Laurel Wealth Advisors LLC Purchases 14,902 Shares of General Motors Company $GM

Laurel Wealth Advisors LLC boosted its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 4,854.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 15,209 shares of the auto manufacturer’s stock after buying an additional 14,902 shares during the period. Laurel Wealth Advisors LLC’s holdings in General Motors were worth $748,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GM. Trust Co. of Toledo NA OH bought a new stake in shares of General Motors during the 2nd quarter valued at about $25,000. GFG Capital LLC bought a new position in shares of General Motors in the second quarter worth approximately $27,000. RMG Wealth Management LLC purchased a new stake in General Motors in the second quarter valued at approximately $32,000. Costello Asset Management INC bought a new stake in General Motors during the first quarter valued at approximately $32,000. Finally, WPG Advisers LLC purchased a new position in General Motors in the 1st quarter worth approximately $34,000. 92.67% of the stock is currently owned by institutional investors.

Insider Activity

In other news, President Mark L. Reuss sold 260,600 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the sale, the president directly owned 98,006 shares in the company, valued at approximately $6,512,498.70. This represents a 72.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mary T. Barra sold 753,720 shares of the firm’s stock in a transaction dated 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 in the company, valued at $25,989,943.65. The trade was a 63.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,288,534 shares of company stock worth $79,253,568. 0.54% of the stock is currently owned by corporate insiders.

General Motors Stock Up 1.1%

GM opened at $73.64 on Friday. General Motors Company has a 12 month low of $41.60 and a 12 month high of $73.86. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. The business’s 50-day moving average price is $65.02 and its 200-day moving average price is $57.10. The company has a market cap of $68.69 billion, a P/E ratio of 14.82, a P/E/G ratio of 0.96 and a beta of 1.41.

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 (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.48. The business had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.General Motors’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the company earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, equities analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Mizuho set a $76.00 price objective on shares of General Motors in a research report on Wednesday, October 22nd. Piper Sandler set a $66.00 price target on General Motors and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Evercore ISI lifted their price target on General Motors from $68.00 to $74.00 and gave the stock an “outperform” rating in a research note on Monday. Zacks Research upgraded General Motors from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Finally, Jefferies Financial Group raised their price objective on General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.27.

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.