General Motors Company $GM Stake Trimmed by Creative Planning

Creative Planning cut its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 4.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 220,150 shares of the auto manufacturer’s stock after selling 10,007 shares during the quarter. Creative Planning’s holdings in General Motors were worth $10,834,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Trust Co. of Toledo NA OH purchased a new position in General Motors during the 2nd quarter worth approximately $25,000. GFG Capital LLC acquired a new stake in shares of General Motors in the second quarter worth $27,000. Costello Asset Management INC purchased a new position in shares of General Motors during the first quarter valued at $32,000. RMG Wealth Management LLC purchased a new stake in General Motors in the 2nd quarter worth about $32,000. Finally, WPG Advisers LLC purchased a new stake in General Motors in the 1st quarter worth about $34,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Up 0.0%

GM opened at $67.92 on Wednesday. The firm has a market cap of $63.36 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. The business has a 50 day moving average price of $63.00 and a 200 day moving average price of $55.87. General Motors Company has a twelve month low of $41.60 and a twelve month high of $72.87.

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

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, December 5th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.9%. General Motors’s dividend payout ratio (DPR) is 12.07%.

Insiders Place Their Bets

In related news, CEO Mary T. Barra sold 753,720 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 433,527 shares of the company’s stock, valued at approximately $25,989,943.65. The trade was a 63.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Christopher Hatto sold 7,724 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total transaction of $556,128.00. Following the transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at $864,504. This trade represents a 39.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,298,064 shares of company stock valued at $138,050,080 over the last ninety days. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GM shares. Wedbush set a $75.00 price target on shares of General Motors and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Mizuho set a $76.00 price target on shares of General Motors in a report on Wednesday, October 22nd. Cowen reiterated a “buy” rating on shares of General Motors in a report on Tuesday, October 21st. Argus set a $78.00 target price on General Motors in a research note on Thursday, October 23rd. Finally, Wells Fargo & Company raised their price target on General Motors from $40.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.00.

General Motors 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.