McAdam LLC Buys New Position in General Motors Company $GM

Key Points

• McAdam LLC purchased a new stake in General Motors, acquiring 4,196 shares valued at approximately $206,000 in the second quarter.
• Analyst ratings for GM are generally positive, with Barclays upgrading the stock from "equal weight" to "overweight" and increasing the price target from $55.00 to $73.00.
• General Motors declared a $0.15 quarterly dividend, representing an annualized dividend of $0.60 and a yield of 1.0%, with a payout ratio of 9.52%.

McAdam LLC bought a new stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,196 shares of the auto manufacturer's stock, valued at approximately $206,000.

A number of other large investors have also recently made changes to their positions in GM. Brighton Jones LLC boosted its position in shares of General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock valued at $2,062,000 after purchasing an additional 31,755 shares during the period. Centaurus Financial Inc. raised its stake in General Motors by 13.9% during the 4th quarter. Centaurus Financial Inc. now owns 14,451 shares of the auto manufacturer's stock valued at $770,000 after acquiring an additional 1,769 shares during the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in General Motors during the 4th quarter valued at approximately $233,000. Versant Capital Management Inc raised its stake in General Motors by 120.7% during the 1st quarter. Versant Capital Management Inc now owns 3,235 shares of the auto manufacturer's stock valued at $152,000 after acquiring an additional 1,769 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in General Motors by 5,102.5% during the 1st quarter. GAMMA Investing LLC now owns 946,855 shares of the auto manufacturer's stock valued at $44,531,000 after acquiring an additional 928,655 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GM has been the subject of several analyst reports. Barclays raised General Motors from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $55.00 to $73.00 in a research note on Friday, September 12th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a research note on Friday, July 11th. Bank of America reduced their price objective on General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Industrial Alliance Securities set a $70.00 target price on General Motors in a research note on Friday, July 11th. Finally, Wedbush increased their target price on General Motors from $55.00 to $65.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $61.53.

General Motors Stock Performance

Shares of GM stock opened at $61.24 on Friday. The company has a market cap of $58.31 billion, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. The stock has a 50 day simple moving average of $56.38 and a 200-day simple moving average of $51.12. General Motors Company has a 12-month low of $41.60 and a 12-month high of $61.98. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.01. The company had revenue of $47.12 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, equities analysts forecast that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were given a $0.15 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. General Motors's dividend payout ratio (DPR) is currently 9.52%.

Insider Transactions at General Motors

In other news, CEO Mary T. Barra sold 907,024 shares of the firm's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $58.24, for a total value of $52,825,077.76. Following the completion of the transaction, the chief executive officer owned 552,238 shares in the company, valued at $32,162,341.12. This trade represents a 62.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rory Harvey sold 23,977 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were 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 of the company's stock, valued at approximately $451,274.13. This represents a 73.80% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,044,824 shares of company stock worth $120,540,709. Corporate insiders own 0.54% of the company's stock.

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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