Kestra Advisory Services LLC Lowers Stock Position in General Motors Company $GM

Key Points

• Kestra Advisory Services LLC reduced its stake in General Motors Company by 17.1%, now holding 103,683 shares valued at approximately $4.88 million.
• Analysts have set a consensus price target of $58.05 for GM stock, with ratings ranging from Strong Buy to Sell.
• General Motors is expected to pay a quarterly dividend of $0.15 per share, with an annualized yield of 1.0%.

Kestra Advisory Services LLC lessened its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 17.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,683 shares of the auto manufacturer's stock after selling 21,423 shares during the quarter. Kestra Advisory Services LLC's holdings in General Motors were worth $4,876,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Measured Risk Portfolios Inc. purchased a new position in shares of General Motors in the 4th quarter worth about $27,000. Costello Asset Management INC purchased a new position in shares of General Motors during the 1st quarter valued at about $32,000. North Capital Inc. bought a new stake in General Motors in the 1st quarter worth approximately $40,000. SouthState Corp boosted its stake in General Motors by 914.4% in the first quarter. SouthState Corp now owns 984 shares of the auto manufacturer's stock worth $46,000 after buying an additional 887 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its position 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 valued at $50,000 after acquiring an additional 626 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GM shares. CLSA upgraded shares of General Motors to a "moderate buy" rating in a report on Monday, July 7th. BNP Paribas upgraded shares of General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Barclays boosted their price target on shares of General Motors from $45.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Mizuho increased their target price on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $58.05.

General Motors Stock Up 0.3%

General Motors stock traded up $0.15 during trading hours on Friday, hitting $58.64. 4,971,207 shares of the stock traded hands, compared to its average volume of 6,737,402. General Motors Company has a one year low of $41.60 and a one year high of $61.24. The firm's 50-day moving average price is $53.53 and its two-hundred day moving average price is $49.58. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. The company has a market cap of $55.83 billion, a PE ratio of 9.31, a PEG ratio of 1.23 and a beta of 1.36.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 12.98% and a net margin of 2.54%.The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, research analysts forecast that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The firm also recently disclosed 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 of this dividend 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 Buying and Selling

In other news, EVP Rory Harvey sold 23,977 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total value of $1,271,020.77. Following the completion of the transaction, the executive vice president owned 8,513 shares in the company, valued at $451,274.13. The trade was a 73.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Christopher Hatto sold 14,667 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $59.00, for a total transaction of $865,353.00. Following the transaction, the chief accounting officer owned 12,007 shares in the company, valued at approximately $708,413. This trade represents a 54.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,070,311 shares of company stock worth $62,095,433 in the last 90 days. Insiders own 0.54% of the company's stock.

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.