First Trust Advisors LP Has $29.34 Million Stock Holdings in General Motors Company $GM

First Trust Advisors LP grew its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 3.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 596,258 shares of the auto manufacturer’s stock after buying an additional 18,825 shares during the period. First Trust Advisors LP’s holdings in General Motors were worth $29,342,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in General Motors by 123.7% in the second quarter. EverSource Wealth Advisors LLC now owns 15,432 shares of the auto manufacturer’s stock valued at $759,000 after buying an additional 8,534 shares during the period. Plan Group Financial LLC increased its position in shares of General Motors by 25.2% during the second quarter. Plan Group Financial LLC now owns 15,643 shares of the auto manufacturer’s stock worth $770,000 after acquiring an additional 3,151 shares in the last quarter. CW Advisors LLC raised its holdings in shares of General Motors by 11.0% during the second quarter. CW Advisors LLC now owns 9,436 shares of the auto manufacturer’s stock worth $464,000 after acquiring an additional 938 shares during the period. JT Stratford LLC lifted its position in General Motors by 6.3% in the 2nd quarter. JT Stratford LLC now owns 4,847 shares of the auto manufacturer’s stock valued at $239,000 after acquiring an additional 287 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in General Motors in the 2nd quarter worth $38,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Activity

In related news, EVP Rory Harvey sold 6,600 shares of General Motors stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.95, for a total value of $408,870.00. Following the transaction, the executive vice president directly owned 8,513 shares of the company’s stock, valued at $527,380.35. This trade represents a 43.67% 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 7,724 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was 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 of the company’s stock, valued at $864,504. The trade was a 39.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,288,534 shares of company stock worth $79,253,568. Insiders own 0.54% of the company’s stock.

General Motors Trading Up 4.8%

Shares of General Motors stock opened at $80.84 on Thursday. 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 business has a fifty day simple moving average of $67.49 and a two-hundred day simple moving average of $58.60. General Motors Company has a 1 year low of $41.60 and a 1 year high of $80.95. The company has a market capitalization of $75.41 billion, a price-to-earnings ratio of 16.26, a P/E/G ratio of 0.88 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 for the quarter, beating the consensus estimate of $2.32 by $0.48. The company had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The company’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Research analysts forecast that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, December 5th will be given a $0.15 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. General Motors’s payout ratio is presently 12.07%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, October 6th. Morgan Stanley raised shares of General Motors from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $54.00 to $90.00 in a research note on Monday. Citigroup boosted their price objective 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. Wells Fargo & Company raised their target price on shares of General Motors from $46.00 to $48.00 and gave the company an “underweight” rating in a research report on Tuesday. Finally, Royal Bank Of Canada boosted their price target 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. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $73.57.

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.