Morningstar Investment Management LLC Acquires Shares of 9,300 General Motors Company $GM

Key Points

• Morningstar Investment Management LLC acquired 9,300 shares of General Motors, valued at approximately $458,000, in the second quarter, as reported in a recent SEC filing.
• Insider trading activity included CEO Mary T. Barra selling 753,720 shares valued at over $45 million, representing a significant decrease in her ownership stake.
• Analyst ratings for General Motors vary, with firms increasing price targets; the average consensus price target now stands at $65.00, reflecting a generally positive outlook for the stock.

Morningstar Investment Management LLC acquired a new stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,300 shares of the auto manufacturer's stock, valued at approximately $458,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of General Motors by 6.9% in the first quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock valued at $4,672,023,000 after buying an additional 6,395,375 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of General Motors by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer's stock valued at $676,322,000 after buying an additional 316,196 shares during the last quarter. Invesco Ltd. raised its holdings in General Motors by 4.5% during the first 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. AQR Capital Management LLC raised its holdings in General Motors by 146.8% during the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock worth $629,196,000 after purchasing an additional 8,012,743 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings 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 purchasing an additional 1,910,186 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Buying and Selling at General Motors

In related news, CEO Mary T. Barra sold 753,720 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer owned 433,527 shares in the company, valued at approximately $25,989,943.65. This trade represents a 63.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Mark L. Reuss sold 136,161 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $60.12, for a total transaction of $8,185,999.32. Following the sale, the president owned 131,036 shares in the company, valued at approximately $7,877,884.32. This trade represents a 50.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,074,824 shares of company stock valued at $122,377,213 over the last three months. Company insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on GM. Jefferies Financial Group increased their price target on shares of General Motors from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Monday, October 6th. Barclays increased their price target on shares of General Motors from $73.00 to $77.00 and gave the stock an "overweight" rating in a report on Friday. The Goldman Sachs Group increased their price target 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. Evercore ISI increased their price target on shares of General Motors from $55.00 to $68.00 and gave the stock an "outperform" rating in a report on Monday. Finally, JPMorgan Chase & Co. increased their price target on shares of General Motors from $60.00 to $80.00 and gave the stock an "overweight" rating in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $65.00.

General Motors Trading Up 2.7%

Shares of GM opened at $57.12 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. The firm's 50-day moving average is $57.76 and its two-hundred day moving average is $51.89. General Motors Company has a twelve month low of $41.60 and a twelve month high of $62.14. The firm has a market capitalization of $54.39 billion, a P/E ratio of 9.07, a PEG ratio of 1.17 and a beta of 1.33.

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, topping 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 net margin of 2.54% and a return on equity of 12.98%. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior 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, research analysts predict that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 1.1%. General Motors's dividend payout ratio is currently 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.

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