Poinciana Advisors Group LLC Trims Position in General Motors Company $GM

Poinciana Advisors Group LLC decreased its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 28.3% in the 2nd quarter, Holdings Channel reports. The firm owned 5,092 shares of the auto manufacturer’s stock after selling 2,007 shares during the period. Poinciana Advisors Group LLC’s holdings in General Motors were worth $251,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GM. Costello Asset Management INC purchased a new position in shares of General Motors during the first quarter worth about $32,000. WPG Advisers LLC purchased a new position in shares of General Motors during the first quarter worth about $34,000. North Capital Inc. purchased a new position in shares of General Motors during the first quarter worth about $40,000. Banque Transatlantique SA purchased a new position in shares of General Motors during the first quarter worth about $40,000. Finally, SouthState Corp grew its holdings in shares of General Motors by 914.4% during the first quarter. SouthState Corp now owns 984 shares of the auto manufacturer’s stock worth $46,000 after purchasing an additional 887 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GM shares. The Goldman Sachs Group boosted their target price on General Motors from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday. Benchmark started coverage on General Motors in a research report on Monday, July 21st. They issued a “buy” rating and a $65.00 target price for the company. Royal Bank Of Canada restated an “outperform” rating on shares of General Motors in a research report on Thursday, July 24th. Citigroup boosted their target price on General Motors from $61.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Finally, Barclays upgraded General Motors from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $55.00 to $73.00 in a research report on Friday, September 12th. One investment 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 issued a Sell rating to the company. According to data from MarketBeat, General Motors has an average rating of “Moderate Buy” and a consensus price target of $62.11.

Insiders Place Their Bets

In other news, President Mark L. Reuss sold 136,161 shares of the business’s stock in a transaction that occurred on 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 transaction, the president directly 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 hyperlink. Also, EVP Rory Harvey sold 23,977 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total value of $1,271,020.77. Following the transaction, the executive vice president directly owned 8,513 shares in the company, valued at $451,274.13. This trade represents a 73.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,044,824 shares of company stock valued at $120,540,709 over the last three months. 0.54% of the stock is currently owned by corporate insiders.

General Motors Stock Performance

Shares of GM stock opened at $61.14 on Tuesday. 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 Company has a fifty-two week low of $41.60 and a fifty-two week high of $62.14. The stock has a 50 day moving average price of $56.54 and a two-hundred day moving average price of $51.26. The company has a market capitalization of $58.21 billion, a P/E ratio of 9.70, a PEG ratio of 1.29 and a beta of 1.32.

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

General Motors Dividend Announcement

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

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.