General Motors Company $GM Shares Purchased by Bayforest Capital Ltd

Bayforest Capital Ltd boosted its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 4,153.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,509 shares of the auto manufacturer's stock after purchasing an additional 4,403 shares during the quarter. Bayforest Capital Ltd's holdings in General Motors were worth $222,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GM. AQR Capital Management LLC boosted its holdings in General Motors by 146.8% in the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock worth $629,196,000 after purchasing an additional 8,012,743 shares during the period. Vanguard Group Inc. lifted its stake in General Motors by 6.9% in the first quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock valued at $4,672,023,000 after buying an additional 6,395,375 shares during the last quarter. Nuveen LLC acquired a new position in shares of General Motors during the first quarter valued at $175,889,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of General Motors during the second quarter valued at $125,583,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of General Motors by 17.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer's stock valued at $603,048,000 after acquiring an additional 1,910,186 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Price Performance

Shares of NYSE GM opened at $57.32 on Friday. 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 firm's 50-day simple moving average is $57.95 and its 200 day simple moving average is $52.00. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $62.14. The stock has a market cap of $54.57 billion, a P/E ratio of 9.10, a P/E/G ratio of 1.71 and a beta of 1.33.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, topping the consensus estimate of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. 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 previous year, the business earned $3.06 earnings per share. General Motors's revenue for the quarter 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. Equities analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were given a $0.15 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.0%. General Motors's payout ratio is 9.52%.

Insider Buying and Selling at General Motors

In other General Motors news, CEO Mary T. Barra sold 753,720 shares of the business's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total value of $45,185,514.00. Following the sale, the chief executive officer directly owned 433,527 shares in the company, valued at approximately $25,989,943.65. The trade was a 63.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Christopher Hatto sold 23,400 shares of the business's stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $61.01, for a total transaction of $1,427,634.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares in the company, valued at approximately $732,547.07. This trade represents a 66.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,074,824 shares of company stock valued at $122,377,213 in the last ninety days. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GM shares. Wells Fargo & Company boosted their price target on shares of General Motors from $38.00 to $40.00 and gave the company an "underweight" rating in a report on Friday, October 3rd. Wedbush reissued an "outperform" rating and set a $65.00 price target on shares of General Motors in a report on Thursday. Bank of America reduced their price target on shares of General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Weiss Ratings restated a "buy (b-)" rating on shares of General Motors in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of General Motors from $60.00 to $80.00 and gave the company an "overweight" rating in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, General Motors has an average rating of "Moderate Buy" and an average target price of $65.00.

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.

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