Teewinot Capital Advisers L.L.C. Cuts Stock Holdings in General Motors Company $GM

Key Points

• Teewinot Capital Advisers L.L.C. reduced its stake in General Motors Company by 94.8%, selling 882,552 shares and leaving them with only 48,161 shares, which now represent approximately 0.2% of their portfolio.
• General Motors reported quarterly earnings with an EPS of $2.53, slightly surpassing analysts’ expectations, while revenue was down 1.8% year-over-year at $47.12 billion.
• The company announced a quarterly dividend of $0.15 per share, translating to an annualized dividend yield of 1.0%, with a payout ratio currently at 9.52%.

Teewinot Capital Advisers L.L.C. trimmed its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 94.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,161 shares of the auto manufacturer's stock after selling 882,552 shares during the period. General Motors accounts for approximately 0.2% of Teewinot Capital Advisers L.L.C.'s investment portfolio, making the stock its 24th biggest holding. Teewinot Capital Advisers L.L.C.'s holdings in General Motors were worth $2,265,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of General Motors by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock worth $4,672,023,000 after acquiring an additional 6,395,375 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of General Motors by 2.2% during the 1st 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 period. Invesco Ltd. raised its position in shares of General Motors by 4.5% during the 1st quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer's stock valued at $646,482,000 after buying an additional 594,217 shares during the period. AQR Capital Management LLC increased its holdings in General Motors by 146.8% in the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock valued at $629,196,000 after purchasing an additional 8,012,743 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in General Motors by 17.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer's stock valued at $603,048,000 after purchasing an additional 1,910,186 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Price Performance

Shares of NYSE GM traded up $0.09 on Friday, hitting $58.80. The company's stock had a trading volume of 5,580,468 shares, compared to its average volume of 11,306,504. General Motors Company has a 12-month low of $41.60 and a 12-month high of $61.24. The company has a market capitalization of $55.98 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 1.21 and a beta of 1.32. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The stock has a 50 day moving average of $54.97 and a 200-day moving average of $50.23.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm earned $3.06 earnings per share. The company's revenue for the quarter 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. As a group, research analysts predict that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, September 5th. General Motors's dividend payout ratio is 9.52%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GM shares. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of General Motors in a research report on Thursday, July 24th. Mizuho upped their target price on shares of General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Bank of America dropped 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. Benchmark started coverage on shares of General Motors in a research note on Monday, July 21st. They set a "buy" rating and a $65.00 price target on the stock. Finally, CLSA upgraded shares of General Motors to a "moderate buy" rating in a research note on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $59.00.

Insider Buying and Selling at General Motors

In related news, CEO Mary T. Barra sold 87,839 shares of the company's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $58.13, for a total transaction of $5,106,081.07. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Christopher Hatto sold 14,667 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $59.00, for a total transaction of $865,353.00. Following the transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at $708,413. The trade was a 54.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,070,311 shares of company stock valued at $62,095,433 over the last quarter. Corporate insiders own 0.54% of the company's stock.

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.