WealthTrust Axiom LLC Reduces Position in General Motors Company $GM

WealthTrust Axiom LLC reduced its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 46.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,742 shares of the auto manufacturer’s stock after selling 4,050 shares during the quarter. WealthTrust Axiom LLC’s holdings in General Motors were worth $233,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GM. Brighton Jones LLC boosted its stake in shares of General Motors by 456.1% during the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock worth $2,062,000 after purchasing an additional 31,755 shares during the last quarter. LPL Financial LLC lifted its stake in shares of General Motors by 5.8% during the first quarter. LPL Financial LLC now owns 677,413 shares of the auto manufacturer’s stock valued at $31,859,000 after buying an additional 36,922 shares during the period. XTX Topco Ltd acquired a new stake in General Motors during the first quarter worth approximately $1,022,000. Vestcor Inc grew its stake in General Motors by 32.7% in the 1st quarter. Vestcor Inc now owns 29,454 shares of the auto manufacturer’s stock worth $1,385,000 after acquiring an additional 7,265 shares during the period. Finally, Arkadios Wealth Advisors raised its holdings in General Motors by 44.9% in the 1st quarter. Arkadios Wealth Advisors now owns 21,598 shares of the auto manufacturer’s stock valued at $1,016,000 after acquiring an additional 6,691 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GM shares. Barclays lifted their price objective on General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Wells Fargo & Company raised their price target on General Motors from $40.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. upped their price objective on shares of General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. Piper Sandler set a $66.00 price objective on shares of General Motors and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Finally, Weiss Ratings downgraded shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a report on Saturday, October 25th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, General Motors presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.27.

General Motors Price Performance

GM opened at $73.64 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. General Motors Company has a twelve month low of $41.60 and a twelve month high of $73.86. The company has a fifty day simple moving average of $65.02 and a 200 day simple moving average of $57.10. The firm has a market cap of $68.69 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 0.96 and a beta of 1.41.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating the consensus estimate of $2.32 by $0.48. The company 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 was down .3% on a year-over-year basis. During the same period in the prior 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 EPS for the current fiscal year.

General Motors Dividend Announcement

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

Insider Activity at General Motors

In other news, EVP Rory Harvey sold 6,600 shares of the stock in a transaction dated Friday, September 26th. The shares were 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 trade represents a 43.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 completion of the transaction, the president owned 98,006 shares in the company, valued at approximately $6,512,498.70. The trade was a 72.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,288,534 shares of company stock worth $79,253,568. Company insiders own 0.54% of the company’s stock.

General Motors Company 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.