Drucker Wealth 3.0 LLC Purchases Shares of 4,502 General Motors Company $GM

Drucker Wealth 3.0 LLC purchased a new stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,502 shares of the auto manufacturer’s stock, valued at approximately $237,000.

Several other institutional investors have also added to or reduced their stakes in GM. AQR Capital Management LLC boosted its position in General Motors by 146.8% during the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock valued at $629,196,000 after buying an additional 8,012,743 shares during the period. Vanguard Group Inc. boosted its holdings in shares of General Motors by 6.9% during the first quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer’s stock worth $4,672,023,000 after purchasing an additional 6,395,375 shares during the period. Nuveen LLC purchased a new stake in shares of General Motors during the first quarter worth about $175,889,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of General Motors during the second quarter worth about $125,583,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of General Motors by 17.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer’s stock worth $603,048,000 after purchasing an additional 1,910,186 shares during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Motors

In other General Motors news, CEO Mary T. Barra sold 907,024 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the completion of the transaction, the chief executive officer owned 552,238 shares of the company’s stock, valued at approximately $32,162,341.12. This trade represents a 62.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Christopher Hatto sold 36,804 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the transaction, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at $661,585.70. This represents a 75.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,074,824 shares of company stock worth $122,377,213 over the last three months. Company insiders own 0.54% of the company’s stock.

General Motors Price Performance

GM stock opened at $55.36 on Friday. General Motors Company has a 1 year low of $41.60 and a 1 year high of $62.14. The firm has a 50-day moving average of $57.61 and a 200 day moving average of $51.75. The company has a market cap of $52.70 billion, a P/E ratio of 8.79, a PEG ratio of 1.17 and a beta of 1.33. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The business had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter last year, the firm earned $3.06 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, sell-side 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 was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. General Motors’s dividend payout ratio (DPR) is currently 9.52%.

Analyst Ratings Changes

A number of analysts have recently weighed in on GM shares. CLSA upgraded shares of General Motors to a “moderate buy” rating in a report on Monday, July 7th. Wedbush increased their target price on shares of General Motors from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of General Motors in a report on Wednesday. Wells Fargo & Company increased their target price on shares of General Motors from $38.00 to $40.00 and gave the stock an “underweight” rating in a report on Friday, October 3rd. Finally, UBS Group raised shares of General Motors from a “neutral” rating to a “buy” rating and increased their price target for the stock from $56.00 to $81.00 in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $64.84.

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.