General Motors Company $GM Stake Raised by May Hill Capital LLC

May Hill Capital LLC boosted its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 7.8% in the second quarter, HoldingsChannel reports. The fund owned 10,399 shares of the auto manufacturer’s stock after buying an additional 753 shares during the quarter. May Hill Capital LLC’s holdings in General Motors were worth $512,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in GM. Sowell Financial Services LLC boosted its holdings in shares of General Motors by 2.9% during the second quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after purchasing an additional 195 shares during the period. ICONIQ Capital LLC boosted its stake in shares of General Motors by 4.2% during the 1st quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock valued at $256,000 after buying an additional 220 shares during the period. Hohimer Wealth Management LLC grew its holdings in shares of General Motors by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer’s stock valued at $3,310,000 after acquiring an additional 230 shares in the last quarter. HHM Wealth Advisors LLC raised its holdings in shares of General Motors by 14.4% during the first 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 in the last quarter. Finally, Aaron Wealth Advisors LLC raised its holdings in shares of General Motors by 3.6% during the first quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer’s stock worth $316,000 after acquiring an additional 235 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Trading Down 0.4%

Shares of GM opened at $69.36 on Tuesday. General Motors Company has a 12-month low of $41.60 and a 12-month high of $69.70. The firm has a market capitalization of $64.70 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 0.96 and a beta of 1.33. The stock’s 50-day moving average price is $59.34 and its 200 day moving average price is $53.08. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. The business had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.General Motors’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the company earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, research analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, December 5th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, December 5th. General Motors’s dividend payout ratio (DPR) is presently 12.07%.

Wall Street Analyst Weigh In

GM has been the topic of a number of recent research reports. The Goldman Sachs Group restated a “buy” rating on shares of General Motors in a research note on Tuesday, October 21st. Citigroup boosted their target price on General Motors from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Mizuho set a $76.00 target price on General Motors in a research note on Wednesday, October 22nd. Wells Fargo & Company boosted their target price on General Motors from $40.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada boosted their target price on General Motors from $77.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $70.00.

Insider Transactions at General Motors

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total value 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 trade represents a 75.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Mark L. Reuss sold 260,600 shares of the stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total value of $17,316,870.00. Following the completion of the transaction, the president owned 98,006 shares in the company, valued at $6,512,498.70. The trade was a 72.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,335,424 shares of company stock valued at $139,694,083 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

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.