Deprince Race & Zollo Inc. Sells 98,014 Shares of General Motors Company $GM

Deprince Race & Zollo Inc. cut its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 21.9% during the 3rd quarter, Holdings Channel reports. The firm owned 349,678 shares of the auto manufacturer’s stock after selling 98,014 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in General Motors were worth $21,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. Trust Co. of Toledo NA OH bought a new stake in General Motors in the second quarter valued at approximately $25,000. GFG Capital LLC acquired a new position in shares of General Motors during the 2nd quarter worth approximately $27,000. 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. RMG Wealth Management LLC bought a new stake in General Motors in the 2nd quarter valued at $32,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in General Motors during the 2nd quarter valued at $38,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GM shares. Piper Sandler set a $66.00 price objective on shares of General Motors and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Jefferies Financial Group increased their price target on shares of General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, October 6th. Argus set a $78.00 price objective on General Motors in a report on Thursday, October 23rd. Weiss Ratings lowered General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research note on Saturday, October 25th. Finally, Mizuho set a $90.00 price target on General Motors in a report on Tuesday, December 16th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $75.76.

Insider Activity

In other news, President Mark L. Reuss sold 260,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were 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 owned 98,006 shares of the company’s stock, valued at approximately $6,512,498.70. This represents a 72.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Christopher Hatto sold 7,724 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total transaction of $556,128.00. Following the sale, the chief accounting officer owned 12,007 shares in the company, valued at $864,504. This represents a 39.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 284,021 shares of company stock valued at $18,971,788 in the last ninety days. 0.54% of the stock is currently owned by company insiders.

General Motors Stock Up 0.2%

Shares of GM opened at $83.04 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. General Motors Company has a 12 month low of $41.60 and a 12 month high of $83.68. The firm’s 50 day moving average is $73.39 and its 200-day moving average is $61.42. The stock has a market capitalization of $77.46 billion, a PE 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 issued its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. The business had revenue of $48.59 billion for 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 firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities research analysts forecast that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

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

About General Motors

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.