General Motors Company $GM Shares Sold by Kiker Wealth Management LLC

Kiker Wealth Management LLC lessened its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 35,880 shares of the auto manufacturer’s stock after selling 984 shares during the period. General Motors makes up 1.0% of Kiker Wealth Management LLC’s investment portfolio, making the stock its 18th largest holding. Kiker Wealth Management LLC’s holdings in General Motors were worth $1,766,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of General Motors by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer’s stock worth $4,672,023,000 after acquiring an additional 6,395,375 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of General Motors by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer’s stock valued at $676,322,000 after purchasing an additional 316,196 shares in the last quarter. Invesco Ltd. increased its holdings in shares of General Motors by 4.5% in the 1st quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer’s stock valued at $646,482,000 after purchasing an additional 594,217 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of General Motors by 146.8% in the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock valued at $629,196,000 after purchasing an additional 8,012,743 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in shares of General Motors by 17.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer’s stock valued at $603,048,000 after purchasing an additional 1,910,186 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Bank of America cut their price target on shares of General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company increased their price target on shares of General Motors from $38.00 to $40.00 and gave the company an “underweight” rating in a report on Friday, October 3rd. Jefferies Financial Group increased their price target on shares of General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, October 6th. Mizuho increased their price target on shares of General Motors from $58.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $77.00 target price on shares of General Motors in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

Insider Activity

In other news, EVP Rory Harvey sold 6,600 shares of General Motors 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 completion of the sale, the executive vice president directly owned 8,513 shares in the company, valued at $527,380.35. The trade was a 43.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mary T. Barra sold 753,720 shares of General Motors stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the sale, the chief executive officer 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,074,824 shares of company stock valued at $122,377,213. 0.54% of the stock is owned by corporate insiders.

General Motors Stock Performance

NYSE:GM opened at $55.63 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average price of $57.67 and a two-hundred day moving average price of $51.85. General Motors Company has a twelve month low of $41.60 and a twelve month high of $62.14. The company has a market capitalization of $52.96 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 1.17 and a beta of 1.33.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.01. The firm had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the firm posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, research analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. General Motors’s payout ratio is 9.52%.

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.