8,103 Shares in General Motors Company $GM Bought by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC purchased a new position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,103 shares of the auto manufacturer’s stock, valued at approximately $494,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Trust Co. of Toledo NA OH acquired a new position in General Motors during the second quarter worth approximately $25,000. GFG Capital LLC bought a new position in shares of General Motors during the 2nd quarter worth approximately $27,000. RMG Wealth Management LLC acquired a new position in shares of General Motors during the 2nd quarter worth approximately $32,000. Armstrong Advisory Group Inc. increased its holdings in shares of General Motors by 94.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock worth $33,000 after acquiring an additional 265 shares during the last quarter. Finally, WPG Advisers LLC bought a new stake in General Motors in the 1st quarter valued at $34,000. Institutional investors own 92.67% of the company’s stock.

General Motors Trading Up 0.2%

Shares of NYSE:GM opened at $83.04 on Friday. The business’s 50 day simple moving average is $73.39 and its 200 day simple moving average is $61.33. General Motors Company has a 1 year low of $41.60 and a 1 year high of $83.68. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. The company has a market capitalization of $77.46 billion, a P/E ratio of 16.71, a P/E/G ratio of 0.75 and a beta of 1.30.

General Motors (NYSE:GM) (TSE:GMM.U) last released its 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 firm had revenue of $48.59 billion during 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 was down .3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, research analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, December 5th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, December 5th. General Motors’s dividend payout ratio is presently 12.07%.

Insider Activity

In related news, President Mark L. Reuss sold 260,600 shares of General Motors stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total value of $17,316,870.00. Following the transaction, the president directly owned 98,006 shares of the company’s stock, valued at $6,512,498.70. This trade represents a 72.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Christopher Hatto sold 15,697 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,098,790.00. Following the transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $840,490. This represents a 56.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 284,021 shares of company stock worth $18,971,788. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on GM. Mizuho set a $90.00 price objective on shares of General Motors in a report on Tuesday, December 16th. Piper Sandler set a $66.00 price target on shares of General Motors and gave the company a “neutral” rating in a report on Tuesday, October 21st. Royal Bank Of Canada boosted their price objective on General Motors from $77.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. UBS Group increased their target price on General Motors from $85.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Finally, Evercore ISI lifted their price target on General Motors from $68.00 to $74.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. Three research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, General Motors currently has an average rating of “Moderate Buy” and an average target price of $75.76.

General Motors Profile

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.