5,900 Shares in General Motors Company $GM Bought by Challenger Wealth Management

Key Points

• Challenger Wealth Management has acquired a new stake in General Motors, purchasing 5,900 shares valued at approximately $277,000.
• Several institutional investors significantly increased their holdings in General Motors during the first quarter, with Vanguard Group now owning over $4.67 billion worth of shares.
• General Motors announced a quarterly dividend of $0.15 per share, reflecting an annualized yield of 1.0% and a payout ratio of 9.52%.

Challenger Wealth Management purchased a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,900 shares of the auto manufacturer's stock, valued at approximately $277,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. purchased a new stake in General Motors during the 4th quarter worth $27,000. Costello Asset Management INC purchased a new stake in General Motors during the 1st quarter worth $32,000. WPG Advisers LLC purchased a new stake in General Motors during the 1st quarter worth $34,000. North Capital Inc. purchased a new stake in General Motors during the 1st quarter worth $40,000. Finally, Banque Transatlantique SA purchased a new stake in General Motors during the 1st quarter worth $40,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Mizuho lifted their price target on shares of General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Wedbush increased their price objective on shares of General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Wells Fargo & Company increased their price objective on shares of General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a research note on Wednesday, July 23rd. Benchmark assumed coverage on shares of General Motors in a research note on Monday, July 21st. They set a "buy" rating and a $65.00 price objective on the stock. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of General Motors in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $59.00.

General Motors Stock Performance

Shares of NYSE GM traded down $0.20 during midday trading on Friday, hitting $58.51. The company's stock had a trading volume of 12,020,227 shares, compared to its average volume of 6,148,473. General Motors Company has a 1-year low of $41.60 and a 1-year high of $61.24. The firm's fifty day moving average price is $55.09 and its 200-day moving average price is $50.32. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. The firm has a market cap of $55.71 billion, a P/E ratio of 9.29, a P/E/G ratio of 1.24 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating 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 business had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. During the same period in the previous year, the business posted $3.06 EPS. The company'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. On average, sell-side analysts forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

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

Insider Activity at General Motors

In related news, CEO Mary T. Barra sold 87,839 shares of General Motors stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $58.13, for a total value of $5,106,081.07. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Rory Harvey sold 23,977 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the completion of the sale, the executive vice president directly owned 8,513 shares of the company's stock, valued at approximately $451,274.13. This represents a 73.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,311 shares of company stock worth $62,095,433 in the last ninety days. 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.