AustralianSuper Pty Ltd Has $256.87 Million Position in General Motors Company $GM

AustralianSuper Pty Ltd lowered its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 14.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,219,919 shares of the auto manufacturer’s stock after selling 891,663 shares during the period. General Motors comprises about 1.3% of AustralianSuper Pty Ltd’s investment portfolio, making the stock its 16th biggest holding. AustralianSuper Pty Ltd owned 0.55% of General Motors worth $256,872,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Teacher Retirement System of Texas boosted its stake in shares of General Motors by 2.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 990,322 shares of the auto manufacturer’s stock valued at $48,734,000 after buying an additional 28,342 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in shares of General Motors by 4.2% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 142,396 shares of the auto manufacturer’s stock valued at $7,007,000 after buying an additional 5,699 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of General Motors by 24.1% during the 2nd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 72,722 shares of the auto manufacturer’s stock valued at $3,578,000 after buying an additional 14,122 shares during the period. Chilton Capital Management LLC raised its holdings in shares of General Motors by 941.1% during the 2nd quarter. Chilton Capital Management LLC now owns 3,800 shares of the auto manufacturer’s stock valued at $187,000 after purchasing an additional 3,435 shares in the last quarter. Finally, Optimum Investment Advisors raised its holdings in shares of General Motors by 60.0% during the 2nd quarter. Optimum Investment Advisors now owns 800 shares of the auto manufacturer’s stock valued at $39,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of GM opened at $69.60 on Monday. The company has a market capitalization of $64.92 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 0.96 and a beta of 1.33. General Motors Company has a one year low of $41.60 and a one year high of $69.70. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. The company’s fifty day moving average price is $59.08 and its 200 day moving average price is $52.91.

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. The firm had revenue of $48.59 billion for the quarter, compared to the consensus estimate of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

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

Wall Street Analyst Weigh In

GM has been the topic of a number of recent research reports. Citigroup raised their price target on shares of General Motors from $75.00 to $86.00 and gave the company a “buy” rating in a report on Thursday. UBS Group raised their price target on shares of General Motors from $81.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday. Tigress Financial raised their price target on shares of General Motors from $88.00 to $92.00 and gave the company a “strong-buy” rating in a report on Friday. TD Cowen raised their price target on shares of General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Piper Sandler set a $66.00 target price on shares of General Motors and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Two 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. According to data from MarketBeat.com, General Motors currently has a consensus rating of “Moderate Buy” and an average price target of $70.00.

Insider Activity at General Motors

In other General Motors news, EVP Rory Harvey sold 6,600 shares of the firm’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $61.95, for a total value of $408,870.00. Following the sale, the executive vice president directly owned 8,513 shares in the company, valued at $527,380.35. This trade represents a 43.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mary T. Barra sold 753,720 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer owned 433,527 shares in the company, valued at $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. Over the last 90 days, insiders have sold 2,335,424 shares of company stock valued at $139,694,083. Company insiders own 0.54% of the company’s stock.

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.