General Motors Company $GM Stock Holdings Lessened by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 26.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 958,442 shares of the auto manufacturer’s stock after selling 337,605 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.10% of General Motors worth $47,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. CENTRAL TRUST Co increased its stake in General Motors by 12.8% during the 2nd quarter. CENTRAL TRUST Co now owns 6,601 shares of the auto manufacturer’s stock valued at $325,000 after buying an additional 751 shares during the period. Vise Technologies Inc. acquired a new position in General Motors in the 2nd quarter worth approximately $508,000. Allworth Financial LP lifted its position in shares of General Motors by 56.8% in the second quarter. Allworth Financial LP now owns 13,083 shares of the auto manufacturer’s stock worth $644,000 after purchasing an additional 4,739 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of General Motors by 6.4% in the second quarter. ProShare Advisors LLC now owns 186,689 shares of the auto manufacturer’s stock worth $9,187,000 after acquiring an additional 11,189 shares during the last quarter. Finally, PFG Advisors bought a new stake in General Motors in the second quarter worth approximately $214,000. Institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

GM has been the topic of a number of research analyst reports. Wedbush set a $75.00 target price on General Motors and gave the company an “outperform” rating in a report on Tuesday, October 21st. Piper Sandler set a $66.00 price objective on General Motors and gave the company a “neutral” rating in a research report on Tuesday, October 21st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of General Motors in a research report on Tuesday, October 21st. Weiss Ratings downgraded shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a report on Saturday, October 25th. Finally, Tigress Financial raised their price target on shares of General Motors from $88.00 to $92.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, General Motors presently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

Insider Activity

In other news, CAO Christopher Hatto sold 23,400 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.01, for a total value of $1,427,634.00. Following the sale, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at approximately $732,547.07. This represents a 66.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mary T. Barra sold 907,024 shares of General Motors stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $58.24, for a total value 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,290,340 shares of company stock valued at $137,493,952 in the last quarter. Company insiders own 0.54% of the company’s stock.

General Motors Stock Up 0.9%

General Motors stock opened at $71.86 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. General Motors Company has a 1-year low of $41.60 and a 1-year high of $72.39. The company has a fifty day simple moving average of $62.09 and a 200 day simple moving average of $55.14. The company has a market cap of $67.04 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The company had revenue of $48.59 billion during the quarter, compared to analysts’ expectations of $44.60 billion. During the same quarter last year, the company earned $2.96 EPS. General Motors’s revenue for the quarter was down .3% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, December 5th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. General Motors’s dividend payout ratio is 12.07%.

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.