General Motors Company $GM Stock Holdings Cut by Douglas Lane & Associates LLC

Key Points

• Douglas Lane & Associates LLC reduced its stake in General Motors (NYSE: GM) by 4.2%, now holding approximately 0.07% of the company valued at $31.64 million after selling 28,218 shares in the second quarter.
• CEO Mary T. Barra sold 87,839 shares at an average price of $58.13, raising concerns about insider selling, while overall insider sales in the last 90 days totaled 1,070,311 shares worth over $62 million.
• General Motors reported a better-than-expected earnings for the last quarter, with $2.53 EPS against estimates of $2.52, despite a 1.8% year-over-year revenue decline.

Douglas Lane & Associates LLC reduced its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 4.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 642,951 shares of the auto manufacturer's stock after selling 28,218 shares during the quarter. Douglas Lane & Associates LLC owned about 0.07% of General Motors worth $31,640,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GM. AQR Capital Management LLC boosted its stake in General Motors by 146.8% during the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock valued at $629,196,000 after purchasing an additional 8,012,743 shares in the last quarter. Vanguard Group Inc. boosted its stake in General Motors by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock valued at $4,672,023,000 after purchasing an additional 6,395,375 shares in the last quarter. Nuveen LLC bought a new position in General Motors during the 1st quarter valued at $175,889,000. Assenagon Asset Management S.A. boosted its stake in General Motors by 305.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,858,959 shares of the auto manufacturer's stock valued at $134,457,000 after purchasing an additional 2,154,037 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in General Motors by 17.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer's stock valued at $603,048,000 after purchasing an additional 1,910,186 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Mary T. Barra sold 87,839 shares of the stock in a transaction on 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Christopher Hatto sold 14,667 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $59.00, for a total value of $865,353.00. Following the sale, the chief accounting officer owned 12,007 shares of the company's stock, valued at approximately $708,413. This represents a 54.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,070,311 shares of company stock worth $62,095,433. Corporate insiders own 0.54% of the company's stock.

General Motors Stock Performance

Shares of General Motors stock opened at $58.51 on Friday. The stock has a market cap of $55.71 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32. The business has a fifty day simple moving average of $55.09 and a 200-day simple moving average of $50.33. 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 Company has a 12 month low of $41.60 and a 12 month high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, topping the consensus estimate of $2.52 by $0.01. The business 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%.General Motors's revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, sell-side analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, September 5th. General Motors's dividend payout ratio (DPR) is currently 9.52%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GM. Benchmark began coverage on General Motors in a research note on Monday, July 21st. They set a "buy" rating and a $65.00 price objective for the company. Bank of America reduced their price objective on General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Piper Sandler reissued a "neutral" rating and set a $48.00 price objective (up from $43.00) on shares of General Motors in a research note on Thursday, May 22nd. Citigroup raised their price objective on General Motors from $59.00 to $61.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. raised their price objective on General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $59.00.

General Motors 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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