General Motors Company $GM Stock Position Increased by Optimum Investment Advisors

Optimum Investment Advisors boosted its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 60.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 800 shares of the auto manufacturer’s stock after purchasing an additional 300 shares during the quarter. Optimum Investment Advisors’ holdings in General Motors were worth $39,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GM. AQR Capital Management LLC increased its stake in General Motors by 146.8% during the 1st 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. increased its stake in General Motors by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer’s stock valued at $4,672,023,000 after buying an additional 6,395,375 shares during the period. Nuveen LLC acquired a new position in General Motors during the 1st quarter valued at about $175,889,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of General Motors in the 2nd quarter worth approximately $125,583,000. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of General Motors by 17.5% in the 1st 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 last quarter. 92.67% of the stock is currently owned by institutional investors.

Insider Activity at General Motors

In related news, EVP Rory Harvey sold 6,600 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.95, for a total transaction of $408,870.00. Following the completion of the sale, the executive vice president directly owned 8,513 shares in the company, valued at approximately $527,380.35. This trade represents a 43.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mary T. Barra sold 753,720 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the sale, the chief executive officer owned 433,527 shares of the company’s stock, valued at approximately $25,989,943.65. This represents a 63.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,335,424 shares of company stock valued at $139,694,083. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GM. Wells Fargo & Company lifted their price objective on shares of General Motors from $40.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 22nd. Piper Sandler set a $66.00 price objective on shares of General Motors and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Bank of America lowered their price objective on shares of General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Barclays lifted their price objective on shares of General Motors from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Jefferies Financial Group lifted their price objective on shares of General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, October 6th. Two research 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

General Motors Stock Performance

Shares of GM opened at $69.60 on Monday. General Motors Company has a one year low of $41.60 and a one year high of $69.70. The company has a 50-day moving average of $59.08 and a two-hundred day moving average of $52.91. The stock has a market cap of $64.92 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 0.96 and a beta of 1.33. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $44.60 billion. During the same period last year, the company posted $2.96 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, equities research analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

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

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.