180 Wealth Advisors LLC Sells 3,364 Shares of General Motors Company $GM

180 Wealth Advisors LLC cut its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 13.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,249 shares of the auto manufacturer’s stock after selling 3,364 shares during the quarter. 180 Wealth Advisors LLC’s holdings in General Motors were worth $1,095,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mirova grew its holdings in shares of General Motors by 4.1% during the first quarter. Mirova now owns 133,969 shares of the auto manufacturer’s stock worth $6,301,000 after buying an additional 5,293 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in shares of General Motors by 6.3% during the second quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer’s stock worth $434,000 after buying an additional 526 shares in the last quarter. AustralianSuper Pty Ltd grew its holdings in shares of General Motors by 38.9% during the first quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer’s stock worth $287,428,000 after buying an additional 1,712,033 shares in the last quarter. Boston Partners bought a new position in shares of General Motors during the first quarter worth about $719,000. Finally, Malaga Cove Capital LLC bought a new position in shares of General Motors during the first quarter worth about $292,000. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Performance

NYSE:GM opened at $69.60 on Friday. The stock’s 50-day simple moving average is $59.08 and its 200 day simple moving average is $52.79. The firm has a market capitalization of $64.92 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.29 and a beta of 1.33. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. General Motors Company has a twelve month low of $41.60 and a twelve month high of $69.70.

General Motors (NYSE:GM) (TSE:GMM.U) last released 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. The business had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.General Motors’s revenue was down .3% compared to the same quarter last year. During the same period last year, the firm posted $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.60 annualized dividend and a yield of 0.9%. General Motors’s dividend payout ratio (DPR) is 12.07%.

Insiders Place Their Bets

In related news, CAO Christopher Hatto sold 23,400 shares of the firm’s stock in a transaction dated Friday, September 26th. The stock was 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 $732,547.07. This trade represents a 66.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Rory Harvey sold 6,600 shares of the firm’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.95, for a total value of $408,870.00. Following the completion of the sale, the executive vice president directly owned 8,513 shares in the company, valued at $527,380.35. This trade represents a 43.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,335,424 shares of company stock valued at $139,694,083. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on GM. Wells Fargo & Company increased their price target on General Motors from $40.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday. Benchmark reaffirmed a “buy” rating on shares of General Motors in a research report on Wednesday. Citigroup lifted their price target on General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group lifted their price target on General Motors from $81.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wall Street Zen upgraded General Motors from a “hold” rating to a “buy” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.00.

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.