investment Advisors LLC increased its holdings in General Motors by 6.3% in the 2nd quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer's stock valued at $434,000 after buying an additional 526 shares during the period. AustralianSuper Pty Ltd increased its holdings 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 valued at $287,428,000 after buying an additional 1,712,033 shares during the period. Finally, Sowell Financial Services LLC bought a new position in General Motors in the 1st quarter valued at about $312,000. 92.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GM has been the topic of several recent analyst reports. Citigroup raised their target price on shares of General Motors from $61.00 to $75.00 and gave the company a "buy" rating in a report on Monday, September 22nd. Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a research note on Friday, July 11th. Benchmark started coverage on shares of General Motors in a research note on Monday, July 21st. They issued a "buy" rating and a $65.00 price target on the stock. Bank of America reduced their price target on shares of General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company raised their price target on shares of General Motors from $38.00 to $40.00 and gave the company an "underweight" rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $62.85.

Insider Buying and Selling at General Motors

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

General Motors Trading Down 3.3%

GM opened at $58.17 on Tuesday. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $62.14. 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 firm has a market capitalization of $55.38 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 1.27 and a beta of 1.33. The company's 50 day moving average price is $57.31 and its two-hundred day moving average price is $51.63.

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 for the quarter, topping 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 for the quarter, compared to analyst estimates of $45.87 billion. During the same period in the previous year, the firm posted $3.06 EPS. The company'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, 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 announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, September 5th. General Motors's payout ratio is presently 9.52%.

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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