Venture Visionary Partners LLC Increases Position in General Motors Company $GM

Venture Visionary Partners LLC raised its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 1.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,636 shares of the auto manufacturer’s stock after acquiring an additional 569 shares during the period. Venture Visionary Partners LLC’s holdings in General Motors were worth $1,655,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Costello Asset Management INC acquired a new stake in shares of General Motors in the first quarter valued at approximately $32,000. WPG Advisers LLC purchased a new stake in General Motors in the 1st quarter valued at $34,000. North Capital Inc. acquired a new stake in shares of General Motors in the 1st quarter worth $40,000. Banque Transatlantique SA purchased a new position in shares of General Motors during the 1st quarter worth $40,000. Finally, SouthState Corp boosted its position in shares of General Motors by 914.4% during the 1st quarter. SouthState Corp now owns 984 shares of the auto manufacturer’s stock valued at $46,000 after acquiring an additional 887 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on GM shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of General Motors in a research note on Thursday, July 24th. CLSA raised shares of General Motors to a “moderate buy” rating in a research report on Monday, July 7th. Bank of America lowered their price objective on General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their target price on General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, The Goldman Sachs Group lifted their target price on General Motors from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, General Motors currently has an average rating of “Moderate Buy” and a consensus price target of $63.16.

Insider Buying and Selling at General Motors

In other General Motors news, CEO Mary T. Barra sold 753,720 shares of the stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the sale, the chief executive officer directly owned 433,527 shares in the company, valued at $25,989,943.65. This represents a 63.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rory Harvey sold 6,600 shares of the business’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $61.95, for a total transaction of $408,870.00. Following the completion of the transaction, the executive vice president owned 8,513 shares of the company’s stock, valued at approximately $527,380.35. This trade represents a 43.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,074,824 shares of company stock worth $122,377,213 over the last ninety days. Company insiders own 0.54% of the company’s stock.

General Motors Stock Down 0.3%

General Motors stock opened at $60.92 on Wednesday. The company has a market capitalization of $58.00 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 1.29 and a beta of 1.32. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $62.14. The firm has a 50 day moving average price of $56.78 and a 200 day moving average price of $51.32.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, topping the consensus estimate of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. During the same period last year, the business posted $3.06 earnings per share. 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. Research analysts expect 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 was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were paid a dividend of $0.15 per share. The ex-dividend date was 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 is 9.52%.

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.