Soundwatch Capital LLC Invests $63,000 in General Motors Company $GM

Soundwatch Capital LLC acquired a new stake in General Motors Company (NYSE:GM) (TSE:GMM.U) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 127,390 shares of the auto manufacturer’s stock, valued at approximately $63,000.

A number of other institutional investors have also recently made changes to their positions in GM. Trust Co. of Toledo NA OH purchased a new position in General Motors in the 2nd quarter valued at approximately $25,000. GFG Capital LLC acquired a new stake in shares of General Motors in the second quarter valued at $27,000. Costello Asset Management INC purchased a new position in General Motors in the first quarter valued at $32,000. RMG Wealth Management LLC acquired a new position in General Motors during the 2nd quarter worth $32,000. Finally, WPG Advisers LLC acquired a new position in General Motors during the 1st quarter worth $34,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In other news, President Mark L. Reuss sold 260,600 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the sale, the president owned 98,006 shares in the company, valued at approximately $6,512,498.70. This represents a 72.67% 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, EVP Rory Harvey sold 6,600 shares of the firm’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $61.95, for a total value of $408,870.00. Following the transaction, the executive vice president directly owned 8,513 shares in the company, valued at approximately $527,380.35. This represents a 43.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,298,064 shares of company stock worth $138,050,080 in the last quarter. 0.54% of the stock is currently owned by company insiders.

General Motors Stock Up 3.2%

General Motors stock opened at $70.20 on Friday. The company has a market capitalization of $65.49 billion, a P/E ratio of 14.12, a PEG ratio of 0.96 and a beta of 1.41. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $72.87. The stock has a 50-day simple moving average of $63.65 and a 200-day simple moving average of $56.29.

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

General Motors Announces Dividend

The firm 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 $0.15 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.60 annualized dividend and a yield of 0.9%. General Motors’s dividend payout ratio is 12.07%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GM shares. JPMorgan Chase & Co. lifted their price objective on General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. Benchmark reaffirmed a “buy” rating on shares of General Motors in a report on Wednesday, October 22nd. Wall Street Zen cut shares of General Motors from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Tigress Financial increased their price objective on shares of General Motors from $88.00 to $92.00 and gave the company a “strong-buy” rating in a research report on Friday, October 24th. Finally, Zacks Research raised shares of General Motors from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, General Motors has an average rating of “Moderate Buy” and a consensus 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.