Gamco Investors INC. ET AL Raises Position in General Motors Company $GM

Key Points

• Gamco Investors INC. ET AL increased its stake in General Motors by 12.6% during the first quarter, bringing its total holdings to 54,286 shares valued at approximately $2.55 million.
• General Motors reported $2.53 EPS for its latest quarter, slightly surpassing analyst estimates and posted a revenue of $47.12 billion, despite a 1.8% decline compared to the same quarter last year.
• The company declared a quarterly dividend of $0.15 per share, yielding 1.0% annually, with a payout ratio of 9.52% as part of its continued shareholder return strategy.

Gamco Investors INC. ET AL grew its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 12.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,286 shares of the auto manufacturer's stock after buying an additional 6,086 shares during the period. Gamco Investors INC. ET AL's holdings in General Motors were worth $2,553,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GM. Cassia Capital Partners LLC raised its position in General Motors by 63.0% in the 1st quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock worth $879,000 after purchasing an additional 7,221 shares during the period. Mirova increased its holdings in shares of General Motors by 4.1% in the first quarter. Mirova now owns 133,969 shares of the auto manufacturer's stock worth $6,301,000 after buying an additional 5,293 shares during the period. AustralianSuper Pty Ltd lifted its stake in shares of General Motors by 38.9% in the 1st quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock valued at $287,428,000 after acquiring an additional 1,712,033 shares during the last quarter. Sowell Financial Services LLC purchased a new position in General Motors in the 1st quarter worth approximately $312,000. Finally, Boston Partners purchased a new position in shares of General Motors in the first quarter worth $719,000. 92.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GM shares. Sanford C. Bernstein set a $36.00 price target on shares of General Motors in a report on Monday, May 5th. The Goldman Sachs Group reiterated a "buy" rating on shares of General Motors in a report on Friday, July 11th. CLSA upgraded General Motors to a "moderate buy" rating in a report on Monday, July 7th. Industrial Alliance Securities set a $70.00 price objective on General Motors in a report on Friday, July 11th. Finally, Citigroup lifted their price objective on General Motors from $59.00 to $61.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $58.05.

General Motors Stock Up 0.0%

GM stock traded up $0.01 during trading on Tuesday, hitting $58.60. 3,827,212 shares of the company's stock traded hands, compared to its average volume of 11,541,982. The firm has a market capitalization of $55.79 billion, a P/E ratio of 9.30, a PEG ratio of 1.24 and a beta of 1.32. 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 Company has a 1 year low of $41.60 and a 1 year high of $61.24. The business has a fifty day simple moving average of $53.73 and a two-hundred day simple moving average of $49.68.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its 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. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The business had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. During the same period in the previous year, the company posted $3.06 earnings per share. The firm's revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Sell-side analysts anticipate that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The company 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 1.0%. The ex-dividend date of this dividend is Friday, September 5th. General Motors's payout ratio is 9.52%.

Insider Transactions at General Motors

In other news, EVP Rory Harvey sold 23,977 shares of the company's 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 completion of the transaction, 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 filing with the SEC, which is available through this link. 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 transaction of $865,353.00. Following the sale, the chief accounting officer directly owned 12,007 shares of the company's stock, valued at $708,413. This represents a 54.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,311 shares of company stock valued at $62,095,433 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

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.