General Motors Company $GM Stake Boosted by Cwm LLC

Key Points

• Cwm LLC boosted its stake in General Motors by 50.8% in Q3 to 340,858 shares valued at about $20.78 million, part of an overall institutional ownership of 92.67%.
• GM beat quarterly expectations with EPS $2.80 vs. $2.32 expected and revenue of $48.59 billion vs. $44.6B expected, and set FY2025 guidance of 9.75–10.50 EPS.
• Company insiders have been net sellers recently — President Mark L. Reuss sold 260,600 shares and insiders sold 284,021 shares worth about $18.97 million over the past 90 days.

Cwm LLC lifted its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 50.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 340,858 shares of the auto manufacturer's stock after purchasing an additional 114,756 shares during the quarter. Cwm LLC's holdings in General Motors were worth $20,782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GM. Corient Private Wealth LLC lifted its holdings in shares of General Motors by 6.2% in the second quarter. Corient Private Wealth LLC now owns 341,426 shares of the auto manufacturer's stock valued at $16,802,000 after buying an additional 20,017 shares during the period. Engineers Gate Manager LP grew its holdings in General Motors by 200.3% during the second quarter. Engineers Gate Manager LP now owns 1,282,075 shares of the auto manufacturer's stock worth $63,091,000 after acquiring an additional 855,137 shares during the period. Capital Investment Advisors LLC raised its position in General Motors by 6.3% in the second quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer's stock worth $434,000 after acquiring an additional 526 shares in the last quarter. United Advisor Group LLC acquired a new stake in General Motors in the 2nd quarter valued at about $220,000. Finally, Paloma Partners Management Co bought a new position in shares of General Motors during the 1st quarter valued at about $1,764,000. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Price Performance

GM opened at $83.04 on Friday. The stock has a fifty day moving average of $73.39 and a 200-day moving average of $61.42. The firm has a market capitalization of $77.46 billion, a P/E ratio of 16.71, a PEG ratio of 0.75 and a beta of 1.30. General Motors Company has a 12-month low of $41.60 and a 12-month high of $83.68. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates of $2.32 by $0.48. The business had revenue of $48.59 billion for the quarter, compared to the consensus estimate of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.General Motors's revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities analysts forecast 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 was paid on Thursday, December 18th. Stockholders of record on Friday, December 5th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, December 5th. General Motors's dividend payout ratio is 12.07%.

Insider Activity at General Motors

In related news, President Mark L. Reuss sold 260,600 shares of the business's stock in a transaction that occurred 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 transaction, the president directly owned 98,006 shares of the company's stock, valued at approximately $6,512,498.70. The trade was a 72.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Christopher Hatto sold 7,724 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total transaction of $556,128.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares of the company's stock, valued at approximately $864,504. The trade was a 39.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 284,021 shares of company stock valued at $18,971,788. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on GM. Barclays boosted their target price on shares of General Motors from $77.00 to $85.00 and gave the stock an "overweight" rating in a report on Wednesday, October 22nd. Mizuho set a $90.00 price objective on General Motors in a research report on Tuesday, December 16th. Morgan Stanley raised General Motors from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $54.00 to $90.00 in a research note on Monday, December 8th. Weiss Ratings cut General Motors from a "buy (b-)" rating to a "hold (c)" rating in a report on Saturday, October 25th. Finally, Wedbush upped their target price on General Motors from $75.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, December 18th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, General Motors currently has an average rating of "Moderate Buy" and an average price target of $75.76.

About General Motors

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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