Kingstone Capital Partners Texas LLC Invests $125.58 Million in General Motors Company $GM

Key Points

• Kingstone Capital Partners Texas LLC has made a significant investment of approximately $125.58 million in General Motors by acquiring 2,551,980 shares in the 2nd quarter.
• General Motors reported a quarterly earnings per share (EPS) of $2.53, exceeding analysts' expectations, while also announcing a quarterly dividend of $0.15 with a 1.0% dividend yield.
• Research analysts have set a range of price targets for GM's stock, with Barclays upgrading it to an "overweight" rating and increasing their price target from $55.00 to $73.00.

Kingstone Capital Partners Texas LLC purchased a new stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,551,980 shares of the auto manufacturer's stock, valued at approximately $125,583,000. Kingstone Capital Partners Texas LLC owned 0.27% of General Motors at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GM. Cassia Capital Partners LLC increased its stake in General Motors by 63.0% in the 1st quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock valued at $879,000 after buying an additional 7,221 shares during the period. Mirova increased its stake in shares of General Motors by 4.1% in the first quarter. Mirova now owns 133,969 shares of the auto manufacturer's stock worth $6,301,000 after acquiring an additional 5,293 shares during the last quarter. AustralianSuper Pty Ltd increased its stake in shares of General Motors by 38.9% in the first quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock worth $287,428,000 after acquiring an additional 1,712,033 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of General Motors in the first quarter worth $312,000. Finally, Boston Partners acquired a new position in shares of General Motors in the first quarter worth $719,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GM has been the topic of a number of research reports. UBS Group increased their price objective on General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. JPMorgan Chase & Co. increased their price target on shares of General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a research note on Friday, July 11th. Wedbush increased their price target on shares of General Motors from $55.00 to $65.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of General Motors in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, General Motors currently has an average rating of "Moderate Buy" and an average target price of $59.74.

Insider Buying and Selling at General Motors

In related news, EVP Rory Harvey sold 4,459 shares of the business's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $59.95, for a total value of $267,317.05. Following the sale, the executive vice president owned 8,513 shares of the company's stock, valued at $510,354.35. The trade was a 34.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Christopher Hatto sold 14,667 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $59.00, for a total value of $865,353.00. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $708,413. This represents a 54.99% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,104,256 shares of company stock valued at $64,129,551. 0.54% of the stock is currently owned by corporate insiders.

General Motors Stock Performance

GM traded down $0.02 during trading on Monday, reaching $58.96. 3,795,823 shares of the company's stock were exchanged, compared to its average volume of 11,190,109. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $61.24. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The business has a 50 day moving average price of $55.71 and a 200 day moving average price of $50.74. The company has a market capitalization of $56.13 billion, a P/E ratio of 9.36, a PEG ratio of 1.24 and a beta of 1.32.

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 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The business had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same period in the previous year, the business earned $3.06 EPS. The firm's revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, analysts predict that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, September 5th. General Motors's payout ratio is presently 9.52%.

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.