Fragasso Financial Advisors Inc Sells 15,557 Shares of General Motors Company $GM

Fragasso Financial Advisors Inc lessened its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 49.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 15,919 shares of the auto manufacturer’s stock after selling 15,557 shares during the period. Fragasso Financial Advisors Inc’s holdings in General Motors were worth $957,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GM. Trust Co. of Toledo NA OH bought a new position in shares of General Motors during the 2nd quarter valued at approximately $25,000. GFG Capital LLC purchased a new position in General Motors during the second quarter valued at approximately $27,000. RMG Wealth Management LLC bought a new position in shares of General Motors in the second quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of General Motors in the second quarter worth $38,000. Finally, WPG Advisers LLC bought a new stake in shares of General Motors during the 1st quarter valued at $34,000. Institutional investors own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Argus set a $78.00 target price on shares of General Motors in a report on Thursday, October 23rd. Citigroup upped their price objective on General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Barclays lifted their target price on General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group upped their price target on General Motors from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Finally, TD Cowen lifted their price objective on shares of General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $74.81.

General Motors Stock Performance

NYSE GM opened at $81.78 on Wednesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. General Motors Company has a 1-year low of $41.60 and a 1-year high of $83.04. The business has a 50 day simple moving average of $69.30 and a two-hundred day simple moving average of $59.58. The stock has a market capitalization of $76.29 billion, a PE ratio of 16.45, a P/E/G ratio of 0.75 and a beta of 1.30.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data 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 return on equity of 12.29% and a net margin of 1.62%.The business had revenue of $48.59 billion for the quarter, compared to analysts’ expectations of $44.60 billion. During the same period in the prior year, the firm earned $2.96 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, research analysts predict that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, December 5th will be given 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 0.7%. General Motors’s dividend payout ratio (DPR) is 12.07%.

Insider Buying and Selling at General Motors

In related news, EVP Rory Harvey sold 6,600 shares of General Motors stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $61.95, for a total value of $408,870.00. Following the completion of the transaction, the executive vice president owned 8,513 shares in the company, valued at approximately $527,380.35. This trade represents a 43.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mary T. Barra sold 753,720 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,254,589 shares of company stock valued at $77,219,450. Corporate insiders own 0.54% of the company’s stock.

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.