General Motors Company $GM Stock Position Raised by Cwm LLC

Cwm LLC grew its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 50.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 340,858 shares of the auto manufacturer’s stock after acquiring an additional 114,756 shares during the period. Cwm LLC’s holdings in General Motors were worth $20,782,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in General Motors by 456.1% in the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock worth $2,062,000 after acquiring an additional 31,755 shares in the last quarter. Jump Financial LLC raised its holdings in shares of General Motors by 27.4% during the 1st quarter. Jump Financial LLC now owns 17,415 shares of the auto manufacturer’s stock valued at $819,000 after purchasing an additional 3,743 shares in the last quarter. State of Wyoming acquired a new stake in shares of General Motors in the 1st quarter valued at $184,000. WPG Advisers LLC bought a new stake in General Motors in the first quarter worth $34,000. Finally, Canada Pension Plan Investment Board increased its position in General Motors by 50.6% during the first quarter. Canada Pension Plan Investment Board now owns 2,609,851 shares of the auto manufacturer’s stock worth $122,741,000 after buying an additional 877,362 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GM shares. Zacks Research raised General Motors from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Evercore ISI boosted their target price on General Motors from $68.00 to $74.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. Wall Street Zen raised General Motors from a “hold” rating to a “buy” rating in a research report on Saturday. TD Cowen lifted their price target on shares of General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Wedbush upped their price objective on shares of General Motors from $75.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Three 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $75.76.

Insider Transactions at General Motors

In related news, CAO Christopher Hatto sold 15,697 shares of the stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,098,790.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares in the company, valued at approximately $840,490. This trade represents a 56.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 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 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 ninety days. 0.54% of the stock is owned by company insiders.

General Motors Stock Performance

Shares of NYSE GM opened at $83.04 on Friday. General Motors Company has a 12 month low of $41.60 and a 12 month 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 is $73.39 and its two-hundred day moving average 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.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data 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 business had revenue of $48.59 billion for the quarter, compared to the consensus estimate of $44.60 billion. During the same quarter last year, the company posted $2.96 earnings per share. General Motors’s quarterly revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, equities analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Friday, December 5th were issued a dividend of $0.15 per share. The ex-dividend date was 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%.

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.