Pitcairn Co. Has $1.69 Million Position in General Motors Company $GM

Pitcairn Co. lessened its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 18.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 34,344 shares of the auto manufacturer’s stock after selling 7,691 shares during the period. Pitcairn Co.’s holdings in General Motors were worth $1,690,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GM. Trust Co. of Toledo NA OH bought a new stake in shares of General Motors in the second quarter valued at approximately $25,000. GFG Capital LLC acquired a new position in General Motors during the 2nd quarter valued at $27,000. RMG Wealth Management LLC bought a new stake in General Motors in the 2nd quarter valued at $32,000. WPG Advisers LLC bought a new stake in General Motors in the 1st quarter valued at $34,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in General Motors in the 2nd quarter worth $38,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Up 0.0%

NYSE GM opened at $80.86 on Monday. General Motors Company has a 1-year low of $41.60 and a 1-year high of $81.55. The company has a market capitalization of $75.43 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 0.92 and a beta of 1.30. The stock’s 50 day moving average is $68.33 and its two-hundred day moving average is $59.12. 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 (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, topping 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 business had revenue of $48.59 billion during the quarter, compared to the consensus estimate of $44.60 billion. During the same quarter last year, the company earned $2.96 EPS. General Motors’s revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities analysts forecast 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. Investors of record on Friday, December 5th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, December 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.7%. General Motors’s dividend payout ratio (DPR) is 12.07%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GM shares. Wedbush set a $75.00 price objective on shares of General Motors and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Tigress Financial boosted their price target on General Motors from $88.00 to $92.00 and gave the company a “strong-buy” rating in a research note on Friday, October 24th. JPMorgan Chase & Co. upped their price target on General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. TD Cowen lifted their price objective on General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, UBS Group boosted their price objective on General Motors from $81.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.57.

Insider Activity

In other news, CAO Christopher Hatto sold 23,400 shares of General Motors stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer owned 12,007 shares in the company, valued at approximately $732,547.07. The trade was a 66.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mary T. Barra sold 753,720 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total value of $45,185,514.00. Following the completion of the transaction, the chief executive officer directly owned 433,527 shares in the company, valued at $25,989,943.65. The trade was a 63.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,254,589 shares of company stock valued at $77,219,450. Company insiders own 0.54% of the company’s stock.

About General Motors

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.