waypoint wealth counsel Has $401,000 Stock Position in General Motors Company $GM

waypoint wealth counsel grew its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 63.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,140 shares of the auto manufacturer’s stock after buying an additional 3,147 shares during the period. waypoint wealth counsel’s holdings in General Motors were worth $401,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH acquired a new position in shares of General Motors in the 2nd quarter valued at approximately $25,000. GFG Capital LLC acquired a new position in shares of General Motors in the 2nd quarter valued at approximately $27,000. Costello Asset Management INC acquired a new position in shares of General Motors in the first quarter valued at approximately $32,000. RMG Wealth Management LLC acquired a new position in shares of General Motors in the second quarter valued at approximately $32,000. Finally, WPG Advisers LLC acquired a new position in shares of General Motors in the first quarter valued at approximately $34,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, 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 approximately $527,380.35. This trade represents a 43.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mary T. Barra sold 753,720 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total value of $45,185,514.00. Following the completion of the sale, the chief executive officer directly owned 433,527 shares of the company’s stock, valued at approximately $25,989,943.65. The trade was a 63.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,074,824 shares of company stock valued at $122,377,213. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

GM has been the subject of a number of research analyst reports. Barclays upped their target price on shares of General Motors from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $77.00 price objective on shares of General Motors in a research report on Friday. Citigroup upped their price objective on General Motors from $61.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. CLSA raised General Motors to a “moderate buy” rating in a research report on Monday, July 7th. Finally, Mizuho upped their price target on General Motors from $58.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.84.

General Motors Stock Performance

Shares of NYSE GM opened at $55.36 on Friday. The stock has a 50 day moving average price of $57.61 and a 200 day moving average price of $51.75. General Motors Company has a 52 week low of $41.60 and a 52 week high of $62.14. 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 stock has a market capitalization of $52.70 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 1.17 and a beta of 1.33.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating the consensus estimate of $2.52 by $0.01. The company had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Analysts predict that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, September 5th. General Motors’s dividend payout ratio (DPR) is 9.52%.

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.