General Motors Company $GM Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lowered its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 30.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 30,700 shares of the auto manufacturer’s stock after selling 13,324 shares during the period. Douglas Lane & Associates LLC’s holdings in General Motors were worth $2,364,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. LifeGoal Investments LLC lifted its holdings in shares of General Motors by 17.9% in the third quarter. LifeGoal Investments LLC now owns 3,237 shares of the auto manufacturer’s stock valued at $249,000 after buying an additional 491 shares during the period. GAMMA Investing LLC boosted its position in shares of General Motors by 7.8% in the 3rd quarter. GAMMA Investing LLC now owns 33,896 shares of the auto manufacturer’s stock valued at $2,610,000 after purchasing an additional 2,441 shares during the period. Farther Finance Advisors LLC increased its position in shares of General Motors by 16.8% in the third quarter. Farther Finance Advisors LLC now owns 30,156 shares of the auto manufacturer’s stock worth $2,322,000 after acquiring an additional 4,344 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of General Motors by 22.7% in the 3rd quarter. CoreCap Advisors LLC now owns 4,459 shares of the auto manufacturer’s stock valued at $343,000 after acquiring an additional 824 shares in the last quarter. Finally, Artemis Investment Management LLP raised its stake in General Motors by 20.5% during the 3rd quarter. Artemis Investment Management LLP now owns 2,138,403 shares of the auto manufacturer’s stock valued at $164,657,000 after purchasing an additional 363,125 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Performance

NYSE:GM opened at $82.78 on Friday. The firm has a 50 day moving average of $84.79 and a 200-day moving average of $80.82. General Motors Company has a 1 year low of $54.33 and a 1 year high of $91.85. The stock has a market capitalization of $72.64 billion, a P/E ratio of 41.81, a price-to-earnings-growth ratio of 0.46 and a beta of 1.40. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.38. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The company had revenue of $48.03 billion during the quarter, compared to the consensus estimate of $47.01 billion. During the same period in the previous year, the firm posted $2.53 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, sell-side analysts anticipate that General Motors Company will post 13.52 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Friday, September 4th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. General Motors’s dividend payout ratio (DPR) is presently 36.36%.

Insider Activity at General Motors

In other news, EVP Rory Harvey sold 8,882 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $86.95, for a total value of $772,289.90. Following the transaction, the executive vice president directly owned 28,513 shares in the company, valued at $2,479,205.35. This trade represents a 23.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $90.00, for a total value of $620,550.00. Following the transaction, the chief accounting officer owned 18,899 shares of the company’s stock, valued at $1,700,910. The trade was a 26.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 549,665 shares of company stock worth $49,010,828. 0.44% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a report on Friday, July 17th. Truist Financial set a $105.00 price objective on General Motors in a report on Wednesday. Morgan Stanley boosted their target price on shares of General Motors from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. BNP Paribas Exane raised their target price on General Motors from $102.00 to $112.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Finally, UBS Group decreased their price objective on shares of General Motors from $114.00 to $112.00 and set a “buy” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $101.52.

General Motors Profile

General Motors Company (NYSE:GM) is a global automotive manufacturer headquartered in Detroit, Michigan. Founded in 1908, the company designs, manufactures and sells cars, trucks and sport utility vehicles under brands including Chevrolet, Buick, GMC and Cadillac.

GM serves customers primarily in North America and also operates in international markets. Its business includes gasoline-powered and electric vehicles, commercial and fleet vehicles, vehicle financing through GM Financial, and connected-vehicle services such as OnStar.