Mirabella Financial Services LLP Reduces Stock Position in General Motors Company $GM

Mirabella Financial Services LLP decreased its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 99.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,917 shares of the auto manufacturer’s stock after selling 763,231 shares during the quarter. Mirabella Financial Services LLP’s holdings in General Motors were worth $391,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Toledo NA OH bought a new stake in shares of General Motors in the second quarter worth about $25,000. GFG Capital LLC purchased a new stake in General Motors in the 2nd quarter worth approximately $27,000. RMG Wealth Management LLC purchased a new stake in General Motors in the 2nd quarter worth approximately $32,000. WPG Advisers LLC bought a new stake in shares of General Motors in the 1st quarter worth approximately $34,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of General Motors during the second quarter valued at approximately $38,000. 92.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GM shares. Zacks Research raised General Motors from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Jefferies Financial Group raised 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. Tigress Financial lifted their target price on shares of General Motors from $88.00 to $92.00 and gave the company a “strong-buy” rating in a research note on Friday, October 24th. Citigroup increased their price target on shares of General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Argus set a $78.00 price objective on General Motors in a research report on Thursday, October 23rd. 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.27.

Insider Buying and Selling

In related news, President Mark L. Reuss sold 260,600 shares of the firm’s stock in a transaction that occurred on 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 transaction, the president 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 filing 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 on 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 transaction, the chief executive officer owned 433,527 shares of the company’s stock, valued at $25,989,943.65. The trade was a 63.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,288,534 shares of company stock worth $79,253,568. 0.54% of the stock is currently owned by corporate insiders.

General Motors Stock Up 1.0%

NYSE:GM opened at $76.06 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. The firm’s 50-day moving average price is $66.48 and its 200-day moving average price is $57.94. The company has a market capitalization of $70.95 billion, a PE ratio of 15.30, a P/E/G ratio of 0.86 and a beta of 1.30. General Motors Company has a 1-year low of $41.60 and a 1-year high of $77.00.

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

General Motors Dividend Announcement

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

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.