Ninety One SA PTY Ltd Reduces Holdings in General Motors Company $GM

Ninety One SA PTY Ltd lessened its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 0.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,177 shares of the auto manufacturer’s stock after selling 343 shares during the period. Ninety One SA PTY Ltd’s holdings in General Motors were worth $2,961,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Ninety One UK Ltd raised its position in shares of General Motors by 13.3% during the 2nd quarter. Ninety One UK Ltd now owns 4,793,495 shares of the auto manufacturer’s stock worth $235,888,000 after purchasing an additional 564,247 shares during the last quarter. Capital Investment Advisors LLC increased its position in General Motors by 6.3% during the second quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer’s stock worth $434,000 after buying an additional 526 shares in the last quarter. Northwest Wealth Management LLC increased its position in General Motors by 46.4% during the second quarter. Northwest Wealth Management LLC now owns 6,946 shares of the auto manufacturer’s stock worth $342,000 after buying an additional 2,200 shares in the last quarter. Venture Visionary Partners LLC increased its position in General Motors by 1.7% during the second quarter. Venture Visionary Partners LLC now owns 33,636 shares of the auto manufacturer’s stock worth $1,655,000 after buying an additional 569 shares in the last quarter. Finally, GC Wealth Management RIA LLC acquired a new stake in shares of General Motors during the second quarter valued at $480,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insider Transactions at General Motors

In other news, President Mark L. Reuss sold 136,161 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $60.12, for a total transaction of $8,185,999.32. Following the completion of the sale, the president owned 131,036 shares in the company, valued at approximately $7,877,884.32. The trade was a 50.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Christopher Hatto sold 23,400 shares of General Motors stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.01, for a total transaction of $1,427,634.00. Following the transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $732,547.07. This trade represents a 66.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,074,824 shares of company stock valued at $122,377,213. Insiders own 0.54% of the company’s stock.

General Motors Price Performance

General Motors stock opened at $60.92 on Wednesday. The company has a market cap of $58.00 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 1.29 and a beta of 1.32. The firm has a 50 day moving average price of $56.78 and a 200 day moving average price of $51.32. General Motors Company has a 1 year low of $41.60 and a 1 year high of $62.14. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.01. The company had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. General Motors’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Sell-side analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.0%. General Motors’s dividend payout ratio is currently 9.52%.

Analyst Ratings Changes

A number of research firms recently commented on GM. Wells Fargo & Company increased their price objective on General Motors from $34.00 to $38.00 and gave the company an “underweight” rating in a research note on Wednesday, July 23rd. Industrial Alliance Securities set a $70.00 price objective on shares of General Motors in a research report on Friday, July 11th. Benchmark began coverage on shares of General Motors in a research report on Monday, July 21st. They issued a “buy” rating and a $65.00 price objective for the company. CLSA raised shares of General Motors to a “moderate buy” rating in a research report on Monday, July 7th. Finally, UBS Group raised shares of General Motors from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $56.00 to $81.00 in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.16.

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.