CW Advisors LLC Takes $412,000 Position in General Motors Company $GM

Key Points

• CW Advisors LLC has invested approximately $412,000 in General Motors by acquiring 8,498 shares during the first quarter of the year.
• Several institutional investors have increased their stakes in General Motors, with SouthState Corp boosting its holdings by 914.4% during the same period.
• General Motors has declared a quarterly dividend of $0.15 per share, which is set to be paid on September 18th, providing a 1.0% yield for investors.

CW Advisors LLC purchased a new stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,498 shares of the auto manufacturer's stock, valued at approximately $412,000.

A number of other institutional investors have also recently added to or reduced their stakes in GM. Cassia Capital Partners LLC lifted its stake in shares of General Motors by 63.0% during the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock worth $879,000 after purchasing an additional 7,221 shares in the last quarter. AustralianSuper Pty Ltd lifted its stake in shares of General Motors by 38.9% during the first quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock worth $287,428,000 after purchasing an additional 1,712,033 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of General Motors during the first quarter worth about $312,000. Boston Partners acquired a new position in shares of General Motors during the first quarter worth about $719,000. Finally, Malaga Cove Capital LLC acquired a new position in shares of General Motors during the first quarter worth about $292,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GM shares. Piper Sandler restated a "neutral" rating and set a $48.00 price objective (up previously from $43.00) on shares of General Motors in a research note on Thursday, May 22nd. Barclays boosted their price objective on General Motors from $45.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Industrial Alliance Securities set a $70.00 price target on General Motors in a research note on Friday, July 11th. Mizuho boosted their price target on General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Citigroup boosted their price target on General Motors from $59.00 to $61.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. One investment 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $58.05.

Insider Buying and Selling at General Motors

In other General Motors news, 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 sale, the executive vice president owned 8,513 shares in the company, valued at $451,274.13. This represents a 73.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mary T. Barra sold 87,839 shares of the company's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $58.13, for a total value of $5,106,081.07. The disclosure for this sale can be found here. Insiders have sold 1,070,311 shares of company stock worth $62,095,433 over the last quarter. 0.54% of the stock is owned by corporate insiders.

General Motors Stock Up 0.3%

NYSE GM traded up $0.15 on Friday, hitting $58.64. 4,971,207 shares of the stock traded hands, compared to its average volume of 6,737,402. The stock has a 50-day moving average of $53.53 and a 200 day moving average of $49.58. General Motors Company has a twelve month low of $41.60 and a twelve month high of $61.24. The company has a market capitalization of $55.83 billion, a P/E ratio of 9.31, a price-to-earnings-growth ratio of 1.23 and a beta of 1.36. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The firm had revenue of $47.12 billion for the quarter, compared to analysts' expectations of $45.87 billion. During the same quarter in the prior year, the firm posted $3.06 earnings per share. General Motors'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, analysts expect that General Motors Company will post 11.44 earnings per share 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. Shareholders of record on Friday, September 5th will be paid 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.