Fisher Asset Management LLC Decreases Holdings in General Motors Company $GM

Fisher Asset Management LLC trimmed its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 23.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,806 shares of the auto manufacturer’s stock after selling 39,205 shares during the period. Fisher Asset Management LLC’s holdings in General Motors were worth $6,191,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH bought a new stake in General Motors in the second quarter worth about $25,000. GFG Capital LLC bought a new stake in shares of General Motors in the 2nd quarter worth approximately $27,000. Costello Asset Management INC purchased a new position in General Motors in the first quarter valued at approximately $32,000. RMG Wealth Management LLC bought a new position in General Motors during the second quarter valued at $32,000. Finally, WPG Advisers LLC purchased a new stake in General Motors in the first quarter worth $34,000. Institutional investors own 92.67% of the company’s stock.

Analyst Ratings Changes

GM has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on General Motors from $40.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, October 22nd. Evercore ISI boosted their price objective on General Motors from $68.00 to $74.00 and gave the company an “outperform” rating in a research note on Monday, November 24th. Wedbush set a $75.00 target price on shares of General Motors and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. The Goldman Sachs Group reissued a “buy” rating on shares of General Motors in a research report on Tuesday, October 21st. Finally, Cowen restated a “buy” rating on shares of General Motors in a research note on Tuesday, October 21st. Three investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, General Motors presently has an average rating of “Moderate Buy” and an average price target of $70.27.

Insider Buying and Selling at General Motors

In other news, CEO Mary T. Barra sold 753,720 shares of the company’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total value 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 approximately $25,989,943.65. This represents a 63.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Mark L. Reuss sold 260,600 shares of General Motors stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total value of $17,316,870.00. Following the completion of the transaction, the president owned 98,006 shares in the company, valued at approximately $6,512,498.70. This represents a 72.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,288,534 shares of company stock valued at $79,253,568. Insiders own 0.54% of the company’s stock.

General Motors Stock Performance

NYSE GM opened at $75.26 on Friday. General Motors Company has a 52-week low of $41.60 and a 52-week high of $76.23. The company has a fifty day moving average of $66.19 and a 200-day moving average of $57.76. The company has a market capitalization of $70.21 billion, a P/E ratio of 15.14, a P/E/G ratio of 0.85 and a beta of 1.30. 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 quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share 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 the consensus estimate of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the business posted $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, equities research analysts predict that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

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

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.