United Advisor Group LLC Acquires Shares of 4,473 General Motors Company $GM

United Advisor Group LLC acquired a new stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in the second quarter, HoldingsChannel.com reports. The fund acquired 4,473 shares of the auto manufacturer’s stock, valued at approximately $220,000.

Several other hedge funds also recently made changes to their positions in GM. Trust Co. of Toledo NA OH bought a new stake in General Motors during the 2nd quarter valued at $25,000. GFG Capital LLC purchased a new position in shares of General Motors in the second quarter valued at about $27,000. Costello Asset Management INC bought a new position in shares of General Motors during the first quarter valued at about $32,000. RMG Wealth Management LLC bought a new position in shares of General Motors during the second quarter valued at about $32,000. Finally, WPG Advisers LLC purchased a new stake in shares of General Motors during the first quarter worth about $34,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Trading Up 0.9%

GM opened at $68.55 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. General Motors Company has a 52 week low of $41.60 and a 52 week high of $72.87. The stock has a market cap of $63.94 billion, a PE ratio of 13.79, a PEG ratio of 0.96 and a beta of 1.41. The business has a 50 day moving average of $63.23 and a 200-day moving average of $55.96.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly 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 company 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 firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities research analysts predict that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on GM shares. Tigress Financial boosted their price target on General Motors from $88.00 to $92.00 and gave the company a “strong-buy” rating in a report on Friday, October 24th. Royal Bank Of Canada lifted their price objective on General Motors from $77.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. TD Cowen upped their target price on General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Cowen reaffirmed a “buy” rating on shares of General Motors in a research note on Tuesday, October 21st. Finally, UBS Group lifted 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, October 22nd. Three 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

Insider Activity at General Motors

In other General Motors news, CAO Christopher Hatto sold 23,400 shares of the firm’s 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 completion of the transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $732,547.07. This trade represents a 66.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mary T. Barra sold 907,024 shares of General Motors stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the transaction, the chief executive officer owned 552,238 shares of the company’s stock, valued at $32,162,341.12. The trade was a 62.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,298,064 shares of company stock valued at $138,050,080 in the last three months. 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.