Compound Planning Inc. Sells 53,073 Shares of General Motors Company $GM

Key Points

• Compound Planning Inc. reduced its stake in General Motors by 79.5% during the first quarter, selling 53,073 shares and retaining only 13,653 shares worth approximately $642,000.
• Institutional investors currently own 92.67% of General Motors stock, with several hedge funds recently increasing their positions, including SouthState Corp and Princeton Global Asset Management LLC.
• General Motors announced a quarterly dividend of $0.15 per share, to be paid on September 18th, representing a 1.0% dividend yield and a payout ratio of 9.52%.

Compound Planning Inc. trimmed its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 79.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,653 shares of the auto manufacturer's stock after selling 53,073 shares during the quarter. Compound Planning Inc.'s holdings in General Motors were worth $642,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Measured Risk Portfolios Inc. bought a new stake in General Motors during the 4th quarter worth approximately $27,000. Costello Asset Management INC acquired a new position in General Motors in the first quarter worth $32,000. North Capital Inc. bought a new stake in shares of General Motors during the first quarter worth $40,000. SouthState Corp grew its holdings in shares of General Motors by 914.4% during the first quarter. SouthState Corp now owns 984 shares of the auto manufacturer's stock worth $46,000 after purchasing an additional 887 shares during the last quarter. Finally, Princeton Global Asset Management LLC increased its stake in shares of General Motors by 141.0% in the first quarter. Princeton Global Asset Management LLC now owns 1,070 shares of the auto manufacturer's stock valued at $50,000 after buying an additional 626 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GM shares. Benchmark initiated coverage on shares of General Motors in a research note on Monday, July 21st. They set a "buy" rating and a $65.00 price target for the company. Piper Sandler reiterated a "neutral" rating and set a $48.00 price objective (up previously from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. BNP Paribas raised General Motors to a "strong-buy" rating in a research note on Monday, May 5th. Citigroup raised their price objective on General Motors from $59.00 to $61.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Bank of America cut their price objective on General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, General Motors presently has a consensus rating of "Hold" and a consensus target price of $58.05.

Insider Activity at General Motors

In related news, EVP Rory Harvey sold 23,977 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total value of $1,271,020.77. Following the completion of the transaction, the executive vice president directly owned 8,513 shares of the company's stock, valued at approximately $451,274.13. This trade represents a 73.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christopher Hatto sold 36,804 shares of General Motors stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer owned 12,007 shares of the company's stock, valued at $661,585.70. This represents a 75.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

General Motors Stock Down 0.2%

NYSE GM traded down $0.14 on Friday, reaching $58.35. The company had a trading volume of 1,978,274 shares, compared to its average volume of 11,570,627. General Motors Company has a 52-week low of $41.60 and a 52-week high of $61.24. The stock has a market capitalization of $55.55 billion, a P/E ratio of 9.27, a P/E/G ratio of 1.24 and a beta of 1.36. The company's fifty day moving average is $53.32 and its 200 day moving average is $49.50. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating the consensus estimate of $2.52 by $0.01. The firm had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the business posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Sell-side analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be given a dividend of $0.15 per share. 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 is presently 9.52%.

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.