Burney Co. Buys 12,913 Shares of General Motors Company $GM

Burney Co. grew its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 18.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,037 shares of the auto manufacturer’s stock after acquiring an additional 12,913 shares during the quarter. Burney Co.’s holdings in General Motors were worth $5,002,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sowell Financial Services LLC increased its stake in General Motors by 2.9% during the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock valued at $336,000 after purchasing an additional 195 shares in the last quarter. Mayflower Financial Advisors LLC grew its holdings in shares of General Motors by 4.1% during the second quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock valued at $254,000 after buying an additional 205 shares during the last quarter. Certuity LLC increased its position in shares of General Motors by 3.6% during the second quarter. Certuity LLC now owns 6,043 shares of the auto manufacturer’s stock valued at $297,000 after acquiring an additional 209 shares in the last quarter. Private Trust Co. NA raised its holdings in General Motors by 4.8% in the 2nd quarter. Private Trust Co. NA now owns 5,519 shares of the auto manufacturer’s stock worth $272,000 after acquiring an additional 253 shares during the last quarter. Finally, Cromwell Holdings LLC lifted its position in General Motors by 7.7% in the 2nd quarter. Cromwell Holdings LLC now owns 3,591 shares of the auto manufacturer’s stock valued at $177,000 after acquiring an additional 256 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

Shares of NYSE:GM opened at $83.04 on Friday. The firm’s 50 day moving average price is $73.39 and its 200-day moving average price is $61.42. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $77.46 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 0.75 and a beta of 1.30. General Motors Company has a twelve month low of $41.60 and a twelve month high of $83.68.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.48. The business 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 firm’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the company earned $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities research analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

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

Wall Street Analysts Forecast Growth

GM has been the subject of a number of research analyst reports. Barclays lifted their target price on General Motors from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Mizuho set a $90.00 price objective on General Motors in a research report on Tuesday, December 16th. Argus set a $78.00 target price on General Motors in a research report on Thursday, October 23rd. Weiss Ratings downgraded shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a report on Saturday, October 25th. Finally, Evercore ISI lifted their price target on shares of General Motors from $68.00 to $74.00 and gave the stock an “outperform” rating in a research note on Monday, November 24th. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and an average target price of $75.76.

Insider Activity

In other news, 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 transaction 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. The trade was a 72.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Christopher Hatto sold 7,724 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $72.00, for a total value of $556,128.00. Following the transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $864,504. This trade represents a 39.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 284,021 shares of company stock valued at $18,971,788 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

General Motors Company 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.