General Motors Company $GM Shares Sold by Huber Capital Management LLC

Key Points

• Huber Capital Management LLC has reduced its holdings in General Motors by 12.3%, selling 27,000 shares and now owns 192,735 shares valued at approximately $9 million.
• Notable insider activity includes CAO Christopher Hatto selling 36,804 shares and EVP Rory Harvey selling 23,977 shares, reflecting significant decreases in their respective ownership stakes.
• Analysts have mixed outlooks on General Motors, with price target adjustments leading to a consensus rating of "Hold" and an average price target of $58.05 per share.

Huber Capital Management LLC reduced its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 12.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 192,735 shares of the auto manufacturer's stock after selling 27,000 shares during the period. General Motors accounts for about 1.7% of Huber Capital Management LLC's holdings, making the stock its 21st biggest holding. Huber Capital Management LLC's holdings in General Motors were worth $9,064,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of GM. Measured Risk Portfolios Inc. acquired a new position in shares of General Motors in the 4th quarter valued at $27,000. Costello Asset Management INC purchased a new stake in General Motors in the 1st quarter valued at about $32,000. North Capital Inc. acquired a new position in General Motors in the first quarter valued at about $40,000. SouthState Corp boosted its stake in General Motors by 914.4% during 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 boosted its stake in General Motors by 141.0% during 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 currently owned by institutional investors and hedge funds.

General Motors Stock Up 0.3%

Shares of NYSE:GM traded up $0.15 during trading hours on Friday, reaching $58.64. The stock had a trading volume of 4,971,207 shares, compared to its average volume of 6,737,402. General Motors Company has a 1 year low of $41.60 and a 1 year high of $61.24. The firm's 50 day moving average is $53.53 and its 200-day moving average is $49.59. The stock has a market capitalization of $55.83 billion, a price-to-earnings ratio of 9.31, a P/E/G ratio of 1.24 and a beta of 1.36. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (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 net margin of 2.54% and a return on equity of 12.98%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.06 EPS. 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 earnings per share for the current fiscal year.

General Motors Announces Dividend

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

Insider Activity at General Motors

In other General Motors news, EVP Rory Harvey sold 23,977 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total value of $1,271,020.77. Following the transaction, the executive vice president directly owned 8,513 shares in the company, valued at $451,274.13. This represents a 73.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Christopher Hatto sold 36,804 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $661,585.70. The trade was 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 valued at $62,095,433 over the last three months. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GM shares. BNP Paribas raised shares of General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Bank of America lowered their price target on General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Wedbush boosted their price objective on General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a report on Tuesday, August 19th. Piper Sandler reissued a "neutral" rating and set a $48.00 target price (up previously from $43.00) on shares of General Motors in a research note on Thursday, May 22nd. Finally, UBS Group lifted their target price on General Motors from $50.00 to $56.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company 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.