Diker Management LLC Has $884,000 Stake in General Motors Company $GM

Key Points

• Diker Management LLC reduced its stake in General Motors Company by 20.0%, holding 18,800 shares valued at around $884,000, making it the firm's 10th largest position.
• General Motors reported better-than-expected earnings, with $2.53 EPS for the quarter, surpassing analysts' estimates and generating $47.12 billion in revenue.
• The company announced a quarterly dividend of $0.15 per share, reflecting an annualized dividend of $0.60 and a yield of 1.1%.

Diker Management LLC lessened its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 20.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,800 shares of the auto manufacturer's stock after selling 4,700 shares during the quarter. General Motors accounts for 1.1% of Diker Management LLC's investment portfolio, making the stock its 10th largest position. Diker Management LLC's holdings in General Motors were worth $884,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. ICONIQ Capital LLC lifted its position in shares of General Motors by 4.2% during the 1st quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer's stock valued at $256,000 after buying an additional 220 shares during the last quarter. Hohimer Wealth Management LLC lifted its holdings in General Motors by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer's stock worth $3,310,000 after purchasing an additional 230 shares in the last quarter. HHM Wealth Advisors LLC lifted its holdings in General Motors by 14.4% during the 1st quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer's stock worth $86,000 after purchasing an additional 232 shares in the last quarter. Aaron Wealth Advisors LLC lifted its holdings in General Motors by 3.6% during the 1st quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer's stock worth $316,000 after purchasing an additional 235 shares in the last quarter. Finally, Burford Brothers Inc. lifted its holdings in General Motors by 2.8% during the 1st quarter. Burford Brothers Inc. now owns 8,718 shares of the auto manufacturer's stock worth $410,000 after purchasing an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Trading Down 1.8%

Shares of GM stock traded down $1.03 during trading hours on Wednesday, reaching $56.98. The company's stock had a trading volume of 426,952 shares, compared to its average volume of 11,332,209. The stock has a market capitalization of $54.25 billion, a P/E ratio of 9.04, a P/E/G ratio of 1.23 and a beta of 1.32. General Motors Company has a one year low of $41.60 and a one year high of $61.24. The firm's fifty day simple moving average is $54.76 and its 200 day simple moving average is $50.10. 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 released its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. The company had revenue of $47.12 billion during the quarter, compared to analysts' expectations of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. 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. Equities research analysts expect that General Motors Company will post 11.44 EPS for the current 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 issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. General Motors's payout ratio is presently 9.52%.

Insider Buying and Selling

In other news, CEO Mary T. Barra sold 87,839 shares of the business's stock in a transaction dated Friday, August 29th. The stock was 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 hyperlink. Also, CAO Christopher Hatto sold 14,667 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $59.00, for a total value of $865,353.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares in the company, valued at $708,413. This represents a 54.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,070,311 shares of company stock valued at $62,095,433 over the last 90 days. Company insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on GM shares. Bank of America lowered their price target on General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Mizuho increased their price objective on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. The Goldman Sachs Group reiterated a "buy" rating on shares of General Motors in a research report on Friday, July 11th. Barclays increased their price objective on General Motors from $45.00 to $55.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Piper Sandler reiterated a "neutral" rating and set a $48.00 price objective (up from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $58.05.

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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