Shell Asset Management Co. Has $2.34 Million Holdings in General Motors Company $GM

Key Points

• Shell Asset Management Co. increased its stake in General Motors by 52.4% in Q2, owning 47,467 shares valued at approximately $2.34 million.
• General Motors reported earnings of $2.53 per share for its latest quarter, slightly exceeding estimates and generating revenue of $47.12 billion.
• The company recently declared a dividend of $0.15 per share, reflecting an annualized rate of $0.60 and a yield of 1.1%.

Shell Asset Management Co. increased its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 52.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,467 shares of the auto manufacturer's stock after purchasing an additional 16,329 shares during the period. Shell Asset Management Co.'s holdings in General Motors were worth $2,336,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GM. Costello Asset Management INC acquired a new position in General Motors in the first quarter valued at about $32,000. RMG Wealth Management LLC acquired a new position in General Motors in the second quarter valued at about $32,000. WPG Advisers LLC acquired a new position in General Motors in the first quarter valued at about $34,000. North Capital Inc. acquired a new position in General Motors in the first quarter valued at about $40,000. Finally, Banque Transatlantique SA acquired a new position in General Motors in the first quarter valued at about $40,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Performance

GM opened at $56.43 on Thursday. General Motors Company has a 52-week low of $41.60 and a 52-week high of $62.14. The firm has a market capitalization of $53.73 billion, a PE ratio of 8.96, a PEG ratio of 1.21 and a beta of 1.33. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. The business's 50-day simple moving average is $57.50 and its 200 day simple moving average is $51.70.

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, topping the consensus estimate of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same quarter in the prior year, the company posted $3.06 earnings per share. General Motors's revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, sell-side analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were paid a $0.15 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.1%. General Motors's dividend payout ratio is currently 9.52%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. CLSA raised General Motors to a "moderate buy" rating in a research note on Monday, July 7th. UBS Group raised General Motors from a "neutral" rating to a "buy" rating and boosted their target price for the company from $56.00 to $81.00 in a research note on Wednesday, September 24th. Jefferies Financial Group boosted their price target on General Motors from $50.00 to $55.00 and gave the company a "hold" rating in a report on Monday. Mizuho boosted their price target on General Motors from $58.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday, September 23rd. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of General Motors in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.85.

Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 23,400 shares of the company's stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $61.01, for a total value of $1,427,634.00. Following the sale, the chief accounting officer owned 12,007 shares in the company, valued at $732,547.07. This represents a 66.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Mark L. Reuss sold 136,161 shares of the company's stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $60.12, for a total value of $8,185,999.32. Following the completion of the sale, the president owned 131,036 shares in the company, valued at $7,877,884.32. This 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 worth $122,377,213 over the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

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.

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