7,371 Shares in General Motors Company $GM Bought by Kera Capital Partners Inc.

Key Points

• Kera Capital Partners Inc. has acquired a new stake in General Motors, purchasing 7,371 shares valued around $363,000 during the 2nd quarter.
• Major institutional investors, including Vanguard Group and AQR Capital Management, have increased their holdings, contributing to institutional ownership of 92.67% in GM.
• General Motors reported a quarterly earnings per share of $2.53, exceeding expectations of $2.52, with a revenue of $47.12 billion for the quarter.

Kera Capital Partners Inc. purchased a new position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,371 shares of the auto manufacturer's stock, valued at approximately $363,000.

Other institutional investors have also recently bought and sold shares of the company. Costello Asset Management INC purchased a new position in General Motors in the 1st quarter worth about $32,000. WPG Advisers LLC purchased a new position in General Motors in the 1st quarter worth about $34,000. North Capital Inc. purchased a new position in General Motors in the 1st quarter worth about $40,000. Banque Transatlantique SA purchased a new position in General Motors in the 1st quarter worth about $40,000. Finally, SouthState Corp boosted its holdings in shares of 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 purchasing an additional 887 shares during the period. Hedge funds and other institutional investors own 92.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GM. Wedbush raised their price target on General Motors from $55.00 to $65.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Benchmark started coverage on General Motors in a research note on Monday, July 21st. They issued a "buy" rating and a $65.00 price objective on the stock. Citigroup lifted 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. Piper Sandler reissued a "neutral" rating and set a $48.00 target price (up from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company lifted their price objective on General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, General Motors currently has a consensus rating of "Moderate Buy" and an average price target of $59.00.

General Motors Trading Down 0.8%

Shares of General Motors stock traded down $0.47 on Tuesday, hitting $58.48. 6,786,452 shares of the company's stock traded hands, compared to its average volume of 6,371,274. The firm's 50-day moving average price is $55.35 and its two-hundred day moving average price is $50.47. The stock has a market capitalization of $55.68 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32. General Motors Company has a one year low of $41.60 and a one year high of $61.24. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05.

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, beating the consensus estimate of $2.52 by $0.01. The company 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 business's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, research analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

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

Insider Activity

In other news, CAO Christopher Hatto sold 36,804 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were 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 of the company's stock, valued at $661,585.70. The trade was a 75.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mary T. Barra sold 907,024 shares of the company's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the completion of the transaction, the chief executive officer directly owned 552,238 shares of the company's stock, valued at approximately $32,162,341.12. The trade was a 62.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,104,256 shares of company stock valued at $64,129,551 in the last quarter. Company insiders own 0.54% of the company's stock.

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.