Belpointe Asset Management LLC Sells 21,793 Shares of General Motors Company $GM

Belpointe Asset Management LLC trimmed its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 61.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,635 shares of the auto manufacturer’s stock after selling 21,793 shares during the period. Belpointe Asset Management LLC’s holdings in General Motors were worth $641,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GM. Costello Asset Management INC bought a new position in General Motors during the first quarter valued at $32,000. WPG Advisers LLC bought a new position in General Motors during the first quarter valued at $34,000. North Capital Inc. bought a new position in General Motors during the first quarter valued at $40,000. Banque Transatlantique SA bought a new position in General Motors during the first quarter valued at $40,000. Finally, SouthState Corp grew its holdings in General Motors by 914.4% during the first quarter. SouthState Corp now owns 984 shares of the auto manufacturer’s stock valued at $46,000 after purchasing an additional 887 shares during the period. 92.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other General Motors news, CEO Mary T. Barra sold 87,839 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $58.13, for a total transaction of $5,106,081.07. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Christopher Hatto sold 14,667 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $59.00, for a total value of $865,353.00. Following the sale, the chief accounting officer owned 12,007 shares in the company, valued at $708,413. The trade was a 54.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,070,311 shares of company stock worth $62,095,433. Corporate insiders own 0.54% of the company’s stock.

General Motors Trading Down 0.3%

Shares of GM stock opened at $58.51 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. General Motors Company has a 52-week low of $41.60 and a 52-week high of $61.24. The company has a market capitalization of $55.71 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32. The business’s fifty day moving average is $55.09 and its 200 day moving average is $50.33.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The company had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter last year, the business posted $3.06 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, equities research analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, September 5th. General Motors’s dividend payout ratio (DPR) is 9.52%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Benchmark assumed coverage on General Motors in a report on Monday, July 21st. They set a “buy” rating and a $65.00 price objective for the company. CLSA raised General Motors to a “moderate buy” rating in a report on Monday, July 7th. Wedbush increased their price objective on General Motors from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, August 19th. Wells Fargo & Company increased their target price on General Motors from $34.00 to $38.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of General Motors in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

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.