Dimensional Fund Advisors LP Acquires 316,196 Shares of General Motors Company $GM

Key Points

• Dimensional Fund Advisors LP increased its stake in General Motors by 2.2% in Q1, now holding approximately $676.32 million worth of shares.
• General Motors reported earnings of $2.53 per share in its latest quarterly earnings, beating estimates, but revenue fell by 1.8% year-over-year.
• The company declared a quarterly dividend of $0.15 per share, representing a 1.1% yield for shareholders.

Dimensional Fund Advisors LP increased its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 2.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,383,079 shares of the auto manufacturer's stock after buying an additional 316,196 shares during the period. Dimensional Fund Advisors LP owned 1.50% of General Motors worth $676,322,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Azimuth Capital Investment Management LLC grew its position in General Motors by 45.4% in the first quarter. Azimuth Capital Investment Management LLC now owns 5,750 shares of the auto manufacturer's stock worth $270,000 after acquiring an additional 1,796 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in General Motors in the first quarter worth $1,300,000. KLCM Advisors Inc. increased its position in General Motors by 0.4% during the first quarter. KLCM Advisors Inc. now owns 190,869 shares of the auto manufacturer's stock worth $8,977,000 after buying an additional 773 shares during the last quarter. Sei Investments Co. raised its holdings in General Motors by 6.8% during the first quarter. Sei Investments Co. now owns 1,188,589 shares of the auto manufacturer's stock valued at $57,742,000 after buying an additional 76,079 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its position in shares of General Motors by 369.9% in the first quarter. Kovitz Investment Group Partners LLC now owns 461,558 shares of the auto manufacturer's stock worth $21,707,000 after buying an additional 363,340 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GM has been the topic of a number of analyst reports. Industrial Alliance Securities set a $70.00 price objective on General Motors in a report on Friday, July 11th. UBS Group lifted their price target on shares of General Motors from $50.00 to $56.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Bank of America reduced their price objective on shares of General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Barclays lifted their target price on shares of General Motors from $45.00 to $55.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Finally, Wells Fargo & Company upped their price target on shares of General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, General Motors currently has an average rating of "Hold" and a consensus target price of $58.05.

General Motors Stock Performance

General Motors stock traded up $0.7860 on Tuesday, hitting $57.0160. The company's stock had a trading volume of 5,968,261 shares, compared to its average volume of 11,820,067. The firm has a market cap of $54.28 billion, a P/E ratio of 9.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.36. The company has a fifty day moving average price of $51.87 and a 200-day moving average price of $48.95. General Motors Company has a one year low of $41.60 and a one year high of $61.24. 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 announced its quarterly earnings results 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 analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the company earned $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, equities analysts anticipate that General Motors Company will post 11.44 earnings per share for the current 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 paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.1%. General Motors's payout ratio is currently 9.52%.

Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of the stock in a transaction on Wednesday, August 13th. The stock was 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 directly owned 12,007 shares in the company, valued at $661,585.70. This represents a 75.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rory Harvey sold 23,977 shares of General Motors stock in a transaction 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 transaction, the executive vice president directly owned 8,513 shares of the company's stock, valued at approximately $451,274.13. The trade was a 73.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

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.