Kathmere Capital Management LLC Invests $314,000 in General Motors Company $GM

Key Points

• Kathmere Capital Management LLC has invested $314,000 in General Motors (NYSE:GM), acquiring 6,382 shares during the second quarter.
• CEO Mary T. Barra sold 907,024 shares of GM stock, a transaction that decreased her ownership by 62.16%, valued at approximately $52.8 million.
• Various analysts have recently updated their ratings for GM, with several firms raising their price targets, reflecting a consensus rating of "Moderate Buy" and a price target of $61.53.

Kathmere Capital Management LLC acquired a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,382 shares of the auto manufacturer's stock, valued at approximately $314,000.

A number of other hedge funds have also recently added to or reduced their stakes in GM. Costello Asset Management INC bought a new position in shares of General Motors in the 1st quarter valued at $32,000. WPG Advisers LLC acquired a new position in General Motors during the 1st quarter worth about $34,000. North Capital Inc. acquired a new position in General Motors during the 1st quarter worth about $40,000. Banque Transatlantique SA acquired a new position in General Motors during the 1st quarter worth about $40,000. Finally, SouthState Corp raised its position in shares of General Motors by 914.4% in the 1st quarter. SouthState Corp now owns 984 shares of the auto manufacturer's stock worth $46,000 after acquiring an additional 887 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

Insiders Place Their Bets

In other news, CEO Mary T. Barra sold 907,024 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer owned 552,238 shares in the company, valued at $32,162,341.12. The trade was a 62.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Christopher Hatto sold 36,804 shares of the business'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 value of $2,027,900.40. Following the completion of the transaction, the chief accounting officer owned 12,007 shares in the company, valued at $661,585.70. The trade was a 75.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,044,824 shares of company stock worth $120,540,709 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GM has been the subject of several research analyst reports. The Goldman Sachs Group reissued a "buy" rating on shares of General Motors in a research report on Friday, July 11th. UBS Group raised General Motors from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $56.00 to $81.00 in a research report on Wednesday, September 24th. Mizuho boosted their target price on General Motors from $58.00 to $67.00 and gave the company an "outperform" rating in a research report on Tuesday, September 23rd. Barclays raised General Motors from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $55.00 to $73.00 in a research report on Friday, September 12th. Finally, JPMorgan Chase & Co. boosted their target price on General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.53.

General Motors Price Performance

GM stock opened at $61.24 on Monday. The company has a market capitalization of $58.31 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 1.29 and a beta of 1.32. 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 Company has a 52-week low of $41.60 and a 52-week high of $61.98. The business has a 50-day simple moving average of $56.38 and a two-hundred day simple moving average of $51.17.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. The business had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The company's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Research analysts expect 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, September 18th. Shareholders of record on Friday, September 5th were paid a dividend of $0.15 per share. The ex-dividend date was 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%.

About General Motors

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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