General Motors Company $GM Shares Sold by Arax Advisory Partners

Arax Advisory Partners reduced its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 91.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,931 shares of the auto manufacturer’s stock after selling 214,204 shares during the quarter. Arax Advisory Partners’ holdings in General Motors were worth $1,539,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new position in General Motors in the 4th quarter valued at approximately $25,000. Elevation Wealth Partners LLC increased its stake in General Motors by 500.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 275 shares in the last quarter. SouthState Bank Corp increased its stake in General Motors by 101.7% in the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 177 shares in the last quarter. Kelleher Financial Advisors purchased a new position in General Motors in the 3rd quarter valued at approximately $29,000. Finally, Founders Capital Management purchased a new position in General Motors in the 4th quarter valued at approximately $31,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Price Performance

Shares of NYSE:GM opened at $83.96 on Tuesday. The company has a market cap of $75.70 billion, a P/E ratio of 33.85, a P/E/G ratio of 0.41 and a beta of 1.30. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. General Motors Company has a 52 week low of $47.63 and a 52 week high of $87.62. The business has a fifty day simple moving average of $78.66 and a 200-day simple moving average of $79.05.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. The business had revenue of $43.62 billion during the quarter, compared to the consensus estimate of $43.51 billion. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Equities research analysts forecast that General Motors Company will post 12.85 EPS for the current year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. General Motors’s payout ratio is currently 29.03%.

Insider Activity

In related news, CEO Mary T. Barra sold 20,582 shares of General Motors stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $85.00, for a total value of $1,749,470.00. Following the transaction, the chief executive officer owned 592,242 shares in the company, valued at approximately $50,340,570. This trade represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of General Motors stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $85.00, for a total value of $586,075.00. Following the completion of the transaction, the chief accounting officer owned 25,794 shares in the company, valued at $2,192,490. The trade was a 21.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 598,149 shares of company stock valued at $49,307,358 over the last quarter. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

GM has been the subject of several recent research reports. Mizuho dropped their price target on General Motors from $105.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Wells Fargo & Company raised their price target on General Motors from $57.00 to $59.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 29th. Wall Street Zen raised General Motors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Citigroup raised their price target on General Motors from $108.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Finally, The Goldman Sachs Group dropped their price target on General Motors from $104.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.65.

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.