MassMutual Private Wealth & Trust FSB Has $338,000 Stock Holdings in General Motors Company $GM

Key Points

• MassMutual Private Wealth & Trust FSB reduced its stake in General Motors by 89.5%, holding only 6,859 shares after selling 58,513 shares in the second quarter.
• General Motors reported $2.53 earnings per share for the last quarter, exceeding the consensus estimate of $2.52, with a revenue of $47.12 billion.
• The company announced a quarterly dividend of $0.15, representing an annualized yield of 1.0% and a payout ratio of 9.52%.

MassMutual Private Wealth & Trust FSB cut its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 89.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,859 shares of the auto manufacturer's stock after selling 58,513 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in General Motors were worth $338,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GM. AQR Capital Management LLC grew its holdings in General Motors by 146.8% in the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock valued at $629,196,000 after buying an additional 8,012,743 shares in the last quarter. Vanguard Group Inc. lifted its holdings 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 buying an additional 6,395,375 shares in the last quarter. Nuveen LLC bought a new stake in shares of General Motors in the first quarter valued at about $175,889,000. Assenagon Asset Management S.A. grew its stake in shares of General Motors by 305.6% in the first quarter. Assenagon Asset Management S.A. now owns 2,858,959 shares of the auto manufacturer's stock valued at $134,457,000 after acquiring an additional 2,154,037 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in General Motors by 17.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer's stock worth $603,048,000 after acquiring an additional 1,910,186 shares during the period. Institutional investors own 92.67% of the company's stock.

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 transaction of $267,317.05. Following the sale, the executive vice president owned 8,513 shares in the company, valued at $510,354.35. The trade was a 34.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mary T. Barra sold 29,486 shares of the company's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $59.92, for a total value of $1,766,801.12. Following the completion of the transaction, the chief executive officer directly owned 633,527 shares of the company's stock, valued at approximately $37,960,937.84. The trade was a 4.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,104,256 shares of company stock worth $64,129,551 over the last quarter. Corporate insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Industrial Alliance Securities set a $70.00 price target on General Motors in a research note on Friday, July 11th. Royal Bank Of Canada restated an "outperform" rating on shares of General Motors in a research note on Thursday, July 24th. Benchmark initiated coverage on General Motors in a research report on Monday, July 21st. They set a "buy" rating and a $65.00 target price for the company. Finally, Barclays upgraded General Motors from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $55.00 to $73.00 in a research report on Friday, September 12th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $59.74.

General Motors Price Performance

Shares of GM stock traded down $0.04 on Monday, hitting $58.94. 7,633,787 shares of the company's stock were exchanged, compared to its average volume of 6,589,462. The company has a 50 day moving average of $55.82 and a 200 day moving average of $50.83. The stock has a market cap of $56.12 billion, a P/E ratio of 9.36, a price-to-earnings-growth 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. General Motors Company has a 12 month low of $41.60 and a 12 month high of $61.24.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. The firm had revenue of $47.12 billion for 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 business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, equities research analysts predict that General Motors Company will post 11.44 EPS 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 paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.0%. General Motors's dividend payout ratio is presently 9.52%.

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.