Venture Visionary Partners LLC Grows Holdings in General Motors Company $GM

Key Points

• Venture Visionary Partners LLC has significantly increased its stake in General Motors, acquiring 33,067 shares, representing a 52.8% growth during the 1st quarter, valuing their holdings at $1,555,000.
• General Motors' stock has received mixed ratings from analysts, with price targets ranging from $34.00 to $60.00, and a current average rating of "Hold" with a price target of $58.05.
• The company has declared a quarterly dividend of $0.15, translating to an annual yield of 1.1%, and is set to be paid to shareholders on September 18th.

Venture Visionary Partners LLC increased its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 52.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,067 shares of the auto manufacturer's stock after buying an additional 11,427 shares during the period. Venture Visionary Partners LLC's holdings in General Motors were worth $1,555,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GM. Measured Risk Portfolios Inc. purchased a new stake in General Motors during the 4th quarter worth $27,000. Costello Asset Management INC purchased a new stake in General Motors during the 1st quarter worth $32,000. Transce3nd LLC purchased a new stake in General Motors during the 4th quarter worth $34,000. North Capital Inc. purchased a new stake in General Motors during the 1st quarter worth $40,000. Finally, Ossiam purchased a new stake in General Motors during the 4th quarter worth $44,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GM shares. Wells Fargo & Company lifted their price target on shares of General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein set a $36.00 price objective on shares of General Motors in a report on Monday, May 5th. JPMorgan Chase & Co. raised their price objective on shares of General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. The Goldman Sachs Group reissued a "buy" rating on shares of General Motors in a report on Friday, July 11th. Finally, CLSA raised shares of General Motors to a "moderate buy" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, General Motors currently has an average rating of "Hold" and an average price target of $58.05.

Insider Activity

In related news, EVP Rory Harvey sold 23,977 shares of General Motors 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 sale, the executive vice president directly owned 8,513 shares in the company, valued at $451,274.13. This trade represents a 73.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Christopher Hatto sold 36,804 shares of General Motors stock in a transaction dated 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 sale, the chief accounting officer owned 12,007 shares in the company, valued at approximately $661,585.70. This represents a 75.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

General Motors Trading Up 1.4%

NYSE GM opened at $57.0160 on Wednesday. General Motors Company has a one year low of $41.60 and a one year high of $61.24. The company has a 50-day simple moving average of $52.03 and a 200-day simple moving average of $49.01. 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 firm has a market capitalization of $54.28 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.36.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 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 business had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. During the same period in the previous year, the business posted $3.06 EPS. The company's quarterly 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. On average, equities analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. General Motors's payout ratio is 9.52%.

General Motors 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.

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