Landscape Capital Management L.L.C. Acquires 26,380 Shares of General Motors Company $GM

Key Points

• Landscape Capital Management L.L.C. significantly increased its stake in General Motors Company by 233.8% in Q1, now owning 37,665 shares valued at approximately $1.77 million.
• General Motors announced a quarterly dividend of $0.15 per share, representing an annual yield of 1.0%, with the dividend payout ratio currently at 9.52%.
• Wall Street analysts have mixed ratings on GM, with a consensus target price of $58.05 and notable price targets set between $36.00 to $70.00 by different firms.

Landscape Capital Management L.L.C. raised its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 233.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,665 shares of the auto manufacturer's stock after buying an additional 26,380 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in General Motors were worth $1,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of GM. Vanguard Group Inc. boosted its position in shares of General Motors by 6.9% during the first quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock worth $4,672,023,000 after acquiring an additional 6,395,375 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in General Motors by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer's stock worth $676,322,000 after purchasing an additional 316,196 shares in the last quarter. Invesco Ltd. lifted its stake in General Motors by 4.5% in the 1st quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer's stock worth $646,482,000 after purchasing an additional 594,217 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of General Motors by 17.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer's stock valued at $603,048,000 after purchasing an additional 1,910,186 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of General Motors by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,447,099 shares of the auto manufacturer's stock valued at $444,297,000 after purchasing an additional 1,020,386 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Buying and Selling

In other General Motors news, 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 transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mary T. Barra sold 907,024 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $58.24, for a total value of $52,825,077.76. Following the transaction, the chief executive officer directly owned 552,238 shares in the company, valued at approximately $32,162,341.12. This represents a 62.16% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,070,311 shares of company stock valued at $62,095,433. Company insiders own 0.54% of the company's stock.

General Motors Trading Up 0.3%

Shares of General Motors stock traded up $0.15 on Monday, reaching $58.64. The company had a trading volume of 4,971,207 shares, compared to its average volume of 6,509,005. The firm has a market cap of $55.83 billion, a price-to-earnings ratio of 9.31, a P/E/G ratio of 1.24 and a beta of 1.32. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The firm's 50-day moving average price is $53.53 and its two-hundred day moving average price is $49.61. General Motors Company has a 1 year low of $41.60 and a 1 year high of $61.24.

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 for the quarter, beating the consensus estimate of $2.52 by $0.01. The company had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.General Motors's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, research analysts predict that General Motors Company will post 11.44 earnings per share 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. 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 dividend on an annualized basis and a dividend yield of 1.0%. General Motors's payout ratio is currently 9.52%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GM shares. Benchmark initiated coverage on General Motors in a research report on Monday, July 21st. They issued a "buy" rating and a $65.00 target price on the stock. Sanford C. Bernstein set a $36.00 price objective on General Motors in a report on Monday, May 5th. UBS Group increased 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. Bank of America cut their target price on shares of General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, BNP Paribas raised shares of General Motors to a "strong-buy" rating in a research note on Monday, May 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, General Motors has a consensus rating of "Hold" and an average target price 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.