Blueshift Asset Management LLC Sells 7,814 Shares of General Motors Company $GM

Blueshift Asset Management LLC cut its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 17.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,886 shares of the auto manufacturer’s stock after selling 7,814 shares during the period. General Motors comprises about 0.6% of Blueshift Asset Management LLC’s investment portfolio, making the stock its 26th largest position. Blueshift Asset Management LLC’s holdings in General Motors were worth $1,864,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GM. Trust Co. of Toledo NA OH acquired a new stake in General Motors during the second quarter worth $25,000. GFG Capital LLC bought a new position in shares of General Motors during the 2nd quarter worth about $27,000. Costello Asset Management INC acquired a new stake in shares of General Motors during the 1st quarter valued at about $32,000. RMG Wealth Management LLC acquired a new stake in shares of General Motors during the 2nd quarter valued at about $32,000. Finally, WPG Advisers LLC bought a new stake in General Motors in the first quarter valued at about $34,000. 92.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Cowen reaffirmed a “buy” rating on shares of General Motors in a report on Tuesday, October 21st. Benchmark reaffirmed a “buy” rating on shares of General Motors in a research note on Wednesday, October 22nd. Evercore ISI increased their price objective on General Motors from $68.00 to $74.00 and gave the stock an “outperform” rating in a research note on Monday, November 24th. UBS Group boosted their target price on shares of General Motors from $81.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Citigroup upped their target price on shares of General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, General Motors currently has a consensus rating of “Moderate Buy” and an average price target of $70.27.

Insider Activity at General Motors

In other news, CEO Mary T. Barra sold 753,720 shares of General Motors stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total value of $45,185,514.00. Following the completion of the sale, the chief executive officer directly owned 433,527 shares of the company’s stock, valued at approximately $25,989,943.65. This trade represents a 63.48% decrease in their position. 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 the business’s stock in a transaction on 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 owned 98,006 shares of the company’s stock, valued at approximately $6,512,498.70. The trade was a 72.67% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,288,534 shares of company stock worth $79,253,568. 0.54% of the stock is currently owned by company insiders.

General Motors Price Performance

Shares of GM stock opened at $72.97 on Tuesday. General Motors Company has a 52 week low of $41.60 and a 52 week high of $73.93. The stock has a market capitalization of $68.07 billion, a PE ratio of 14.68, a PEG ratio of 0.96 and a beta of 1.41. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. The stock’s fifty day moving average is $65.30 and its 200-day moving average is $57.35.

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 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 in the prior year, the company earned $2.96 EPS. The firm’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. Equities research analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. General Motors’s dividend payout ratio is 12.07%.

General Motors Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.