Cwm LLC Has $11.13 Million Holdings in General Motors Company $GM

Key Points

• Cwm LLC increased its stake in General Motors Company by 17.2%, owning approximately $11.13 million worth of shares after purchasing 33,208 additional shares during the second quarter.
• General Motors reported a quarterly earnings per share (EPS) of $2.53, exceeding analysts' estimates by $0.01, with revenue of $47.12 billion.
• Several brokerages have adjusted their price targets for GM, with Citigroup raising its price objective to $75.00 and UBS upgrading the stock to a "buy" rating with a target of $81.00.

Cwm LLC raised its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 17.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 226,102 shares of the auto manufacturer's stock after purchasing an additional 33,208 shares during the period. Cwm LLC's holdings in General Motors were worth $11,126,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Trust Co. of Toledo NA OH acquired a new stake in General Motors during the 2nd quarter worth about $25,000. GFG Capital LLC bought a new stake in shares of General Motors during the 2nd quarter valued at about $27,000. Costello Asset Management INC acquired a new stake in General Motors during the first quarter worth approximately $32,000. RMG Wealth Management LLC bought a new stake in General Motors in the second quarter worth approximately $32,000. Finally, WPG Advisers LLC acquired a new position in General Motors in the first quarter valued at approximately $34,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Trading Up 0.5%

GM opened at $55.63 on Tuesday. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $62.14. The firm has a market capitalization of $52.96 billion, a PE ratio of 8.83, a P/E/G ratio of 1.17 and a beta of 1.33. 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 company's 50-day moving average is $57.67 and its 200 day moving average is $51.85.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 12.98% and a net margin of 2.54%.The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.06 EPS. 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 fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.1%. General Motors's dividend payout ratio (DPR) is 9.52%.

Insider Activity

In related news, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Mark L. Reuss sold 136,161 shares of the company's stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $60.12, for a total transaction of $8,185,999.32. Following the completion of the sale, the president directly owned 131,036 shares of the company's stock, valued at $7,877,884.32. The trade was a 50.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,074,824 shares of company stock valued at $122,377,213 over the last quarter. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GM. Citigroup raised their price objective on shares of General Motors from $61.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday, September 22nd. UBS Group upgraded shares of General Motors from a "neutral" rating to a "buy" rating and raised their price target for the stock from $56.00 to $81.00 in a report on Wednesday, September 24th. Wells Fargo & Company upped their price objective on shares of General Motors from $38.00 to $40.00 and gave the company an "underweight" rating in a report on Friday, October 3rd. Bank of America cut their price objective on shares of General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Finally, Barclays boosted their target price on General Motors from $73.00 to $77.00 and gave the company an "overweight" rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $65.00.

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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