Callan Family Office LLC Has $1.35 Million Stock Position in General Motors Company $GM

Callan Family Office LLC lifted its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 138.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,452 shares of the auto manufacturer’s stock after acquiring an additional 15,942 shares during the period. Callan Family Office LLC’s holdings in General Motors were worth $1,351,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of GM. GFG Capital LLC acquired a new stake in shares of General Motors in the second quarter worth $27,000. Costello Asset Management INC acquired a new stake in shares of General Motors in the first quarter worth $32,000. RMG Wealth Management LLC acquired a new stake in shares of General Motors in the second quarter worth $32,000. WPG Advisers LLC acquired a new stake in shares of General Motors in the first quarter worth $34,000. Finally, North Capital Inc. acquired a new stake in shares of General Motors in the first quarter worth $40,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Down 1.0%

Shares of NYSE GM opened at $55.36 on Monday. The business has a fifty day moving average of $57.61 and a two-hundred day moving average of $51.79. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. General Motors Company has a 52-week low of $41.60 and a 52-week high of $62.14. The stock has a market cap of $52.70 billion, a PE ratio of 8.79, a PEG ratio of 1.17 and a beta of 1.33.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business had revenue of $47.12 billion during the quarter, compared to analysts’ expectations of $45.87 billion. During the same period in the previous year, the business posted $3.06 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, equities research analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, September 5th. General Motors’s payout ratio is currently 9.52%.

Analyst Upgrades and Downgrades

GM has been the topic of several research analyst reports. CLSA upgraded shares of General Motors to a “moderate buy” rating in a research note on Monday, July 7th. JPMorgan Chase & Co. raised their target price on General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Industrial Alliance Securities set a $70.00 target price on General Motors in a research report on Friday, July 11th. Wells Fargo & Company lifted their price objective on General Motors from $38.00 to $40.00 and gave the company an “underweight” rating in a report on Friday, October 3rd. Finally, Bank of America cut their price objective on General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.84.

Insiders Place Their Bets

In related news, CAO Christopher Hatto sold 36,804 shares of General Motors stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total value of $2,027,900.40. Following the completion of the transaction, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at $661,585.70. The trade was a 75.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rory Harvey sold 23,977 shares of General Motors stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total value of $1,271,020.77. Following the completion of the transaction, the executive vice president directly owned 8,513 shares of the company’s stock, valued at $451,274.13. This represents a 73.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,074,824 shares of company stock valued at $122,377,213. 0.54% of the stock is owned by corporate 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.