4,276 Shares in General Motors Company $GM Acquired by PDS Planning Inc

PDS Planning Inc acquired a new position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,276 shares of the auto manufacturer’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in General Motors by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer’s stock worth $4,672,023,000 after acquiring an additional 6,395,375 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of General Motors by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer’s stock worth $676,322,000 after purchasing an additional 316,196 shares during the period. Invesco Ltd. lifted its holdings in shares of General Motors by 4.5% during the first quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer’s stock worth $646,482,000 after purchasing an additional 594,217 shares during the period. AQR Capital Management LLC lifted its holdings in shares of General Motors by 146.8% during the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock worth $629,196,000 after purchasing an additional 8,012,743 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of General Motors by 17.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer’s stock worth $603,048,000 after purchasing an additional 1,910,186 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Motors

In other news, President Mark L. Reuss sold 136,161 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $60.12, for a total transaction of $8,185,999.32. Following the completion of the sale, the president owned 131,036 shares of the company’s stock, valued at $7,877,884.32. The trade was a 50.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rory Harvey sold 23,977 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the sale, the executive vice president directly owned 8,513 shares of the company’s stock, valued at $451,274.13. This represents a 73.80% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,074,824 shares of company stock valued at $122,377,213. Insiders own 0.54% of the company’s stock.

General Motors Trading Up 0.5%

Shares of General Motors stock opened at $55.63 on Tuesday. The company has a market cap of $52.96 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 1.17 and a beta of 1.33. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $62.14. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. The firm has a 50-day simple moving average of $57.67 and a two-hundred day simple moving average of $51.85.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.01. The company had revenue of $47.12 billion during the quarter, compared to analysts’ expectations of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.General Motors’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, equities analysts predict that General Motors Company will post 11.44 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, September 18th. Stockholders of record on Friday, September 5th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, September 5th. General Motors’s dividend payout ratio is presently 9.52%.

Analyst Upgrades and Downgrades

GM has been the subject of several research reports. The Goldman Sachs Group lifted their price objective on shares of General Motors from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Jefferies Financial Group boosted their target price on shares of General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, October 6th. Citigroup boosted their target price on shares of General Motors from $61.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Benchmark started coverage on General Motors in a report on Monday, July 21st. They issued a “buy” rating and a $65.00 price objective for the company. Finally, Bank of America decreased their price objective on General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

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.