General Motors Company $GM Shares Sold by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its holdings in General Motors by 24.2%, selling 117,162 shares and bringing its total ownership to 367,609 shares, valued at approximately $17.29 million.
• General Motors recently reported Q2 earnings of $2.53 per share, slightly above analysts' expectations, with total revenue of $47.12 billion, but a year-over-year revenue decline of 1.8%.
• The company has a current market capitalization of $55.70 billion and announced a quarterly dividend of $0.15 per share, yielding 1.0% annually.

Lansforsakringar Fondforvaltning AB publ cut its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 24.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 367,609 shares of the auto manufacturer's stock after selling 117,162 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in General Motors were worth $17,289,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cassia Capital Partners LLC grew its holdings in shares of General Motors by 63.0% in the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock valued at $879,000 after purchasing an additional 7,221 shares in the last quarter. Mirova boosted its position in General Motors by 4.1% in the 1st quarter. Mirova now owns 133,969 shares of the auto manufacturer's stock valued at $6,301,000 after buying an additional 5,293 shares during the period. AustralianSuper Pty Ltd grew its stake in shares of General Motors by 38.9% in the first quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock worth $287,428,000 after acquiring an additional 1,712,033 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of General Motors during the first quarter worth $312,000. Finally, Boston Partners purchased a new stake in shares of General Motors during the first quarter worth $719,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Analyst Ratings Changes

GM has been the subject of a number of recent research reports. Mizuho lifted their target price on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, May 16th. UBS Group increased their price target on General Motors from $50.00 to $56.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Barclays lifted their price objective on General Motors from $45.00 to $55.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Bank of America cut their target price on shares of 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, Sanford C. Bernstein set a $36.00 target price on shares of General Motors in a report on Monday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $58.05.

Insider Buying and Selling at General Motors

In related news, CEO Mary T. Barra sold 907,024 shares of the company's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $58.24, for a total value of $52,825,077.76. Following the completion of the sale, the chief executive officer directly owned 552,238 shares of the company's stock, valued at $32,162,341.12. This represents a 62.16% 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 General Motors stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total value of $2,027,900.40. Following the transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $661,585.70. This trade represents a 75.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,070,311 shares of company stock worth $62,095,433 over the last 90 days. Corporate insiders own 0.54% of the company's stock.

General Motors Stock Up 0.3%

Shares of NYSE GM traded up $0.15 during midday trading on Monday, hitting $58.64. 4,971,207 shares of the company's stock were exchanged, compared to its average volume of 6,509,005. The firm's fifty day simple moving average is $53.53 and its 200-day simple moving average is $49.61. The company has a market cap of $55.83 billion, a PE ratio of 9.31, a P/E/G ratio of 1.24 and a beta of 1.32. General Motors Company has a twelve month low of $41.60 and a twelve month high of $61.24. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating 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 company had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same period in the prior year, the firm 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. Research analysts predict that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently declared 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 yield of 1.0%. General Motors's payout ratio is 9.52%.

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.