Woodline Partners LP Grows Stock Holdings in General Motors Company $GM

Key Points

• Woodline Partners LP increased its holdings in General Motors by 382.4%, acquiring an additional 252,517 shares, making their total investment worth approximately $14.98 million.
• General Motors announced a quarterly dividend of $0.15 per share, representing a 1.0% yield, which will be paid on September 18th.
• Analysts have varied price targets for GM stock, with Bank of America lowering their target to $62.00 while Industrial Alliance Securities set it at $70.00.

Woodline Partners LP lifted its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 382.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 318,552 shares of the auto manufacturer's stock after purchasing an additional 252,517 shares during the quarter. Woodline Partners LP's holdings in General Motors were worth $14,982,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GM. Vanguard Group Inc. increased its holdings in General Motors by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock worth $4,672,023,000 after buying an additional 6,395,375 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of General Motors by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer's stock worth $676,322,000 after acquiring an additional 316,196 shares during the period. Invesco Ltd. raised its holdings in shares of General Motors by 4.5% during the first quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer's stock worth $646,482,000 after purchasing an additional 594,217 shares during the last quarter. AQR Capital Management LLC lifted its position in General Motors by 146.8% during the first 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 period. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in General Motors by 17.5% in the first 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. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Buying and Selling

In other news, CEO Mary T. Barra sold 87,839 shares of General Motors stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $58.13, for a total value of $5,106,081.07. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Christopher Hatto sold 14,667 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $59.00, for a total value of $865,353.00. Following the sale, the chief accounting officer owned 12,007 shares of the company's stock, valued at $708,413. The trade was a 54.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,070,311 shares of company stock worth $62,095,433. Insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wedbush lifted their price objective on General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday, August 19th. JPMorgan Chase & Co. lifted their price target on General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. CLSA upgraded General Motors to a "moderate buy" rating in a research report on Monday, July 7th. Industrial Alliance Securities set a $70.00 price objective on shares of General Motors in a research note on Friday, July 11th. Finally, Barclays upgraded shares of General Motors from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $55.00 to $73.00 in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $59.00.

General Motors Price Performance

Shares of GM stock traded down $0.20 during trading hours on Friday, hitting $58.51. 12,020,227 shares of the company's stock were exchanged, compared to its average volume of 6,148,473. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $61.24. The firm has a market cap of $55.71 billion, a P/E ratio of 9.29, a P/E/G ratio of 1.24 and a beta of 1.32. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The firm has a 50 day moving average of $55.09 and a two-hundred day moving average of $50.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. The firm had revenue of $47.12 billion for the quarter, compared to analysts' expectations of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Sell-side analysts forecast that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

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

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.