General Motors Company $GM Stock Position Decreased by Ring Mountain Capital LLC

Ring Mountain Capital LLC cut its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 12.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,685 shares of the auto manufacturer’s stock after selling 2,963 shares during the quarter. General Motors accounts for 0.7% of Ring Mountain Capital LLC’s portfolio, making the stock its 27th largest holding. Ring Mountain Capital LLC’s holdings in General Motors were worth $1,154,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of GM. Trust Co. of Toledo NA OH acquired a new stake in shares of General Motors in the second quarter worth $25,000. GFG Capital LLC acquired a new stake in shares of General Motors in the second quarter worth $27,000. RMG Wealth Management LLC acquired a new stake in shares of General Motors in the second quarter worth $32,000. Costello Asset Management INC acquired a new stake in shares of General Motors in the first quarter worth $32,000. Finally, WPG Advisers LLC acquired a new stake in shares of General Motors in the first quarter worth $34,000. 92.67% of the stock is owned by institutional investors.

General Motors Price Performance

GM opened at $66.80 on Wednesday. The stock has a market cap of $62.32 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 0.96 and a beta of 1.33. General Motors Company has a 1 year low of $41.60 and a 1 year high of $70.24. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. The stock has a fifty day moving average price of $60.66 and a 200 day moving average price of $54.17.

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

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, December 5th. General Motors’s dividend payout ratio is 12.07%.

Analyst Ratings Changes

Several brokerages have recently commented on GM. TD Cowen raised their target price on General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Barclays raised their target price on General Motors from $77.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Argus set a $78.00 target price on General Motors in a research report on Thursday, October 23rd. Zacks Research raised General Motors from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Finally, Weiss Ratings cut General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research report on Saturday, October 25th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $70.00.

Insider Buying and Selling

In other news, EVP Rory Harvey sold 6,600 shares of the stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $61.95, for a total transaction of $408,870.00. Following the transaction, the executive vice president owned 8,513 shares of the company’s stock, valued at approximately $527,380.35. This represents a 43.67% decrease in their position. The sale 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 stock in a transaction dated 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 transaction, the chief executive officer directly owned 433,527 shares in the company, valued at approximately $25,989,943.65. This represents a 63.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 2,327,144 shares of company stock worth $139,521,852. 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.