National Pension Service Reduces Stock Holdings in General Motors Company $GM

National Pension Service lowered its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 36.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,039,937 shares of the auto manufacturer’s stock after selling 1,175,931 shares during the quarter. National Pension Service owned about 0.21% of General Motors worth $100,385,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH purchased a new stake in shares of General Motors in the second quarter worth approximately $25,000. GFG Capital LLC bought a new position in General Motors in the 2nd quarter valued at $27,000. RMG Wealth Management LLC purchased a new stake in shares of General Motors during the second quarter valued at $32,000. Costello Asset Management INC bought a new position in shares of General Motors in the first quarter worth about $32,000. Finally, WPG Advisers LLC bought a new stake in General Motors during the 1st quarter valued at about $34,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 23,400 shares of the firm’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $61.01, for a total value of $1,427,634.00. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at $732,547.07. This trade represents a 66.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Mark L. Reuss sold 260,600 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the sale, the president owned 98,006 shares of the company’s stock, valued at approximately $6,512,498.70. The trade was a 72.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 2,290,340 shares of company stock valued at $137,493,952. Insiders own 0.54% of the company’s stock.

General Motors Price Performance

Shares of GM opened at $71.86 on Thursday. General Motors Company has a 1-year low of $41.60 and a 1-year high of $72.39. The company’s fifty day moving average price is $62.09 and its 200-day moving average price is $55.14. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. The firm has a market capitalization of $67.04 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41.

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 for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The firm had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. During the same quarter in the prior year, the business earned $2.96 earnings per share. The business’s quarterly revenue was down .3% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, equities research analysts predict that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, December 5th. General Motors’s dividend payout ratio is 12.07%.

Analysts Set New Price Targets

GM has been the subject of several research analyst reports. Wells Fargo & Company lifted their price target on shares of General Motors from $40.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada upped their target price on General Motors from $77.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Wedbush set a $75.00 price target on General Motors and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Weiss Ratings lowered shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research note on Saturday, October 25th. Finally, Wall Street Zen lowered shares of General Motors from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Three 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.00.

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.