Tweedy Browne Co LLC Has $530,000 Holdings in General Motors Company $GM

Key Points

• Tweedy Browne Co LLC increased its stake in General Motors by 123.1% during Q2, holding 10,769 shares valued at approximately $530,000.
• Analysts have given General Motors a Moderate Buy rating, with price targets ranging from $65.00 to $80.00, reflecting optimism about the company's future growth.
• The recent quarterly earnings showed $2.53 EPS and revenues of $47.12 billion, indicating a slight decline in year-over-year earnings, but surpassing expectations.

Tweedy Browne Co LLC lifted its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 123.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,769 shares of the auto manufacturer's stock after purchasing an additional 5,943 shares during the period. Tweedy Browne Co LLC's holdings in General Motors were worth $530,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of GM. Trust Co. of Toledo NA OH bought a new position in General Motors during the second quarter worth $25,000. GFG Capital LLC bought a new position in General Motors during the second quarter worth $27,000. Costello Asset Management INC bought a new position in General Motors during the first quarter worth $32,000. RMG Wealth Management LLC bought a new position in General Motors during the second quarter worth $32,000. Finally, WPG Advisers LLC bought a new stake in General Motors in the first quarter valued at $34,000. Institutional investors own 92.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Benchmark assumed coverage on shares of General Motors in a research note on Monday, July 21st. They issued a "buy" rating and a $65.00 price target for the company. JPMorgan Chase & Co. boosted their target price on shares of General Motors from $60.00 to $80.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 30th. Barclays boosted their target price on shares of General Motors from $73.00 to $77.00 and gave the stock an "overweight" rating in a research report on Friday, October 10th. Citigroup boosted their target price on shares of General Motors from $61.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday, September 22nd. Finally, Mizuho upped their price target on General Motors from $58.00 to $67.00 and gave the stock an "outperform" rating in a report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $65.00.

General Motors Trading Down 0.8%

Shares of GM stock opened at $57.32 on Friday. General Motors Company has a 52-week low of $41.60 and a 52-week high of $62.14. 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 company has a 50-day simple moving average of $57.95 and a two-hundred day simple moving average of $52.00. The company has a market capitalization of $54.57 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 1.71 and a beta of 1.33.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.01. The business had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Research analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were paid a $0.15 dividend. 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 payout ratio is presently 9.52%.

Insider Activity at General Motors

In other General Motors news, EVP Rory Harvey sold 23,977 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total value of $1,271,020.77. Following the transaction, the executive vice president directly owned 8,513 shares in the company, valued at $451,274.13. The trade was a 73.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $8,185,999.32. Following the sale, the president owned 131,036 shares in the company, valued at $7,877,884.32. The trade was a 50.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,074,824 shares of company stock valued at $122,377,213 in the last three months. 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.

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