CCM Investment Advisers LLC Boosts Stock Holdings in General Motors Company $GM

CCM Investment Advisers LLC grew its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 5.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,465 shares of the auto manufacturer's stock after purchasing an additional 13,275 shares during the quarter. CCM Investment Advisers LLC's holdings in General Motors were worth $11,686,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of General Motors by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock valued at $4,672,023,000 after purchasing an additional 6,395,375 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of General Motors by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer's stock valued at $676,322,000 after purchasing an additional 316,196 shares in the last quarter. Invesco Ltd. increased its holdings in General Motors by 4.5% in the 1st quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer's stock worth $646,482,000 after acquiring an additional 594,217 shares in the last quarter. AQR Capital Management LLC increased its holdings in General Motors by 146.8% in the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock worth $629,196,000 after acquiring an additional 8,012,743 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in General Motors by 17.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer's stock worth $603,048,000 after acquiring an additional 1,910,186 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Trading Down 0.5%

Shares of GM opened at $58.60 on Wednesday. General Motors Company has a 52-week low of $41.60 and a 52-week high of $61.24. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The firm's fifty day moving average is $55.94 and its two-hundred day moving average is $50.88. The stock has a market cap of $55.79 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced 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 company had revenue of $47.12 billion for the quarter, compared to analysts' expectations of $45.87 billion. During the same quarter in the previous year, the company posted $3.06 EPS. The firm's quarterly revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Research analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

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

Wall Street Analyst Weigh In

GM has been the subject of several recent analyst reports. Barclays raised shares of General Motors from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $55.00 to $73.00 in a report on Friday, September 12th. Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a report on Friday, July 11th. JPMorgan Chase & Co. boosted their price target on shares of General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Wedbush boosted their price target 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. Finally, CLSA raised shares of General Motors to a "moderate buy" rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $60.21.

Insider Activity

In other news, EVP Rory Harvey sold 23,977 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the transaction, the executive vice president owned 8,513 shares of the company's stock, valued at approximately $451,274.13. The trade was a 73.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Christopher Hatto sold 36,804 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $661,585.70. The trade was a 75.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,104,256 shares of company stock valued at $64,129,551. 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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