AlphaCore Capital LLC Takes Position in General Motors Company $GM

AlphaCore Capital LLC purchased a new stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,153 shares of the auto manufacturer’s stock, valued at approximately $204,000.

Several other hedge funds have also added to or reduced their stakes in GM. Brighton Jones LLC boosted its stake in shares of General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after purchasing an additional 31,755 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of General Motors by 3.4% during the first quarter. Avantax Advisory Services Inc. now owns 71,131 shares of the auto manufacturer’s stock worth $3,345,000 after buying an additional 2,326 shares during the last quarter. HB Wealth Management LLC lifted its holdings in General Motors by 62.7% in the first quarter. HB Wealth Management LLC now owns 38,111 shares of the auto manufacturer’s stock valued at $1,792,000 after buying an additional 14,692 shares during the period. TD Asset Management Inc boosted its stake in General Motors by 7.5% in the first quarter. TD Asset Management Inc now owns 523,780 shares of the auto manufacturer’s stock valued at $24,633,000 after acquiring an additional 36,354 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in General Motors by 5.8% during the 1st quarter. LPL Financial LLC now owns 677,413 shares of the auto manufacturer’s stock worth $31,859,000 after acquiring an additional 36,922 shares during the period. Institutional investors own 92.67% of the company’s stock.

Insider Activity at General Motors

In other General Motors news, CEO Mary T. Barra sold 907,024 shares of General Motors stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $58.24, for a total value of $52,825,077.76. Following the sale, the chief executive officer directly owned 552,238 shares in the company, valued at approximately $32,162,341.12. The trade was a 62.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Christopher Hatto sold 23,400 shares of the business’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $61.01, for a total transaction of $1,427,634.00. Following the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at $732,547.07. This trade represents a 66.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 2,283,397 shares of company stock valued at $137,184,727. Corporate insiders own 0.54% of the company’s stock.

General Motors Stock Up 2.4%

NYSE:GM opened at $72.68 on Wednesday. The stock has a 50-day simple moving average of $64.17 and a 200 day simple moving average of $56.71. General Motors Company has a 52-week low of $41.60 and a 52-week high of $73.11. The company has a market cap of $67.80 billion, a PE ratio of 14.62, 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 (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. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The firm had revenue of $48.59 billion for the quarter, compared to analysts’ expectations of $44.60 billion. During the same quarter in the previous year, the business posted $2.96 EPS. The business’s quarterly revenue 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, sell-side analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently weighed in on GM. Weiss Ratings downgraded General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research note on Saturday, October 25th. Evercore ISI lifted their price objective on General Motors from $68.00 to $74.00 and gave the stock an “outperform” rating in a research note on Monday. Cowen reissued a “buy” rating on shares of General Motors in a research note on Tuesday, October 21st. Wells Fargo & Company raised their target price on General Motors from $40.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, October 22nd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of General Motors in a research report on Tuesday, October 21st. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.27.

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.