Banque Cantonale Vaudoise Cuts Stake in General Motors Company $GM

Banque Cantonale Vaudoise cut its holdings in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 22.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,025 shares of the auto manufacturer’s stock after selling 7,589 shares during the quarter. Banque Cantonale Vaudoise’s holdings in General Motors were worth $1,939,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GM. Apella Capital LLC bought a new position in shares of General Motors during the first quarter valued at approximately $218,000. Assenagon Asset Management S.A. increased its holdings in shares of General Motors by 23.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,260,369 shares of the auto manufacturer’s stock valued at $93,897,000 after acquiring an additional 237,041 shares during the period. Cidel Asset Management Inc. raised its position in shares of General Motors by 8.5% in the 1st quarter. Cidel Asset Management Inc. now owns 30,939 shares of the auto manufacturer’s stock worth $2,305,000 after acquiring an additional 2,414 shares in the last quarter. Sovereign Financial Group Inc. raised its position in shares of General Motors by 21.0% in the 1st quarter. Sovereign Financial Group Inc. now owns 5,844 shares of the auto manufacturer’s stock worth $435,000 after acquiring an additional 1,013 shares in the last quarter. Finally, Athena Wealth Management LLC lifted its stake in shares of General Motors by 53.3% during the 1st quarter. Athena Wealth Management LLC now owns 13,898 shares of the auto manufacturer’s stock worth $1,035,000 after purchasing an additional 4,830 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors News Roundup

Here are the key news stories impacting General Motors this week:

Insider Buying and Selling

In related news, EVP Rory Harvey sold 79,494 shares of General Motors stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $83.02, for a total value of $6,599,591.88. Following the sale, the executive vice president directly owned 46,519 shares in the company, valued at approximately $3,862,007.38. The trade was a 63.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 215,391 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $80.01, for a total value of $17,233,433.91. Following the sale, the chief executive officer owned 770,491 shares of the company’s stock, valued at approximately $61,646,984.91. This trade represents a 21.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 697,388 shares of company stock worth $57,752,596 in the last 90 days. Insiders own 0.54% of the company’s stock.

General Motors Stock Performance

Shares of GM stock opened at $78.20 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. General Motors Company has a 12-month low of $48.80 and a 12-month high of $87.62. The business’s 50 day moving average is $79.34 and its two-hundred day moving average is $79.37. The company has a market capitalization of $70.51 billion, a P/E ratio of 31.53, a P/E/G ratio of 0.40 and a beta of 1.30.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted 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 analysts’ expectations 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 was down .9% compared to the same quarter last year. During the same period 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. Analysts expect that General Motors Company will post 12.85 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was 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%.

Analysts Set New Price Targets

Several research firms have issued reports on GM. UBS Group reiterated a “buy” rating on shares of General Motors in a research note on Wednesday, June 10th. Mizuho decreased their price target on shares of General Motors from $105.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $83.00 to $90.00 in a research report on Tuesday, April 14th. Piper Sandler reiterated an “overweight” rating and set a $102.00 price objective on shares of General Motors in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company increased their target price on shares of General Motors from $59.00 to $60.00 and gave the company an “underweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.70.

Check Out Our Latest Stock Analysis on General Motors

About General Motors

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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