General Motors Company $GM Shares Sold by Olstein Capital Management L.P.

Key Points

• Olstein Capital Management cut its stake in General Motors by 31.5% in Q3, selling 39,000 shares and leaving it with 85,000 shares valued at about $5.18 million.
• GM beat Q3 expectations, reporting $2.80 EPS versus a $2.32 consensus and $48.59 billion in revenue versus $44.60 billion, and set FY2025 guidance of 9.75–10.50 EPS.
• There was heavy ownership activity: Vanguard increased its position to 110,759,703 shares (~$5.45B) and Norges Bank and other funds added large stakes, while insiders sold roughly 284,021 shares (~$18.97M), including President Mark Reuss.

Olstein Capital Management L.P. lowered its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 31.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,000 shares of the auto manufacturer's stock after selling 39,000 shares during the quarter. Olstein Capital Management L.P.'s holdings in General Motors were worth $5,182,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of General Motors by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer's stock worth $5,450,485,000 after acquiring an additional 11,418,367 shares during the period. Norges Bank bought a new stake in General Motors during the second quarter worth approximately $444,319,000. Viking Global Investors LP lifted its position in General Motors by 81.1% in the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer's stock worth $640,659,000 after purchasing an additional 5,830,050 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in General Motors in the second quarter worth approximately $125,583,000. Finally, Worldquant Millennium Advisors LLC boosted its stake in General Motors by 436.8% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer's stock valued at $130,826,000 after purchasing an additional 2,163,274 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Trading Down 0.5%

Shares of GM opened at $80.95 on Friday. The business's 50-day moving average price is $75.00 and its 200 day moving average price is $62.47. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $75.52 billion, a P/E ratio of 16.29, a P/E/G ratio of 0.66 and a beta of 1.31. General Motors Company has a 1-year low of $41.60 and a 1-year high of $83.68.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, topping the consensus estimate of $2.32 by $0.48. The company had revenue of $48.59 billion during the quarter, compared to analysts' expectations of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The business's revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the company posted $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, December 5th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, December 5th. General Motors's payout ratio is presently 12.07%.

Insider Activity at General Motors

In other General Motors news, President Mark L. Reuss sold 260,600 shares of the business's stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the sale, the president directly owned 98,006 shares of the company's stock, valued at $6,512,498.70. The trade was a 72.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Christopher Hatto sold 15,697 shares of the stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,098,790.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares of the company's stock, valued at $840,490. The trade was a 56.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 284,021 shares of company stock worth $18,971,788. Corporate insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

GM has been the subject of several research analyst reports. Cowen restated a "buy" rating on shares of General Motors in a report on Friday, December 12th. Weiss Ratings cut shares of General Motors from a "buy (b-)" rating to a "hold (c)" rating in a research report on Saturday, October 25th. Wall Street Zen raised shares of General Motors from a "hold" rating to a "buy" rating in a report on Saturday, December 27th. TD Cowen raised their price objective on shares of General Motors from $92.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, October 22nd. Finally, Zacks Research raised shares of General Motors from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $75.76.

General Motors Company Profile

General Motors Company NYSE: GM is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world's largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM's operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.

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