ProShare Advisors LLC Grows Position in General Motors Company $GM

ProShare Advisors LLC lifted its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 6.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,689 shares of the auto manufacturer’s stock after purchasing an additional 11,189 shares during the quarter. ProShare Advisors LLC’s holdings in General Motors were worth $9,187,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC increased its holdings 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 buying an additional 8,012,743 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of General Motors by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer’s stock worth $4,672,023,000 after acquiring an additional 6,395,375 shares in the last quarter. Nuveen LLC acquired a new stake in shares of General Motors during the 1st quarter valued at about $175,889,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of General Motors in the 2nd quarter valued at about $125,583,000. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings 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 currently owned by institutional investors and hedge funds.

General Motors Stock Up 0.9%

Shares of NYSE GM opened at $71.86 on Thursday. The stock has a market cap of $67.04 billion, a PE ratio of 14.46, a P/E/G ratio of 0.96 and a beta of 1.41. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. General Motors Company has a 12-month low of $41.60 and a 12-month high of $72.39. The company has a 50-day moving average of $62.09 and a 200 day moving average of $55.14.

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

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders 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 0.8%. The ex-dividend date is Friday, December 5th. General Motors’s payout ratio is currently 12.07%.

Analyst Upgrades and Downgrades

Several brokerages have commented on GM. UBS Group raised their price objective on General Motors from $81.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada increased their target price on General Motors from $77.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Citigroup boosted their price target on shares of General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Tigress Financial increased their price objective on shares of General Motors from $88.00 to $92.00 and gave the company a “strong-buy” rating in a report on Friday, October 24th. Finally, Benchmark reiterated a “buy” rating on shares of General Motors in a research report on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

Insider Activity

In related news, CAO Christopher Hatto sold 23,400 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.01, for a total value of $1,427,634.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $732,547.07. This represents a 66.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Mark L. Reuss sold 260,600 shares of General Motors stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the transaction, the president directly owned 98,006 shares in the company, valued at $6,512,498.70. This trade represents a 72.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 2,290,340 shares of company stock valued at $137,493,952. 0.54% of the stock is currently owned by 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.