Callan Family Office LLC Has $1.35 Million Stock Position in General Motors Company $GM

Callan Family Office LLC increased its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 138.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,452 shares of the auto manufacturer’s stock after purchasing an additional 15,942 shares during the quarter. Callan Family Office LLC’s holdings in General Motors were worth $1,351,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of General Motors by 456.1% during the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock worth $2,062,000 after buying an additional 31,755 shares during the period. GAMMA Investing LLC grew its position in shares of General Motors by 10.6% during the 1st quarter. GAMMA Investing LLC now owns 20,133 shares of the auto manufacturer’s stock worth $947,000 after buying an additional 1,933 shares during the period. Integrated Advisors Network LLC acquired a new position in shares of General Motors during the 1st quarter worth about $240,000. Fifth Third Bancorp grew its position in shares of General Motors by 7.4% during the 1st quarter. Fifth Third Bancorp now owns 55,005 shares of the auto manufacturer’s stock worth $2,587,000 after buying an additional 3,807 shares during the period. Finally, NorthCrest Asset Manangement LLC grew its position in shares of General Motors by 246.0% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 15,143 shares of the auto manufacturer’s stock worth $712,000 after buying an additional 10,766 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Motors

In other news, President Mark L. Reuss sold 136,161 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $60.12, for a total transaction of $8,185,999.32. Following the sale, the president owned 131,036 shares in the company, valued at $7,877,884.32. This represents a 50.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mary T. Barra sold 753,720 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total value 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,074,824 shares of company stock worth $122,377,213. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GM has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Industrial Alliance Securities set a $70.00 target price on General Motors in a research report on Friday, July 11th. Barclays boosted their target price on General Motors from $73.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company boosted their target price on General Motors from $38.00 to $40.00 and gave the stock an “underweight” rating in a research report on Friday, October 3rd. Finally, Mizuho boosted their price objective on General Motors from $58.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.84.

General Motors Trading Down 1.0%

NYSE GM opened at $55.36 on Monday. The stock has a market capitalization of $52.70 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 1.17 and a beta of 1.33. The stock’s 50 day moving average price is $57.61 and its two-hundred day moving average price is $51.79. 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 52 week low of $41.60 and a 52 week high of $62.14.

General Motors (NYSE:GM) (TSE:GMM.U) last released its 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. The firm 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 quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were paid a $0.15 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.60 annualized dividend and a 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.