Edgestream Partners L.P. Makes New $1.25 Million Investment in General Motors Company $GM

Edgestream Partners L.P. bought a new position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,374 shares of the auto manufacturer’s stock, valued at approximately $1,249,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Shelton Capital Management increased its stake in shares of General Motors by 87.8% in the second quarter. Shelton Capital Management now owns 155,136 shares of the auto manufacturer’s stock worth $7,634,000 after purchasing an additional 72,519 shares during the period. Panagora Asset Management Inc. grew its holdings in General Motors by 11.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 809,146 shares of the auto manufacturer’s stock valued at $39,818,000 after buying an additional 82,210 shares during the last quarter. Lido Advisors LLC increased its position in General Motors by 31.0% in the 2nd quarter. Lido Advisors LLC now owns 49,028 shares of the auto manufacturer’s stock worth $2,413,000 after buying an additional 11,612 shares during the period. West Family Investments Inc. acquired a new position in shares of General Motors during the second quarter worth approximately $223,000. Finally, Norges Bank bought a new stake in shares of General Motors in the second quarter valued at approximately $444,319,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Transactions at General Motors

In related news, CEO Mary T. Barra sold 753,720 shares of the stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the completion of the transaction, the chief executive officer directly owned 433,527 shares in the company, valued at approximately $25,989,943.65. This trade represents a 63.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rory Harvey sold 6,600 shares of the firm’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $61.95, for a total transaction of $408,870.00. Following the completion of the transaction, the executive vice president directly owned 8,513 shares of the company’s stock, valued at approximately $527,380.35. This trade represents a 43.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,288,534 shares of company stock valued at $79,253,568. 0.54% of the stock is currently owned by company insiders.

General Motors Stock Up 1.0%

Shares of GM opened at $76.06 on Friday. The business’s fifty day moving average price is $66.48 and its two-hundred day moving average price is $57.94. The firm has a market capitalization of $70.95 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 0.86 and a beta of 1.30. General Motors Company has a 52 week low of $41.60 and a 52 week high of $77.00. 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 issued 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. The company had revenue of $48.59 billion during the quarter, compared to analysts’ expectations of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, analysts predict 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 issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, December 5th. General Motors’s dividend payout ratio is 12.07%.

Wall Street Analysts Forecast Growth

GM has been the subject of a number of research analyst reports. Argus set a $78.00 price objective on shares of General Motors in a research report on Thursday, October 23rd. TD Cowen upped their price target on General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of General Motors in a research report on Tuesday, October 21st. Cowen restated a “buy” rating on shares of General Motors in a research report on Tuesday, October 21st. Finally, Wall Street Zen cut General Motors from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Three research 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 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.