Polianta Ltd Invests $1.27 Million in General Motors Company $GM

Key Points

• Polianta Ltd has acquired a new stake in General Motors, purchasing 25,800 shares valued at approximately $1.27 million during the 2nd quarter.
• The company has announced a quarterly dividend of $0.15 per share, representing a 1.0% yield and a dividend payout ratio of 9.52%.
• Analysts maintain a consensus price target of $59.00 for General Motors, with a majority rating it as a Moderate Buy.

Polianta Ltd acquired a new stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 25,800 shares of the auto manufacturer's stock, valued at approximately $1,269,000.

Several other hedge funds have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its position in General Motors by 26.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 196,143 shares of the auto manufacturer's stock valued at $10,374,000 after acquiring an additional 40,589 shares during the last quarter. Swedbank AB lifted its position in General Motors by 24.9% during the second quarter. Swedbank AB now owns 1,008,450 shares of the auto manufacturer's stock valued at $49,626,000 after acquiring an additional 201,357 shares during the last quarter. KMG Fiduciary Partners LLC lifted its position in General Motors by 2.2% during the second quarter. KMG Fiduciary Partners LLC now owns 71,431 shares of the auto manufacturer's stock valued at $3,515,000 after acquiring an additional 1,514 shares during the last quarter. Sunflower Bank N.A. purchased a new stake in General Motors during the second quarter valued at approximately $222,000. Finally, Sivia Capital Partners LLC lifted its position in General Motors by 61.4% during the second quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer's stock valued at $913,000 after acquiring an additional 7,058 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Trading Down 0.7%

GM stock traded down $0.42 during trading on Monday, reaching $58.56. 1,935,406 shares of the stock were exchanged, compared to its average volume of 11,181,486. 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 business has a 50 day moving average price of $55.71 and a 200-day moving average price of $50.74. General Motors Company has a 1 year low of $41.60 and a 1 year high of $61.24. The firm has a market capitalization of $55.75 billion, a price-to-earnings ratio of 9.31, a P/E/G ratio of 1.24 and a beta of 1.32.

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 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $45.87 billion. During the same period in the previous year, the firm earned $3.06 earnings per share. General Motors's quarterly revenue was down 1.8% compared to the same quarter last year. 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 year.

General Motors Dividend Announcement

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

Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the completion of the transaction, the chief accounting officer owned 12,007 shares in the company, valued at $661,585.70. The trade was a 75.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mary T. Barra sold 907,024 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the transaction, the chief executive officer owned 552,238 shares of the company's stock, valued at $32,162,341.12. This trade represents a 62.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,104,256 shares of company stock worth $64,129,551 in the last 90 days. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a research note on Friday, July 11th. Bank of America cut their price target on shares of General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. UBS Group upped their price target 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. JPMorgan Chase & Co. increased their price objective on shares of General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Finally, 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 report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, General Motors currently has a consensus rating of "Moderate Buy" and an average target price of $59.74.

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.