General Motors Company $GM Shares Sold by CreativeOne Wealth LLC

CreativeOne Wealth LLC trimmed its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 8.6% in the second quarter, Holdings Channel.com reports. The fund owned 11,583 shares of the auto manufacturer’s stock after selling 1,083 shares during the period. CreativeOne Wealth LLC’s holdings in General Motors were worth $570,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in GM. Brighton Jones LLC raised its holdings in shares of General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock worth $2,062,000 after purchasing an additional 31,755 shares in the last quarter. LPL Financial LLC grew its position in General Motors by 5.8% in the first quarter. LPL Financial LLC now owns 677,413 shares of the auto manufacturer’s stock worth $31,859,000 after buying an additional 36,922 shares during the last quarter. XTX Topco Ltd bought a new position in shares of General Motors in the first quarter valued at $1,022,000. Vestcor Inc lifted its position in shares of General Motors by 32.7% during the 1st quarter. Vestcor Inc now owns 29,454 shares of the auto manufacturer’s stock valued at $1,385,000 after acquiring an additional 7,265 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of General Motors by 44.9% during the 1st quarter. Arkadios Wealth Advisors now owns 21,598 shares of the auto manufacturer’s stock worth $1,016,000 after acquiring an additional 6,691 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of GM opened at $73.64 on Friday. The company’s 50 day moving average price is $65.02 and its 200 day moving average price is $57.10. General Motors Company has a 52 week low of $41.60 and a 52 week high of $73.86. The company has a market capitalization of $68.69 billion, a PE ratio of 14.82, a PEG 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.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The company had revenue of $48.59 billion during the quarter, compared to the consensus estimate of $44.60 billion. During the same quarter in the prior year, the firm earned $2.96 EPS. The company’s 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. Research analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, December 5th will be paid a $0.15 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. General Motors’s payout ratio is 12.07%.

Analysts Set New Price Targets

Several brokerages have recently commented on GM. Benchmark reaffirmed a “buy” rating on shares of General Motors in a report on Wednesday, October 22nd. Royal Bank Of Canada upped their price objective on shares of General Motors from $77.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group lifted their target price on shares of General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, October 6th. Argus set a $78.00 price target on shares of General Motors in a research report on Thursday, October 23rd. Finally, Piper Sandler set a $66.00 price objective on shares of General Motors and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Three equities research 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.27.

Insider Transactions at General Motors

In other news, President Mark L. Reuss sold 260,600 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the sale, the president directly owned 98,006 shares of the company’s stock, valued at $6,512,498.70. This trade represents a 72.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mary T. Barra sold 753,720 shares of General Motors stock in a transaction dated Wednesday, September 24th. The shares were 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 of the company’s stock, valued at approximately $25,989,943.65. This represents a 63.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,288,534 shares of company stock valued at $79,253,568. 0.54% of the stock is currently owned by company insiders.

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.