General Motors Company $GM Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC trimmed its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 26.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,052 shares of the auto manufacturer’s stock after selling 3,953 shares during the period. Prime Capital Investment Advisors LLC’s holdings in General Motors were worth $544,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cassia Capital Partners LLC boosted its stake in General Motors by 63.0% in the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer’s stock valued at $879,000 after acquiring an additional 7,221 shares in the last quarter. Mirova boosted its stake in General Motors by 4.1% in the first quarter. Mirova now owns 133,969 shares of the auto manufacturer’s stock valued at $6,301,000 after acquiring an additional 5,293 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in shares of General Motors by 6.3% in 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 during the last quarter. AustralianSuper Pty Ltd lifted its stake in shares of General Motors by 38.9% during the first quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer’s stock worth $287,428,000 after buying an additional 1,712,033 shares during the period. Finally, Sowell Financial Services LLC acquired a new stake in shares of General Motors during the first quarter worth $312,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on GM. JPMorgan Chase & Co. lifted their price objective on shares of General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of General Motors in a research note on Wednesday. The Goldman Sachs Group lifted their price objective on shares of General Motors from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Benchmark began coverage on shares of General Motors in a research note on Monday, July 21st. They set a “buy” rating and a $65.00 price objective for the company. Finally, UBS Group upgraded shares of General Motors from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $56.00 to $81.00 in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.84.

General Motors Trading Down 1.0%

Shares of General Motors stock opened at $55.36 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The firm has a fifty day moving average price of $57.61 and a 200 day moving average price of $51.75. General Motors Company has a 1 year low of $41.60 and a 1 year high of $62.14. The stock has a market cap of $52.70 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 1.18 and a beta of 1.33.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm had revenue of $47.12 billion during the quarter, compared to analysts’ expectations of $45.87 billion. During the same quarter last year, the company posted $3.06 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities research 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 disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. General Motors’s payout ratio is presently 9.52%.

Insider Activity

In other General Motors news, President Mark L. Reuss sold 136,161 shares of General Motors stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $60.12, for a total value of $8,185,999.32. Following the completion of the transaction, the president owned 131,036 shares of the company’s stock, valued at approximately $7,877,884.32. The trade was a 50.96% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 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 completion of the transaction, the chief executive officer directly owned 552,238 shares of the company’s stock, valued at $32,162,341.12. The trade was a 62.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,074,824 shares of company stock worth $122,377,213 over the last three months. Corporate insiders own 0.54% of the company’s stock.

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.