Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 30,800 Shares of General Motors Company $GM

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in General Motors by 18.2%, ending the first quarter with 138,889 shares valued at approximately $6.53 million.
• General Motors reported $2.53 EPS for the quarter, slightly beating expectations, with revenue falling 1.8% year-over-year.
• The company declared a quarterly dividend of $0.15 per share, representing an annual yield of 1.1%.

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 18.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 138,889 shares of the auto manufacturer's stock after selling 30,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in General Motors were worth $6,532,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Hohimer Wealth Management LLC lifted its holdings in General Motors by 0.3% in 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 during the last quarter. HHM Wealth Advisors LLC lifted its holdings in General Motors by 14.4% in 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 during the last quarter. Aaron Wealth Advisors LLC lifted its holdings in General Motors by 3.6% in 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 during the last quarter. Burford Brothers Inc. lifted its holdings in General Motors by 2.8% in 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 during the last quarter. Finally, Royal Capital Wealth Management LLC lifted its holdings in General Motors by 5.3% in the 4th quarter. Royal Capital Wealth Management LLC now owns 5,060 shares of the auto manufacturer's stock worth $270,000 after purchasing an additional 255 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

Insider Buying and Selling at General Motors

In related news, CAO Christopher Hatto sold 36,804 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total value of $2,027,900.40. Following the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at $661,585.70. This trade represents a 75.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Rory Harvey sold 23,977 shares of General Motors 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 transaction, the executive vice president directly owned 8,513 shares in the company, valued at $451,274.13. The trade was a 73.80% decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on GM. Mizuho boosted their target price on General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Industrial Alliance Securities set a $70.00 price target on General Motors in a report on Friday, July 11th. Royal Bank Of Canada reiterated an "outperform" rating on shares of General Motors in a report on Thursday, July 24th. Wells Fargo & Company upped their price target on General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a report on Wednesday, July 23rd. Finally, Sanford C. Bernstein set a $36.00 price target on General Motors in a report on Monday, May 5th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $58.05.

General Motors Price Performance

NYSE:GM traded up $0.7860 during trading hours on Tuesday, reaching $57.0160. The company had a trading volume of 5,986,445 shares, compared to its average volume of 11,830,087. The stock has a 50-day moving average of $51.87 and a two-hundred day moving average of $48.95. General Motors Company has a one year low of $41.60 and a one year high of $61.24. The firm has a market capitalization of $54.28 billion, a PE ratio of 9.05, a PEG ratio of 1.19 and a beta of 1.36. 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 earnings per share for the quarter, beating analysts' consensus estimates 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 period in the prior year, the business posted $3.06 earnings per share. The business's revenue 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. Analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, September 5th. 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.