General Motors Company $GM is Wilsey Asset Management Inc.’s 4th Largest Position

Wilsey Asset Management Inc. trimmed its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 634,791 shares of the auto manufacturer’s stock after selling 14,719 shares during the quarter. General Motors accounts for approximately 7.1% of Wilsey Asset Management Inc.’s portfolio, making the stock its 4th biggest position. Wilsey Asset Management Inc.’s holdings in General Motors were worth $38,703,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Armstrong Advisory Group Inc. increased its position in shares of General Motors by 94.6% during the third quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock valued at $33,000 after acquiring an additional 265 shares during the last quarter. Wedmont Private Capital boosted its position in shares of General Motors by 9.6% during the 3rd quarter. Wedmont Private Capital now owns 12,011 shares of the auto manufacturer’s stock worth $688,000 after purchasing an additional 1,050 shares during the period. Czech National Bank increased its holdings in General Motors by 2.9% in the 3rd quarter. Czech National Bank now owns 241,808 shares of the auto manufacturer’s stock valued at $14,743,000 after purchasing an additional 6,800 shares during the last quarter. Accel Wealth Management raised its position in General Motors by 9.1% in the third quarter. Accel Wealth Management now owns 4,897 shares of the auto manufacturer’s stock valued at $299,000 after purchasing an additional 407 shares during the period. Finally, Ervin Investment Management LLC raised its position in General Motors by 3.0% in the third quarter. Ervin Investment Management LLC now owns 80,536 shares of the auto manufacturer’s stock valued at $4,910,000 after purchasing an additional 2,330 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

GM has been the subject of a number of research reports. Jefferies Financial Group lifted their price objective on General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, October 6th. Evercore ISI raised their target price on General Motors from $68.00 to $74.00 and gave the company an “outperform” rating in a report on Monday, November 24th. JPMorgan Chase & Co. lifted their target price on General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Benchmark reissued a “buy” rating on shares of General Motors in a research report on Wednesday, October 22nd. Finally, Barclays raised their price objective on shares of General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.76.

Insider Transactions at General Motors

In related news, EVP Rory Harvey sold 6,600 shares of General Motors stock in a transaction on Friday, September 26th. The shares were 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 $527,380.35. This trade represents a 43.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mary T. Barra sold 753,720 shares of the firm’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the completion of the sale, the chief executive officer owned 433,527 shares of the company’s stock, valued at $25,989,943.65. This trade represents a 63.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,254,589 shares of company stock worth $77,219,450 over the last three months. 0.54% of the stock is currently owned by company insiders.

General Motors Stock Performance

NYSE:GM opened at $81.18 on Friday. General Motors Company has a 12 month low of $41.60 and a 12 month high of $83.04. 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 $75.73 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 0.73 and a beta of 1.30. The business’s fifty day moving average price is $70.29 and its 200 day moving average price is $59.88.

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, topping the consensus estimate of $2.32 by $0.48. The business 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 quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, sell-side analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Friday, December 5th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, December 5th. General Motors’s dividend payout ratio (DPR) is 12.07%.

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.