SOA Wealth Advisors LLC. Has $105,000 Holdings in General Motors Company $GM

SOA Wealth Advisors LLC. cut its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 14.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,125 shares of the auto manufacturer’s stock after selling 357 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in General Motors were worth $105,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GM. Costello Asset Management INC acquired a new position in shares of General Motors in the first quarter valued at $32,000. WPG Advisers LLC acquired a new position in shares of General Motors in the first quarter valued at $34,000. North Capital Inc. acquired a new position in shares of General Motors in the first quarter valued at $40,000. Banque Transatlantique SA acquired a new position in shares of General Motors in the first quarter valued at $40,000. Finally, SouthState Corp raised its stake in shares of General Motors by 914.4% in the first quarter. SouthState Corp now owns 984 shares of the auto manufacturer’s stock valued at $46,000 after purchasing an additional 887 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on GM. Citigroup upped their target price on General Motors from $61.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. CLSA upgraded General Motors to a “moderate buy” rating in a research note on Monday, July 7th. Barclays upgraded General Motors from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $55.00 to $73.00 in a research note on Friday, September 12th. Wells Fargo & Company increased their price objective on General Motors from $34.00 to $38.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 23rd. Finally, Bank of America dropped their price objective on General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.16.

Insiders Place Their Bets

In other news, CEO Mary T. Barra sold 753,720 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the sale, the chief executive officer owned 433,527 shares in the company, valued at approximately $25,989,943.65. This represents a 63.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Mark L. Reuss sold 136,161 shares of the stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $60.12, for a total value 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 position. The disclosure for this sale can be found here. Insiders have 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 Price Performance

Shares of GM stock opened at $59.42 on Friday. The stock’s fifty day moving average is $57.08 and its 200-day moving average is $51.46. 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 stock has a market capitalization of $56.57 billion, a PE ratio of 9.43, a PEG ratio of 1.29 and a beta of 1.33. General Motors Company has a 52 week low of $41.60 and a 52 week high of $62.14.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its 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. The company had revenue of $47.12 billion for the quarter, compared to analysts’ expectations of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities research analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, September 5th. General Motors’s dividend payout ratio is presently 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.