Avantra Family Wealth Inc. Has $442,000 Stake in General Motors Company $GM

Avantra Family Wealth Inc. lowered its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 39.0% during the second quarter, Holdings Channel reports. The firm owned 8,987 shares of the auto manufacturer’s stock after selling 5,734 shares during the period. Avantra Family Wealth Inc.’s holdings in General Motors were worth $442,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cassia Capital Partners LLC lifted its position in shares of General Motors by 63.0% in the 1st quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer’s stock worth $879,000 after purchasing an additional 7,221 shares during the period. Mirova lifted its position in shares of General Motors by 4.1% in the 1st quarter. Mirova now owns 133,969 shares of the auto manufacturer’s stock worth $6,301,000 after purchasing an additional 5,293 shares during the period. Capital Investment Advisors LLC lifted its position in shares of General Motors by 6.3% in the 2nd quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer’s stock worth $434,000 after purchasing an additional 526 shares during the period. AustralianSuper Pty Ltd lifted its position in shares of General Motors by 38.9% in the 1st quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer’s stock worth $287,428,000 after purchasing an additional 1,712,033 shares during the period. Finally, Sowell Financial Services LLC acquired a new position in shares of General Motors in the 1st quarter worth approximately $312,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GM shares. JPMorgan Chase & Co. boosted their target price on shares of General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Industrial Alliance Securities set a $70.00 target price on shares of General Motors in a research report on Friday, July 11th. Royal Bank Of Canada reiterated an “outperform” rating on shares of General Motors in a research report on Thursday, July 24th. The Goldman Sachs Group boosted their target price on shares of General Motors from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Finally, Bank of America dropped their target price on shares of General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, General Motors currently has an average rating of “Moderate Buy” and a consensus price target of $62.85.

General Motors Stock Performance

GM opened at $58.17 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. The company’s fifty day moving average price is $57.31 and its two-hundred day moving average price is $51.63. General Motors Company has a 1-year low of $41.60 and a 1-year high of $62.14. The company has a market cap of $55.38 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 1.27 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 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter in the prior year, the company posted $3.06 earnings per share. The business’s revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.0%. General Motors’s dividend payout ratio is presently 9.52%.

Insider Buying and Selling at General Motors

In other General Motors news, President Mark L. Reuss sold 136,161 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $60.12, for a total transaction of $8,185,999.32. Following the transaction, the president owned 131,036 shares in the company, valued at approximately $7,877,884.32. This represents a 50.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Rory Harvey sold 23,977 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the transaction, the executive vice president owned 8,513 shares in the company, valued at approximately $451,274.13. The trade was a 73.80% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,074,824 shares of company stock worth $122,377,213. Corporate 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.