Mainstay Capital Management LLC ADV Purchases 9,501 Shares of General Motors Company $GM

Key Points

• Mainstay Capital Management LLC ADV increased its stake in General Motors by 100.5%, acquiring an additional 9,501 shares in the second quarter, now holding 18,952 shares worth approximately $933,000.
• Institutional investors make up 92.67% of General Motors' ownership, with several firms, including GFG Capital and Shell Asset Management, increasing their positions during the second quarter.
• General Motors recently declared a quarterly dividend of $0.15 per share, reflecting an annualized yield of 1.1%, with a payout ratio of 9.52%.

Mainstay Capital Management LLC ADV grew its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 100.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,952 shares of the auto manufacturer's stock after acquiring an additional 9,501 shares during the period. Mainstay Capital Management LLC ADV's holdings in General Motors were worth $933,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GM. GFG Capital LLC bought a new position in General Motors in the 2nd quarter worth approximately $27,000. Vontobel Holding Ltd. raised its position in General Motors by 6.8% in the 2nd quarter. Vontobel Holding Ltd. now owns 122,388 shares of the auto manufacturer's stock worth $6,023,000 after purchasing an additional 7,781 shares during the last quarter. Pure Portfolios Holdings LLC bought a new position in General Motors in the 2nd quarter worth approximately $200,000. Shell Asset Management Co. raised its position in General Motors by 52.4% in the 2nd quarter. Shell Asset Management Co. now owns 47,467 shares of the auto manufacturer's stock worth $2,336,000 after purchasing an additional 16,329 shares during the last quarter. Finally, KLP Kapitalforvaltning AS raised its position in General Motors by 0.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 549,524 shares of the auto manufacturer's stock worth $27,042,000 after purchasing an additional 4,200 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

Insider Activity at General Motors

In related news, EVP Rory Harvey sold 6,600 shares of the business's stock in a transaction on Friday, September 26th. The shares were sold at an average price of $61.95, for a total value of $408,870.00. Following the sale, the executive vice president directly owned 8,513 shares of the company's stock, valued at approximately $527,380.35. The trade was a 43.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mary T. Barra sold 753,720 shares of the business's stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the completion of the sale, the chief executive officer directly owned 433,527 shares in the company, valued at $25,989,943.65. This represents a 63.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,074,824 shares of company stock valued at $122,377,213. 0.54% of the stock is owned by insiders.

General Motors Price Performance

Shares of GM stock opened at $56.43 on Thursday. General Motors Company has a 12-month low of $41.60 and a 12-month high of $62.14. The firm has a market capitalization of $53.73 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 1.21 and a beta of 1.33. 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 firm has a fifty day moving average of $57.50 and a 200-day moving average of $51.70.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) 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 company had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. During the same quarter 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. On average, equities research analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 5th. General Motors's payout ratio is currently 9.52%.

Analyst Upgrades and Downgrades

GM has been the subject of several research analyst reports. CLSA upgraded shares of General Motors to a "moderate buy" rating in a research report on Monday, July 7th. Jefferies Financial Group boosted their price objective on shares of General Motors from $50.00 to $55.00 and gave the stock a "hold" rating in a research report on Monday. JPMorgan Chase & Co. boosted their price objective on shares of General Motors from $60.00 to $80.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 30th. The Goldman Sachs Group lifted their target price on shares of General Motors from $70.00 to $74.00 and gave the stock a "buy" rating in a report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of General Motors in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.85.

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.

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