General Motors Company $GM Shares Sold by Kiker Wealth Management LLC

Kiker Wealth Management LLC cut its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,880 shares of the auto manufacturer’s stock after selling 984 shares during the period. General Motors makes up 1.0% of Kiker Wealth Management LLC’s investment portfolio, making the stock its 18th largest position. Kiker Wealth Management LLC’s holdings in General Motors were worth $1,766,000 as of its most recent filing with the SEC.

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

General Motors Trading Up 0.5%

GM opened at $55.63 on Tuesday. The firm has a market capitalization of $52.96 billion, a P/E ratio of 8.83, a P/E/G ratio of 1.17 and a beta of 1.33. The firm’s 50 day moving average is $57.67 and its 200-day moving average is $51.85. General Motors Company has a 52-week low of $41.60 and a 52-week high of $62.14. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42.

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

General Motors Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of General Motors from $38.00 to $40.00 and gave the company an “underweight” rating in a research report on Friday, October 3rd. Jefferies Financial Group lifted their price target on shares of General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, October 6th. Barclays lifted their price target on shares of General Motors from $73.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday. Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a research report on Friday, July 11th. Finally, Wedbush lifted their price target on shares of General Motors from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, General Motors has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

Insider Activity

In related news, President Mark L. Reuss sold 136,161 shares of General Motors stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $60.12, for a total value of $8,185,999.32. Following the completion of the sale, the president owned 131,036 shares in the company, valued at approximately $7,877,884.32. The trade was a 50.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mary T. Barra sold 753,720 shares of General Motors stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the completion of the sale, the chief executive officer owned 433,527 shares of the company’s stock, valued at approximately $25,989,943.65. This trade represents a 63.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,074,824 shares of company stock worth $122,377,213. Company insiders own 0.54% of the company’s stock.

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.