General Motors Company $GM Shares Sold by Adalta Capital Management LLC

Key Points

• Adalta Capital Management LLC significantly reduced its holdings in General Motors by 62.3%, now owning only 10,000 shares, valued at approximately $470,000.
• General Motors announced a quarterly dividend of $0.15 per share, set to be paid on September 18th, resulting in an annualized yield of 1.0%.
• In terms of stock performance, GM's shares are currently trading around $58.24, with a market cap of $55.45 billion and a price-to-earnings ratio of 9.25.

Adalta Capital Management LLC lowered its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 62.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the auto manufacturer's stock after selling 16,500 shares during the period. Adalta Capital Management LLC's holdings in General Motors were worth $470,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Canada Post Corp Registered Pension Plan lifted its holdings in shares of General Motors by 231.5% in the first quarter. Canada Post Corp Registered Pension Plan now owns 72,741 shares of the auto manufacturer's stock valued at $3,421,000 after purchasing an additional 50,798 shares in the last quarter. Arete Wealth Advisors LLC raised its holdings in shares of General Motors by 281.1% during the first quarter. Arete Wealth Advisors LLC now owns 17,090 shares of the auto manufacturer's stock worth $804,000 after acquiring an additional 12,606 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of General Motors during the first quarter worth $7,457,000. Challenger Wealth Management purchased a new stake in shares of General Motors during the first quarter worth $277,000. Finally, Kestra Investment Management LLC raised its holdings in shares of General Motors by 107.1% during the first quarter. Kestra Investment Management LLC now owns 8,531 shares of the auto manufacturer's stock worth $401,000 after acquiring an additional 4,411 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Activity

In other General Motors news, EVP Rory Harvey sold 23,977 shares of General Motors stock in a transaction 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 approximately $451,274.13. This trade represents a 73.80% 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 link. Also, CEO Mary T. Barra sold 87,839 shares of General Motors stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $58.13, for a total transaction of $5,106,081.07. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,070,311 shares of company stock worth $62,095,433. Company insiders own 0.54% of the company's stock.

General Motors Price Performance

Shares of NYSE:GM opened at $58.24 on Monday. The business has a 50 day moving average price of $54.46 and a 200 day moving average price of $49.96. General Motors Company has a twelve month low of $41.60 and a twelve month high of $61.24. The company has a market cap of $55.45 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 1.23 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 (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, topping 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 period last year, the business earned $3.06 earnings per share. The firm'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. Research analysts predict 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 dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. General Motors's dividend payout ratio (DPR) is 9.52%.

Analyst Ratings Changes

GM has been the topic of several analyst reports. Royal Bank Of Canada reissued an "outperform" rating on shares of General Motors in a research report on Thursday, July 24th. JPMorgan Chase & Co. increased their target price on shares of General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Piper Sandler reissued a "neutral" rating and set a $48.00 target price (up from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Barclays increased their target price on shares of General Motors from $45.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Citigroup increased their target price on shares of General Motors from $59.00 to $61.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $58.05.

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.

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