Pacer Advisors Inc. Acquires 52,370 Shares of General Motors Company $GM

Pacer Advisors Inc. raised its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 65.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,674 shares of the auto manufacturer’s stock after acquiring an additional 52,370 shares during the period. Pacer Advisors Inc.’s holdings in General Motors were worth $8,089,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC grew its holdings in shares of General Motors by 456.1% during the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after purchasing an additional 31,755 shares during the last quarter. Jump Financial LLC grew its stake in shares of General Motors by 27.4% during the first quarter. Jump Financial LLC now owns 17,415 shares of the auto manufacturer’s stock worth $819,000 after buying an additional 3,743 shares during the last quarter. State of Wyoming bought a new stake in shares of General Motors during the first quarter worth $184,000. WPG Advisers LLC acquired a new position in shares of General Motors during the first quarter worth $34,000. Finally, Vident Advisory LLC lifted its stake in shares of General Motors by 38.7% in the 1st quarter. Vident Advisory LLC now owns 22,172 shares of the auto manufacturer’s stock valued at $1,043,000 after acquiring an additional 6,190 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of GM stock opened at $83.04 on Monday. The stock has a market capitalization of $77.46 billion, a PE ratio of 16.71, a PEG ratio of 0.75 and a beta of 1.30. The business’s 50 day simple moving average is $73.39 and its 200 day simple moving average is $61.50. 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 one year low of $41.60 and a one year high of $83.68.

General Motors (NYSE:GM) (TSE:GMM.U) last released 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 last year, the business earned $2.96 EPS. The company’s 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, research analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

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

Insider Transactions at General Motors

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 value of $17,316,870.00. Following the completion of the transaction, the president directly owned 98,006 shares of the company’s stock, valued at approximately $6,512,498.70. This trade represents a 72.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Christopher Hatto sold 7,724 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $72.00, for a total value of $556,128.00. Following the sale, the chief accounting officer owned 12,007 shares in the company, valued at approximately $864,504. The trade was a 39.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 284,021 shares of company stock valued at $18,971,788. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GM. Morgan Stanley raised General Motors from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $54.00 to $90.00 in a report on Monday, December 8th. Wells Fargo & Company lifted their price target on General Motors from $46.00 to $48.00 and gave the company an “underweight” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada upped their price objective on General Motors from $77.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Citigroup lifted their target price on shares of General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Evercore ISI boosted their target price on shares of General Motors from $68.00 to $74.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. Three 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 given a Sell rating to the stock. According to MarketBeat, General Motors has a consensus rating of “Moderate Buy” and an average price target of $75.76.

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.