General Motors Company $GM Shares Sold by Game Creek Capital LP

Game Creek Capital LP reduced its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 10.2% during the 2nd quarter, Holdings Channel reports. The fund owned 56,375 shares of the auto manufacturer’s stock after selling 6,375 shares during the period. General Motors comprises about 1.2% of Game Creek Capital LP’s portfolio, making the stock its 26th biggest position. Game Creek Capital LP’s holdings in General Motors were worth $2,774,000 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 stock. Brighton Jones LLC lifted its holdings in General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after purchasing an additional 31,755 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of General Motors by 0.8% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 34,857 shares of the auto manufacturer’s stock worth $1,639,000 after buying an additional 269 shares in the last quarter. Boston Partners acquired a new position in shares of General Motors in the first quarter valued at approximately $719,000. Kovitz Investment Group Partners LLC lifted its stake in shares of General Motors by 369.9% during the first quarter. Kovitz Investment Group Partners LLC now owns 461,558 shares of the auto manufacturer’s stock valued at $21,707,000 after buying an additional 363,340 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in General Motors during the first quarter worth approximately $1,300,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of NYSE:GM opened at $80.86 on Friday. The business has a 50-day moving average of $68.33 and a two-hundred day moving average of $58.98. The firm has a market capitalization of $75.43 billion, a PE ratio of 16.27, a P/E/G ratio of 0.92 and a beta of 1.30. 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 Company has a 12 month low of $41.60 and a 12 month high of $81.55.

General Motors (NYSE:GM) (TSE:GMM.U) last issued 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. The business had revenue of $48.59 billion during the quarter, compared to analysts’ expectations of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, research analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. General Motors’s dividend payout ratio is presently 12.07%.

Insider Buying and Selling at General Motors

In other news, CAO Christopher Hatto sold 7,724 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $72.00, for a total value of $556,128.00. Following the transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $864,504. This trade represents a 39.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Rory Harvey sold 6,600 shares of the company’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $61.95, for a total transaction of $408,870.00. Following the sale, the executive vice president directly owned 8,513 shares of the company’s stock, valued at approximately $527,380.35. This trade represents a 43.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,254,589 shares of company stock worth $77,219,450 over the last three months. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GM has been the subject of several analyst reports. Barclays boosted their price target on General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. TD Cowen upped their target price on General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Argus set a $78.00 price target on General Motors in a research note on Thursday, October 23rd. Zacks Research upgraded General Motors from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Finally, Citigroup increased their price objective on shares of General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $73.57.

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.