Creative Planning Decreases Stock Position in General Motors Company $GM

Creative Planning lowered its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 4.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,150 shares of the auto manufacturer’s stock after selling 10,007 shares during the period. Creative Planning’s holdings in General Motors were worth $10,834,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sowell Financial Services LLC lifted its holdings in General Motors by 2.9% in the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after buying an additional 195 shares in the last quarter. Mayflower Financial Advisors LLC increased its position in shares of General Motors by 4.1% during the second quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock worth $254,000 after acquiring an additional 205 shares during the last quarter. ICONIQ Capital LLC lifted its stake in shares of General Motors by 4.2% in the first quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock worth $256,000 after acquiring an additional 220 shares in the last quarter. HHM Wealth Advisors LLC boosted its holdings in General Motors by 14.4% in the first quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer’s stock valued at $86,000 after purchasing an additional 232 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in General Motors by 4.8% during the 2nd quarter. Private Trust Co. NA now owns 5,519 shares of the auto manufacturer’s stock valued at $272,000 after purchasing an additional 253 shares in the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Rory Harvey sold 6,600 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $61.95, for a total transaction of $408,870.00. Following the sale, the executive vice president owned 8,513 shares of the company’s stock, valued at $527,380.35. The trade was a 43.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Mark L. Reuss sold 260,600 shares of the business’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total value 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,298,064 shares of company stock valued at $138,050,080 over the last quarter. Company insiders own 0.54% of the company’s stock.

General Motors Stock Performance

General Motors stock opened at $67.92 on Wednesday. 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 Company has a 12 month low of $41.60 and a 12 month high of $72.87. The company has a fifty day moving average price of $63.00 and a two-hundred day moving average price of $55.87. The company has a market cap of $63.36 billion, a PE ratio of 13.67, a P/E/G ratio of 0.96 and a beta of 1.41.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $2.96 EPS. The company’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. 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 announced 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. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.9%. General Motors’s dividend payout ratio is 12.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GM shares. Weiss Ratings lowered General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research report on Saturday, October 25th. Barclays upped their price target on shares of General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Benchmark reissued a “buy” rating on shares of General Motors in a research report on Wednesday, October 22nd. Citigroup increased their price target on shares of General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Piper Sandler set a $66.00 price target on General Motors and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Three 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 issued a Sell rating to the company. According to MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and an average target price 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.