Soltis Investment Advisors LLC Boosts Stock Holdings in General Motors Company $GM

Soltis Investment Advisors LLC grew its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 13.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 15,091 shares of the auto manufacturer’s stock after buying an additional 1,768 shares during the quarter. Soltis Investment Advisors LLC’s holdings in General Motors were worth $743,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of GM. AQR Capital Management LLC raised its holdings 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 acquiring an additional 8,012,743 shares during the period. Vanguard Group Inc. grew its position in shares of 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 in the last quarter. Nuveen LLC bought a new stake in shares of General Motors during the 1st quarter valued at $175,889,000. Kingstone Capital Partners Texas LLC purchased a new stake in General Motors during the 2nd quarter worth about $125,583,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in 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 period. 92.67% of the stock is owned by institutional investors.

General Motors Trading Up 0.1%

GM stock opened at $68.84 on Friday. The company has a market capitalization of $64.22 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. General Motors Company has a one year low of $41.60 and a one year high of $70.24. The company’s 50 day moving average price is $61.06 and its two-hundred day moving average price is $54.37.

General Motors (NYSE:GM) (TSE:GMM.U) last released its 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. The company had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, analysts predict that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders 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 is 12.07%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on GM shares. Weiss Ratings cut shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research note on Saturday, October 25th. Barclays lifted their price objective on General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Benchmark restated a “buy” rating on shares of General Motors in a research note on Wednesday, October 22nd. Piper Sandler set a $66.00 price target on General Motors and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Finally, Argus set a $78.00 target price on shares of General Motors in a research report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.00.

Insider Transactions at General Motors

In related news, President Mark L. Reuss sold 260,600 shares of the company’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the sale, the president directly owned 98,006 shares in the company, valued at $6,512,498.70. This represents a 72.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mary T. Barra sold 907,024 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the completion of the sale, the chief executive officer directly owned 552,238 shares in the company, valued at approximately $32,162,341.12. This trade represents a 62.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 2,327,144 shares of company stock worth $139,521,852. Insiders own 0.54% of the company’s stock.

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.