NWF Advisory Services Inc. Lowers Holdings in General Motors Company $GM

NWF Advisory Services Inc. trimmed its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 8.2% during the 1st quarter, HoldingsChannel reports. The fund owned 118,892 shares of the auto manufacturer’s stock after selling 10,613 shares during the quarter. General Motors comprises 1.0% of NWF Advisory Services Inc.’s holdings, making the stock its 24th biggest position. NWF Advisory Services Inc.’s holdings in General Motors were worth $8,857,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Laurel Wealth Advisors LLC purchased a new position in shares of General Motors in the 4th quarter worth about $25,000. Elevation Wealth Partners LLC boosted 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 worth $27,000 after purchasing an additional 275 shares in the last quarter. SouthState Bank Corp grew its position in General Motors by 101.7% during 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 during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in General Motors during the 4th quarter valued at about $30,000. Finally, Founders Capital Management bought a new stake in General Motors during the 4th quarter valued at about $31,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at General Motors

In related news, EVP Rory Harvey sold 79,494 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $83.02, for a total transaction of $6,599,591.88. Following the completion of the sale, the executive vice president owned 46,519 shares in the company, valued at approximately $3,862,007.38. This represents a 63.08% decrease in their ownership of the stock. The transaction 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, CEO Mary T. Barra sold 215,391 shares of the stock in a transaction dated Tuesday, May 26th. The shares were 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 directly owned 770,491 shares in the company, valued at approximately $61,646,984.91. This represents a 21.85% 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 have sold a total of 697,388 shares of company stock worth $57,752,596 in the last ninety days. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GM. Evercore reaffirmed an “outperform” rating and issued a $100.00 target price on shares of General Motors in a report on Monday, May 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a report on Tuesday, April 21st. Mizuho reduced 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. Wells Fargo & Company boosted their price objective on shares of General Motors from $59.00 to $60.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Finally, Royal Bank Of Canada cut their target price on General Motors from $95.00 to $94.00 and set an “outperform” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.27.

General Motors Stock Performance

Shares of GM stock opened at $76.77 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. The company has a 50 day moving average price of $78.91 and a 200-day moving average price of $79.05. General Motors Company has a 52 week low of $48.87 and a 52 week high of $87.62. The firm has a market capitalization of $69.22 billion, a PE ratio of 30.96, a P/E/G ratio of 0.39 and a beta of 1.31.

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

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, June 5th. General Motors’s dividend payout ratio is presently 29.03%.

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.