Argonautica Private Wealth Management Inc. Has $256,000 Position in General Motors Company $GM

Argonautica Private Wealth Management Inc. reduced its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 14.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,196 shares of the auto manufacturer’s stock after selling 884 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in General Motors were worth $256,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Sowell Financial Services LLC grew its holdings in General Motors by 2.9% during 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 period. ICONIQ Capital LLC grew its holdings in General Motors by 4.2% during the 1st quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock worth $256,000 after acquiring an additional 220 shares during the period. Hohimer Wealth Management LLC grew its holdings in General Motors by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer’s stock worth $3,310,000 after acquiring an additional 230 shares during the period. HHM Wealth Advisors LLC grew its holdings in General Motors by 14.4% during the 1st quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer’s stock worth $86,000 after acquiring an additional 232 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its position in shares of General Motors by 3.6% during the 1st quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer’s stock worth $316,000 after purchasing an additional 235 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Price Performance

Shares of NYSE GM opened at $66.59 on Wednesday. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $67.55. The stock has a market cap of $63.40 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 1.71 and a beta of 1.33. 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’s 50-day simple moving average is $58.38 and its 200 day simple moving average is $52.34.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results 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 net margin of 2.54% and a return on equity of 12.98%. The business had revenue of $48.59 billion for the quarter, compared to analysts’ expectations of $44.60 billion. During the same quarter last year, the firm earned $2.96 EPS. The firm’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. As a group, 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 announced 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. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.9%. General Motors’s dividend payout ratio (DPR) is currently 9.52%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GM. Piper Sandler set a $66.00 price objective on shares of General Motors and gave the stock a “neutral” rating in a research report on Tuesday. Barclays increased their price objective on shares of General Motors from $73.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. CLSA raised shares of General Motors to a “moderate buy” rating in a research report on Monday, July 7th. Wedbush set a $75.00 price objective on shares of General Motors and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Benchmark began coverage on shares of General Motors in a research report on Monday, July 21st. They set a “buy” rating and a $65.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.40.

Insider Activity

In other General Motors news, CEO Mary T. Barra sold 907,024 shares of General Motors stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $58.24, for a total transaction 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. This trade represents a 62.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Christopher Hatto sold 36,804 shares of General Motors stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $661,585.70. This represents a 75.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,074,824 shares of company stock worth $122,377,213 in the last quarter. 0.54% of the stock is owned by corporate insiders.

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.