NWF Advisory Services Inc. Cuts Stake in General Motors Company $GM

NWF Advisory Services Inc. lowered its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 8.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 118,892 shares of the auto manufacturer’s stock after selling 10,613 shares during the period. General Motors comprises about 1.0% of NWF Advisory Services Inc.’s investment portfolio, making the stock its 24th biggest position. NWF Advisory Services Inc.’s holdings in General Motors were worth $8,857,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Cibc World Market Inc. raised its stake in shares of General Motors by 57.2% during the fourth quarter. Cibc World Market Inc. now owns 200,662 shares of the auto manufacturer’s stock valued at $16,318,000 after acquiring an additional 72,984 shares during the last quarter. M&T Bank Corp grew its stake in shares of General Motors by 82.0% in the fourth quarter. M&T Bank Corp now owns 72,062 shares of the auto manufacturer’s stock worth $5,860,000 after purchasing an additional 32,474 shares during the last quarter. Legacy Capital Group California Inc. increased its holdings in General Motors by 206.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer’s stock valued at $1,708,000 after purchasing an additional 14,150 shares during the period. Janney Montgomery Scott LLC increased its holdings in General Motors by 16.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 202,172 shares of the auto manufacturer’s stock valued at $15,062,000 after purchasing an additional 28,163 shares during the period. Finally, Leonteq Securities AG bought a new position in General Motors during the 4th quarter valued at approximately $17,753,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Trading Down 1.4%

GM opened at $76.77 on Tuesday. The stock has a market cap of $69.22 billion, a PE ratio of 30.96, a PEG ratio of 0.39 and a beta of 1.31. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. The business has a 50 day moving average of $78.91 and a 200-day moving average of $79.05. General Motors Company has a 52 week low of $48.87 and a 52 week high of $87.62.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, beating the consensus estimate of $2.61 by $1.09. The company had revenue of $43.62 billion for the quarter, compared to analyst estimates of $43.51 billion. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The firm’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Equities research analysts predict that General Motors Company will post 12.85 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, June 5th. General Motors’s payout ratio is 29.03%.

Insider Transactions at General Motors

In related news, CAO Christopher Hatto sold 6,895 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $85.00, for a total transaction of $586,075.00. Following the sale, the chief accounting officer owned 25,794 shares of the company’s stock, valued at $2,192,490. The trade was a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 9,124 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $84.97, for a total transaction of $775,266.28. Following the completion of the sale, the executive vice president owned 37,395 shares in the company, valued at approximately $3,177,453.15. This trade represents a 19.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 697,388 shares of company stock valued at $57,752,596 in the last three months. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GM has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a report on Tuesday, April 21st. TD Cowen upped their target price on General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wedbush reaffirmed an “outperform” rating and issued a $95.00 price target on shares of General Motors in a research note on Monday, May 11th. Evercore reiterated an “outperform” rating and issued a $100.00 price target on shares of General Motors in a report on Monday, May 4th. Finally, Citigroup boosted their price objective on shares of General Motors from $108.00 to $131.00 and gave the company a “buy” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $97.27.

General Motors Profile

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.