Campbell & CO Investment Adviser LLC Trims Stock Position in General Motors Company $GM

Key Points

• Campbell & CO Investment Adviser LLC reduced its stake in General Motors by 19.9%, selling 9,067 shares and leaving it with a total of 36,596 shares valued at approximately $1.72 million.
• General Motors' recent quarterly earnings exceeded analyst expectations, reporting $2.53 EPS against a consensus estimate of $2.52, along with a revenue of $47.12 billion, above the anticipated $45.87 billion.
• The company declared a quarterly dividend of $0.15 per share, with a yield of about 1.0%, set to be paid on September 18th to shareholders on record by September 5th.

Campbell & CO Investment Adviser LLC trimmed its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 19.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,596 shares of the auto manufacturer's stock after selling 9,067 shares during the period. Campbell & CO Investment Adviser LLC's holdings in General Motors were worth $1,721,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GM. Measured Risk Portfolios Inc. purchased a new stake in shares of General Motors in the fourth quarter worth approximately $27,000. Costello Asset Management INC purchased a new stake in shares of General Motors in the first quarter worth approximately $32,000. North Capital Inc. purchased a new stake in shares of General Motors in the first quarter worth approximately $40,000. SouthState Corp raised its holdings in shares of General Motors by 914.4% in the first quarter. SouthState Corp now owns 984 shares of the auto manufacturer's stock worth $46,000 after buying an additional 887 shares during the period. Finally, Princeton Global Asset Management LLC raised its holdings in shares of General Motors by 141.0% in the first quarter. Princeton Global Asset Management LLC now owns 1,070 shares of the auto manufacturer's stock worth $50,000 after buying an additional 626 shares during the period. 92.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other General Motors news, CEO Mary T. Barra sold 87,839 shares of General Motors stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $58.13, for a total transaction of $5,106,081.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rory Harvey sold 23,977 shares of General Motors 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 sale, the executive vice president directly owned 8,513 shares of the company's stock, valued at approximately $451,274.13. This represents a 73.80% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,070,311 shares of company stock valued at $62,095,433. 0.54% of the stock is owned by company insiders.

General Motors Stock Up 0.3%

Shares of General Motors stock traded up $0.15 during trading on Friday, reaching $58.64. The company's stock had a trading volume of 4,971,207 shares, compared to its average volume of 6,737,402. 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 market cap of $55.83 billion, a price-to-earnings ratio of 9.31, a P/E/G ratio of 1.23 and a beta of 1.36. General Motors Company has a 1-year low of $41.60 and a 1-year high of $61.24. The company has a 50-day simple moving average of $53.53 and a two-hundred day simple moving average of $49.58.

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

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders 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 payout ratio is currently 9.52%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GM shares. CLSA upgraded General Motors to a "moderate buy" rating in a report on Monday, July 7th. Piper Sandler reiterated a "neutral" rating and issued a $48.00 price target (up from $43.00) on shares of General Motors in a report on Thursday, May 22nd. Bank of America reduced their price target on General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. UBS Group raised their price objective on General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of General Motors in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.