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

Burney Co. boosted its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 18.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 82,037 shares of the auto manufacturer’s stock after purchasing an additional 12,913 shares during the quarter. Burney Co.’s holdings in General Motors were worth $5,002,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GM. Burns Matteson Capital Management LLC purchased a new stake in shares of General Motors during the third quarter worth about $494,000. HBK Sorce Advisory LLC bought a new position in General Motors in the 3rd quarter worth approximately $250,000. Blue Trust Inc. grew its holdings in General Motors by 9.0% during the 3rd quarter. Blue Trust Inc. now owns 3,284 shares of the auto manufacturer’s stock valued at $200,000 after buying an additional 272 shares in the last quarter. CWM LLC raised its position in shares of General Motors by 50.8% during the third quarter. CWM LLC now owns 340,858 shares of the auto manufacturer’s stock valued at $20,782,000 after buying an additional 114,756 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of General Motors by 65.2% in the third quarter. Pacer Advisors Inc. now owns 132,674 shares of the auto manufacturer’s stock worth $8,089,000 after buying an additional 52,370 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

Insiders Place Their Bets

In other news, President Mark L. Reuss sold 260,600 shares of General Motors stock in a transaction on 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 completion of the sale, the president directly owned 98,006 shares in the company, valued at approximately $6,512,498.70. This trade represents a 72.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Christopher Hatto sold 7,724 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total transaction of $556,128.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, 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 equities analysts recently weighed in on GM shares. Weiss Ratings cut shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research note on Saturday, October 25th. Argus set a $78.00 price objective on General Motors in a research report on Thursday, October 23rd. Wall Street Zen upgraded General Motors from a “hold” rating to a “buy” rating in a research report on Saturday. Jefferies Financial Group raised their price target on General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, October 6th. Finally, TD Cowen lifted their price objective on General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.76.

General Motors Stock Performance

NYSE GM opened at $83.04 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $83.68. The company has a market cap 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. The business’s 50 day moving average price is $73.39 and its 200-day moving average price is $61.42.

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 (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 business’s revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Sell-side analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Friday, December 5th were paid 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 dividend yield of 0.7%. General Motors’s dividend payout ratio is currently 12.07%.

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.