Ashton Thomas Private Wealth LLC Has $244,000 Holdings in General Motors Company $GM

Ashton Thomas Private Wealth LLC lessened its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 65.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,962 shares of the auto manufacturer’s stock after selling 9,299 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in General Motors were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. OVERSEA CHINESE BANKING Corp Ltd increased its position in General Motors by 24.1% in the 2nd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 72,722 shares of the auto manufacturer’s stock valued at $3,578,000 after acquiring an additional 14,122 shares in the last quarter. Chilton Capital Management LLC increased its position in General Motors by 941.1% in the 2nd quarter. Chilton Capital Management LLC now owns 3,800 shares of the auto manufacturer’s stock valued at $187,000 after acquiring an additional 3,435 shares in the last quarter. Optimum Investment Advisors increased its position in General Motors by 60.0% in the 2nd quarter. Optimum Investment Advisors now owns 800 shares of the auto manufacturer’s stock valued at $39,000 after acquiring an additional 300 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in General Motors in the 2nd quarter valued at about $6,212,000. Finally, Interchange Capital Partners LLC grew its position in shares of General Motors by 14.4% during the 2nd quarter. Interchange Capital Partners LLC now owns 8,878 shares of the auto manufacturer’s stock worth $437,000 after buying an additional 1,120 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Up 0.5%

General Motors stock opened at $68.99 on Friday. The company’s 50 day simple moving average is $60.30 and its 200 day simple moving average is $53.78. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $70.24. The firm has a market capitalization of $64.36 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 0.96 and a beta of 1.33. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.48. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The business had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. During the same quarter last year, the firm earned $2.96 EPS. General Motors’s quarterly revenue was down .3% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, sell-side analysts anticipate that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.60 annualized dividend and a yield of 0.9%. General Motors’s dividend payout ratio (DPR) is presently 12.07%.

Insider Activity

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of General Motors stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total value of $2,027,900.40. Following the transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $661,585.70. The trade was a 75.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rory Harvey sold 23,977 shares of General Motors stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the completion of the transaction, the executive vice president directly 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 is available in the SEC filing. Insiders sold 2,351,121 shares of company stock worth $140,792,873 over the last quarter. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GM shares. Wells Fargo & Company lifted their price target on shares of General Motors from $40.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 22nd. Wedbush set a $75.00 price target on shares of General Motors and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Citigroup lifted their price target on shares of General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. TD Cowen lifted their price target on shares of General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a research report on Friday, July 11th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $70.00.

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.