General Motors Company $GM Shares Sold by Blueshift Asset Management LLC

Blueshift Asset Management LLC trimmed its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 17.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,886 shares of the auto manufacturer’s stock after selling 7,814 shares during the period. General Motors makes up about 0.6% of Blueshift Asset Management LLC’s portfolio, making the stock its 26th largest holding. Blueshift Asset Management LLC’s holdings in General Motors were worth $1,864,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GM. Trust Co. of Toledo NA OH acquired a new position in shares of General Motors in the 2nd quarter worth $25,000. GFG Capital LLC acquired a new position in shares of General Motors in the 2nd quarter valued at $27,000. Costello Asset Management INC purchased a new position in General Motors in the 1st quarter worth about $32,000. RMG Wealth Management LLC purchased a new position in General Motors in the 2nd quarter worth about $32,000. Finally, WPG Advisers LLC purchased a new stake in General Motors during the first quarter valued at about $34,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other General Motors news, CEO Mary T. Barra sold 753,720 shares of General Motors stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total value of $45,185,514.00. Following the transaction, the chief executive officer directly owned 433,527 shares of the company’s stock, valued at $25,989,943.65. The trade was a 63.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Rory Harvey sold 6,600 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 8,513 shares of the company’s stock, valued at $527,380.35. This represents a 43.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,288,534 shares of company stock worth $79,253,568. Corporate insiders own 0.54% of the company’s stock.

General Motors Trading Down 0.7%

NYSE:GM opened at $72.97 on Tuesday. The company’s 50 day moving average is $65.30 and its 200-day moving average is $57.35. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. General Motors Company has a 12 month low of $41.60 and a 12 month high of $73.93. The firm has a market cap of $68.07 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 0.96 and a beta of 1.41.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.48. The business had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. General Motors’s revenue was down .3% compared to the same quarter last year. During the same period last year, the business posted $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities analysts anticipate that General Motors Company will post 11.44 EPS for the current 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 paid 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%.

Analysts Set New Price Targets

Several research firms have weighed in on GM. Royal Bank Of Canada lifted their price objective on shares of General Motors from $77.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Wall Street Zen downgraded General Motors from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Wells Fargo & Company increased their price objective on General Motors from $40.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 22nd. Benchmark restated a “buy” rating on shares of General Motors in a research report on Wednesday, October 22nd. Finally, Evercore ISI upped 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. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.27.

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.