Grantham Mayo Van Otterloo & Co. LLC Decreases Stock Holdings in General Motors Company $GM

Grantham Mayo Van Otterloo & Co. LLC cut its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 13.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 913,909 shares of the auto manufacturer’s stock after selling 137,535 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.10% of General Motors worth $44,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GM. Sowell Financial Services LLC increased its stake in shares of General Motors by 2.9% in the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after acquiring an additional 195 shares during the last quarter. Mayflower Financial Advisors LLC increased its position in General Motors by 4.1% during the second quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock worth $254,000 after purchasing an additional 205 shares during the last quarter. ICONIQ Capital LLC raised its stake in General Motors by 4.2% during the first quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock worth $256,000 after purchasing an additional 220 shares during the period. HHM Wealth Advisors LLC raised its stake in General Motors by 14.4% during the first quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer’s stock worth $86,000 after purchasing an additional 232 shares during the period. Finally, Private Trust Co. NA boosted its holdings in General Motors by 4.8% in the 2nd quarter. Private Trust Co. NA now owns 5,519 shares of the auto manufacturer’s stock valued at $272,000 after purchasing an additional 253 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Price Performance

Shares of NYSE GM opened at $72.82 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. The company has a market cap of $67.93 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41. The stock’s 50-day moving average is $64.72 and its two-hundred day moving average is $56.93. General Motors Company has a 1-year low of $41.60 and a 1-year high of $73.45.

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

General Motors Dividend Announcement

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

Insiders Place Their Bets

In related news, President Mark L. Reuss sold 260,600 shares of General Motors stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total value of $17,316,870.00. Following the sale, the president directly owned 98,006 shares in the company, valued at $6,512,498.70. The trade was a 72.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rory Harvey sold 6,600 shares of the stock in a transaction on Friday, September 26th. The stock was sold at an average price of $61.95, for a total value of $408,870.00. Following the completion of the transaction, the executive vice president owned 8,513 shares of the company’s stock, valued at $527,380.35. The trade was a 43.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,288,534 shares of company stock valued at $79,253,568 over the last 90 days. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GM shares. Wedbush set a $75.00 price target on shares of General Motors and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Argus set a $78.00 target price on General Motors in a research report on Thursday, October 23rd. Tigress Financial lifted their price target on shares of General Motors from $88.00 to $92.00 and gave the company a “strong-buy” rating in a research report on Friday, October 24th. Zacks Research upgraded shares of General Motors from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Finally, Royal Bank Of Canada boosted their target price on General Motors from $77.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Three equities 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.27.

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.