General Motors Company $GM Stock Position Increased by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 596,258 shares of the auto manufacturer’s stock after purchasing an additional 18,825 shares during the period. First Trust Advisors LP owned approximately 0.06% of General Motors worth $29,342,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GM. Vanguard Group Inc. lifted its holdings in shares of General Motors by 11.5% in the second quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock valued at $5,450,485,000 after purchasing an additional 11,418,367 shares in the last quarter. Norges Bank acquired a new position in General Motors during the second quarter worth $444,319,000. AQR Capital Management LLC raised its stake in shares of General Motors by 146.8% in the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock valued at $629,196,000 after acquiring an additional 8,012,743 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of General Motors during the 2nd quarter worth $125,583,000. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in General Motors by 17.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer’s stock valued at $603,048,000 after buying an additional 1,910,186 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GM shares. Royal Bank Of Canada boosted their target price 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. Benchmark restated a “buy” rating on shares of General Motors in a research note on Wednesday, October 22nd. Cowen reaffirmed a “buy” rating on shares of General Motors in a report on Tuesday, October 21st. Wells Fargo & Company increased their price objective on General Motors from $46.00 to $48.00 and gave the company an “underweight” rating in a research report on Tuesday. Finally, Piper Sandler set a $66.00 price objective on shares of General Motors and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.57.

Insider Buying and Selling

In other General Motors news, CEO Mary T. Barra sold 753,720 shares of the company’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the sale, the chief executive officer directly owned 433,527 shares of the company’s stock, valued at approximately $25,989,943.65. This represents a 63.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Christopher Hatto sold 23,400 shares of General Motors 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 transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at $732,547.07. This trade represents a 66.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,288,534 shares of company stock valued at $79,253,568 in the last ninety days. Insiders own 0.54% of the company’s stock.

General Motors Price Performance

NYSE:GM opened at $80.84 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. The company has a 50-day moving average of $67.49 and a 200-day moving average of $58.60. General Motors Company has a 52 week low of $41.60 and a 52 week high of $80.95. The company has a market capitalization of $75.41 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 0.88 and a beta of 1.30.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $48.59 billion during the quarter, compared to analyst estimates of $44.60 billion. During the same quarter in the prior year, the business posted $2.96 earnings per share. The company’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. As a group, equities research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed 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. This represents a $0.60 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, December 5th. General Motors’s dividend payout ratio is currently 12.07%.

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.