General Motors Company $GM is Wilsey Asset Management Inc.’s 4th Largest Position

Wilsey Asset Management Inc. trimmed its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 634,791 shares of the auto manufacturer’s stock after selling 14,719 shares during the period. General Motors makes up approximately 7.1% of Wilsey Asset Management Inc.’s holdings, making the stock its 4th biggest holding. Wilsey Asset Management Inc. owned 0.07% of General Motors worth $38,703,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of GM. Corient Private Wealth LLC raised its holdings in shares of General Motors by 6.2% during the second quarter. Corient Private Wealth LLC now owns 341,426 shares of the auto manufacturer’s stock worth $16,802,000 after purchasing an additional 20,017 shares during the last quarter. Mirova raised its stake in shares of General Motors by 4.1% during the 1st quarter. Mirova now owns 133,969 shares of the auto manufacturer’s stock valued at $6,301,000 after buying an additional 5,293 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in shares of General Motors by 200.3% in the 2nd quarter. Engineers Gate Manager LP now owns 1,282,075 shares of the auto manufacturer’s stock valued at $63,091,000 after buying an additional 855,137 shares during the period. Capital Investment Advisors LLC grew its holdings in General Motors by 6.3% during the second quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer’s stock worth $434,000 after acquiring an additional 526 shares during the period. Finally, Ieq Capital LLC raised its position in General Motors by 233.7% during the first quarter. Ieq Capital LLC now owns 507,213 shares of the auto manufacturer’s stock valued at $23,854,000 after acquiring an additional 355,235 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GM. Cowen reaffirmed a “buy” rating on shares of General Motors in a research note on Friday, December 12th. Citigroup lifted their price target on shares of General Motors from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. TD Cowen upped their price objective on shares of General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Wells Fargo & Company lifted their target price on shares of General Motors from $46.00 to $48.00 and gave the company an “underweight” rating in a research report on Tuesday, December 9th. Finally, Wall Street Zen cut shares of General Motors from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, General Motors currently has a consensus rating of “Moderate Buy” and an average price target of $75.76.

General Motors Price Performance

General Motors stock opened at $81.18 on Friday. The company has a fifty day simple moving average of $70.29 and a 200-day simple moving average of $59.88. The firm has a market capitalization of $75.73 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 0.73 and a beta of 1.30. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. General Motors Company has a 52-week low of $41.60 and a 52-week high of $83.04.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. The firm had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. General Motors’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business posted $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, equities analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Friday, December 5th were given a dividend of $0.15 per share. The ex-dividend date was Friday, December 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.7%. General Motors’s dividend payout ratio (DPR) is presently 12.07%.

Insider Buying and Selling

In other news, President Mark L. Reuss sold 260,600 shares of General Motors stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the transaction, the president owned 98,006 shares in the company, valued at $6,512,498.70. The trade was a 72.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rory Harvey sold 6,600 shares of the business’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.95, for a total transaction of $408,870.00. Following the transaction, the executive vice president directly owned 8,513 shares in the company, valued at approximately $527,380.35. The trade was a 43.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,254,589 shares of company stock valued at $77,219,450 in the last quarter. Corporate insiders own 0.54% of the company’s stock.

General Motors Company 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.