PDT Partners LLC Buys Shares of 51,600 General Motors Company $GM

Key Points

• PDT Partners LLC has acquired a new position in General Motors Company (NYSE: GM), purchasing 51,600 shares valued at approximately $2.43 million during the first quarter.
• Insider trading activity shows CEO Mary T. Barra sold over 87,000 shares for more than $5 million, while EVP Rory Harvey reduced their holdings significantly, indicating mixed signals from top executives.
• General Motors announced a quarterly dividend of $0.15 per share, reflecting a yield of 1.0%, with an annualized payout marking a payout ratio of 9.52%.

PDT Partners LLC purchased a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 51,600 shares of the auto manufacturer's stock, valued at approximately $2,427,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cassia Capital Partners LLC raised its stake in General Motors by 63.0% during the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock worth $879,000 after acquiring an additional 7,221 shares during the period. Mirova increased its stake in shares of General Motors by 4.1% in the first quarter. Mirova now owns 133,969 shares of the auto manufacturer's stock valued at $6,301,000 after purchasing an additional 5,293 shares during the period. AustralianSuper Pty Ltd increased its stake in shares of General Motors by 38.9% in the first quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock valued at $287,428,000 after purchasing an additional 1,712,033 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of General Motors in the first quarter valued at approximately $312,000. Finally, Boston Partners acquired a new stake in shares of General Motors in the first quarter valued at approximately $719,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on GM. Wells Fargo & Company raised their price target on shares of General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada restated an "outperform" rating on shares of General Motors in a research note on Thursday, July 24th. Wedbush raised their price target on shares of General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Piper Sandler restated a "neutral" rating and issued a $48.00 price target (up previously from $43.00) on shares of General Motors in a research note on Thursday, May 22nd. Finally, UBS Group raised their price objective on shares of General Motors from $50.00 to $56.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $58.05.

Insider Buying and Selling

In related news, CEO Mary T. Barra sold 907,024 shares of the firm'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 completion of the transaction, the chief executive officer owned 552,238 shares of the company's stock, valued at approximately $32,162,341.12. This trade represents a 62.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Rory Harvey sold 23,977 shares of General Motors stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the sale, the executive vice president directly owned 8,513 shares of the company's stock, valued at $451,274.13. This trade represents a 73.80% decrease in their position. The disclosure for this sale can be found here. In the last 90 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 Price Performance

NYSE:GM traded up $0.09 during trading hours on Friday, reaching $58.24. 7,376,091 shares of the company's stock were exchanged, compared to its average volume of 6,137,410. The company has a market capitalization of $55.45 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 1.23 and a beta of 1.32. General Motors Company has a 12 month low of $41.60 and a 12 month high of $61.24. 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 business's 50-day simple moving average is $54.46 and its two-hundred day simple moving average is $49.93.

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 analysts' consensus estimates of $2.52 by $0.01. The firm had revenue of $47.12 billion during the quarter, compared to analysts' expectations 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 last year, the firm posted $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Sell-side analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

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

About General Motors

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.