Savant Capital LLC Lowers Position in General Motors Company $GM

Savant Capital LLC lessened its position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 87.2% in the fourth quarter, HoldingsChannel reports. The firm owned 31,967 shares of the auto manufacturer’s stock after selling 217,724 shares during the quarter. Savant Capital LLC’s holdings in General Motors were worth $2,600,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new position in shares of General Motors in the 4th quarter valued at approximately $25,000. Elevation Wealth Partners LLC lifted its stake in shares of 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 during the period. Kelleher Financial Advisors purchased a new position in shares of General Motors in the 3rd quarter valued at approximately $29,000. Founders Capital Management purchased a new position in shares of General Motors in the 4th quarter valued at approximately $31,000. Finally, JPL Wealth Management LLC purchased a new position in shares of General Motors in the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Up 0.2%

GM stock opened at $83.39 on Monday. General Motors Company has a 1-year low of $46.81 and a 1-year high of $87.62. The business has a fifty day moving average price of $76.93 and a 200-day moving average price of $78.12. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99. The stock has a market capitalization of $75.19 billion, a P/E ratio of 33.63, a P/E/G ratio of 0.42 and a beta of 1.30.

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

General Motors Announces Dividend

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

Insider Buying and Selling at General Motors

In other news, CEO Mary T. Barra sold 215,391 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 770,491 shares in the company, valued at $61,646,984.91. The trade was a 21.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of General Motors stock in a transaction on 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 completion of the sale, the executive vice president directly owned 46,519 shares of the company’s stock, valued at $3,862,007.38. The trade was a 63.08% decrease in their position. 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 538,548 shares of company stock valued at $44,241,546 in the last 90 days. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GM. Benchmark raised their target price on General Motors from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. The Goldman Sachs Group reduced their price objective 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. Wall Street Zen raised General Motors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of General Motors in a research report on Tuesday, April 21st. Finally, Piper Sandler restated an “overweight” rating and issued a $102.00 price target on shares of General Motors in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.65.

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General Motors Profile

(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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