General Motors Company $GM Shares Bought by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC grew its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 10.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,898 shares of the auto manufacturer’s stock after buying an additional 1,209 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in General Motors were worth $635,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. AQR Capital Management LLC increased its stake in General Motors by 146.8% in 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 purchasing an additional 8,012,743 shares during the period. Vanguard Group Inc. increased its stake in General Motors by 6.9% in the first quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer’s stock valued at $4,672,023,000 after purchasing an additional 6,395,375 shares during the period. Nuveen LLC acquired a new position in General Motors in the first quarter valued at $175,889,000. Kingstone Capital Partners Texas LLC acquired a new position in General Motors in the second quarter valued at $125,583,000. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in General Motors by 17.5% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer’s stock valued at $603,048,000 after purchasing an additional 1,910,186 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GM shares. Mizuho lifted their price objective on shares of General Motors from $58.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. Barclays upped their price objective on shares of General Motors from $73.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Bank of America cut their price objective on shares of General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. CLSA upgraded shares of General Motors to a “moderate buy” rating in a research report on Monday, July 7th. Finally, Jefferies Financial Group upped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 23,977 shares of General Motors stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the transaction, the executive vice president directly owned 8,513 shares of the company’s stock, valued at $451,274.13. The trade was a 73.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Mark L. Reuss sold 136,161 shares of General Motors stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $60.12, for a total transaction of $8,185,999.32. Following the transaction, the president directly owned 131,036 shares in the company, valued at approximately $7,877,884.32. This trade represents a 50.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,074,824 shares of company stock valued at $122,377,213. 0.54% of the stock is currently owned by corporate insiders.

General Motors Price Performance

General Motors stock opened at $57.32 on Friday. General Motors Company has a 12-month low of $41.60 and a 12-month high of $62.14. The stock has a market capitalization of $54.57 billion, a P/E ratio of 9.10, a P/E/G ratio of 1.71 and a beta of 1.33. The firm’s 50-day moving average is $57.95 and its two-hundred day moving average is $52.00. 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 released its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $45.87 billion. During the same period last year, the company earned $3.06 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, September 5th. General Motors’s payout ratio is 9.52%.

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.