Fielder Capital Group LLC Lowers Stock Holdings in General Motors Company $GM

Fielder Capital Group LLC lessened its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 14.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,968 shares of the auto manufacturer’s stock after selling 833 shares during the period. Fielder Capital Group LLC’s holdings in General Motors were worth $244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Trust Co. of Toledo NA OH purchased a new position in shares of General Motors in the second quarter worth $25,000. GFG Capital LLC bought a new stake in shares of General Motors during the second quarter valued at approximately $27,000. Costello Asset Management INC purchased a new stake in General Motors in the first quarter worth $32,000. RMG Wealth Management LLC purchased a new stake in General Motors in the second quarter worth about $32,000. Finally, WPG Advisers LLC bought a new position in shares of General Motors during the first quarter valued at approximately $34,000. 92.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Mary T. Barra sold 907,024 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $58.24, for a total value of $52,825,077.76. Following the transaction, the chief executive officer owned 552,238 shares of the company’s stock, valued at $32,162,341.12. This 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 available through the SEC website. Also, CAO Christopher Hatto sold 36,804 shares of General Motors stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total value of $2,027,900.40. Following the sale, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at approximately $661,585.70. This trade represents a 75.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,335,424 shares of company stock worth $139,694,083 in the last 90 days. 0.54% of the stock is owned by insiders.

General Motors Trading Up 4.1%

Shares of GM opened at $69.60 on Friday. General Motors Company has a twelve month low of $41.60 and a twelve month high of $69.70. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 1.40. The company’s fifty day simple moving average is $59.08 and its 200-day simple moving average is $52.86. The company has a market cap of $64.92 billion, a P/E ratio of 14.00, a P/E/G ratio of 1.35 and a beta of 1.33.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating the consensus estimate of $2.32 by $0.48. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The company had revenue of $48.59 billion for the quarter, compared to the consensus estimate of $44.60 billion. During the same period in the prior year, the firm posted $2.96 EPS. The firm’s revenue was down .3% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, December 5th. General Motors’s dividend payout ratio (DPR) is currently 12.07%.

Wall Street Analysts Forecast Growth

GM has been the topic of a number of recent analyst reports. Mizuho set a $76.00 price target on shares of General Motors in a report on Wednesday. Jefferies Financial Group increased their price target on General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, October 6th. Argus set a $78.00 price target on shares of General Motors in a report on Thursday. Tigress Financial boosted their price target on General Motors from $88.00 to $92.00 and gave the stock a “strong-buy” rating in a report on Friday. Finally, Royal Bank Of Canada lifted their price target on shares of General Motors from $77.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $70.00.

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.