Fox Run Management L.L.C. Makes New Investment in General Motors Company $GM

Key Points

• Fox Run Management L.L.C. has acquired a new stake in General Motors, purchasing 27,650 shares valued at approximately $1.3 million during the first quarter.
• Significant institutional investors, including Vanguard Group and Goldman Sachs, have increased their stakes in General Motors, reflecting a strong investment interest in the company.
• General Motors announced a quarterly dividend of $0.15 per share, with a record date of September 5th, resulting in an annualized dividend yield of 1.1%.

Fox Run Management L.L.C. purchased a new position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 27,650 shares of the auto manufacturer's stock, valued at approximately $1,300,000.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of General Motors by 456.1% during the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock worth $2,062,000 after acquiring an additional 31,755 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of General Motors by 5.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 119,754 shares of the auto manufacturer's stock valued at $6,372,000 after acquiring an additional 6,558 shares during the last quarter. CreativeOne Wealth LLC boosted its position in shares of General Motors by 46.8% during the 4th quarter. CreativeOne Wealth LLC now owns 12,735 shares of the auto manufacturer's stock valued at $678,000 after acquiring an additional 4,062 shares during the last quarter. Evergreen Capital Management LLC boosted its position in shares of General Motors by 4.2% during the 4th quarter. Evergreen Capital Management LLC now owns 12,296 shares of the auto manufacturer's stock valued at $655,000 after acquiring an additional 493 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of General Motors by 202.6% during the 4th quarter. NewEdge Advisors LLC now owns 63,783 shares of the auto manufacturer's stock valued at $3,398,000 after acquiring an additional 42,707 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Motors

In related news, EVP Rory Harvey sold 23,977 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total value of $1,271,020.77. Following the completion of the sale, the executive vice president directly owned 8,513 shares of the company's stock, valued at $451,274.13. This represents a 73.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Christopher Hatto sold 36,804 shares of the company's stock in a transaction dated 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 completion of the sale, the chief accounting officer directly owned 12,007 shares of the company's stock, valued at approximately $661,585.70. This trade represents a 75.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

General Motors Stock Up 1.5%

NYSE GM traded up $0.83 during trading hours on Tuesday, hitting $57.06. 3,961,899 shares of the company were exchanged, compared to its average volume of 11,816,106. General Motors Company has a 52-week low of $41.60 and a 52-week high of $61.24. The firm has a market cap of $54.33 billion, a price-to-earnings ratio of 9.06, 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. The company has a 50 day moving average of $51.87 and a two-hundred day moving average of $48.95.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS 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 business had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter in the prior year, the business posted $3.06 EPS. The business's revenue for the quarter was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. General Motors's dividend payout ratio is 9.52%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on GM shares. Wedbush boosted their price target on shares of General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a research report on Tuesday. Benchmark started coverage on General Motors in a research note on Monday, July 21st. They issued a "buy" rating and a $65.00 price target on the stock. Sanford C. Bernstein set a $36.00 price target on General Motors in a research note on Monday, May 5th. Bank of America decreased their price target on General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Finally, Citigroup increased their target price 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 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $58.05.

General Motors 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.