Tiemann Investment Advisors LLC Has $230,000 Position in General Motors Company $GM

Tiemann Investment Advisors LLC lowered its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 13.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 4,895 shares of the auto manufacturer’s stock after selling 750 shares during the period. Tiemann Investment Advisors LLC’s holdings in General Motors were worth $230,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Measured Risk Portfolios Inc. acquired a new stake in shares of General Motors during the 4th quarter valued at $27,000. Costello Asset Management INC acquired a new stake in shares of General Motors in the 1st quarter valued at $32,000. Transce3nd LLC acquired a new stake in shares of General Motors in the 4th quarter valued at $34,000. North Capital Inc. acquired a new stake in shares of General Motors in the 1st quarter valued at $40,000. Finally, Ossiam acquired a new stake in shares of General Motors in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analysts Set New Price Targets

GM has been the subject of several analyst reports. Citigroup lifted their price objective on shares of General Motors from $59.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price objective on shares of General Motors from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Bank of America reduced their price objective on shares of General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Wedbush lifted their price objective on shares of General Motors from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Piper Sandler reiterated a “neutral” rating and issued a $48.00 target price (up previously from $43.00) on shares of General Motors in a report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, General Motors presently has a consensus rating of “Hold” and a consensus price target of $58.05.

Insider Activity

In other news, CAO Christopher Hatto sold 36,804 shares of the business’s 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 transaction, the chief accounting officer owned 12,007 shares in the company, valued at approximately $661,585.70. The trade was a 75.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Rory Harvey sold 23,977 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the transaction, the executive vice president owned 8,513 shares in the company, valued at approximately $451,274.13. The trade was a 73.80% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

General Motors Stock Performance

Shares of GM opened at $56.8050 on Thursday. The company has a market capitalization of $54.08 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 1.21 and a beta of 1.36. General Motors Company has a one year low of $41.60 and a one year high of $61.24. 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 company’s fifty day moving average price is $52.17 and its 200 day moving average price is $49.06.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data 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 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 previous year, the firm posted $3.06 EPS. The business’s revenue 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, analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, September 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. General Motors’s payout ratio is presently 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.