General Motors Company $GM Shares Sold by Brookstone Capital Management

Brookstone Capital Management cut its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 25.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,309 shares of the auto manufacturer’s stock after selling 2,150 shares during the period. Brookstone Capital Management’s holdings in General Motors were worth $310,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Sowell Financial Services LLC increased its holdings in shares of General Motors by 2.9% during the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after buying an additional 195 shares during the last quarter. ICONIQ Capital LLC increased its holdings in shares of General Motors by 4.2% during the 1st quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock worth $256,000 after buying an additional 220 shares during the last quarter. Hohimer Wealth Management LLC boosted its position in General Motors by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer’s stock worth $3,310,000 after purchasing an additional 230 shares during the period. HHM Wealth Advisors LLC boosted its position in General Motors by 14.4% during the 1st quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer’s stock worth $86,000 after purchasing an additional 232 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its position in General Motors by 3.6% during the 1st quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer’s stock worth $316,000 after purchasing an additional 235 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Price Performance

Shares of GM opened at $69.88 on Wednesday. General Motors Company has a 12 month low of $41.60 and a 12 month high of $70.19. 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 stock has a fifty day moving average price of $59.60 and a 200 day moving average price of $53.26. The company has a market cap of $65.19 billion, a P/E ratio of 14.06, a PEG ratio of 0.96 and a beta of 1.33.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.48. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The company had revenue of $48.59 billion during the quarter, compared to the consensus estimate of $44.60 billion. During the same quarter in the previous year, the company posted $2.96 earnings per share. The company’s revenue for the quarter 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, research analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders 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

A number of analysts recently weighed in on GM shares. Bank of America decreased their price target on shares of General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Cowen reaffirmed a “buy” rating on shares of General Motors in a research report on Tuesday, October 21st. Jefferies Financial Group upped their price target on shares of General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, October 6th. Wall Street Zen raised shares of General Motors from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Citigroup upped their price target on shares of General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.00.

Insider Activity

In other General Motors news, President Mark L. Reuss sold 260,600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total value of $17,316,870.00. Following the sale, the president owned 98,006 shares in the company, valued at approximately $6,512,498.70. This trade represents a 72.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Christopher Hatto sold 23,400 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.01, for a total transaction of $1,427,634.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares in the company, valued at $732,547.07. The trade was a 66.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,335,424 shares of company stock worth $139,694,083 over the last ninety days. 0.54% of the stock is owned by company insiders.

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.