Patient Capital Management LLC Trims Holdings in General Motors Company $GM

Patient Capital Management LLC decreased its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 38.1% in the second quarter, HoldingsChannel reports. The firm owned 944,753 shares of the auto manufacturer’s stock after selling 582,010 shares during the quarter. General Motors accounts for 2.1% of Patient Capital Management LLC’s portfolio, making the stock its 24th biggest position. Patient Capital Management LLC’s holdings in General Motors were worth $46,491,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after acquiring an additional 31,755 shares during the last quarter. LPL Financial LLC lifted its position in General Motors by 5.8% during the first quarter. LPL Financial LLC now owns 677,413 shares of the auto manufacturer’s stock valued at $31,859,000 after purchasing an additional 36,922 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in General Motors in the first quarter valued at $79,000. Federated Hermes Inc. grew its position in General Motors by 47.5% during the 1st quarter. Federated Hermes Inc. now owns 948,639 shares of the auto manufacturer’s stock worth $44,614,000 after purchasing an additional 305,290 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new position in shares of General Motors during the 1st quarter valued at about $2,092,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wedbush set a $75.00 target price on General Motors and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Jefferies Financial Group raised their price target on shares of General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, October 6th. Cowen reaffirmed a “buy” rating on shares of General Motors in a report on Tuesday, October 21st. Benchmark reissued a “buy” rating on shares of General Motors in a research note on Wednesday, October 22nd. Finally, TD Cowen lifted their price target on General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, General Motors currently has a consensus rating of “Moderate Buy” and an average target price of $70.27.

General Motors Stock Up 0.1%

GM stock opened at $72.82 on Friday. The stock has a market capitalization of $67.93 billion, a P/E ratio of 14.65, a P/E/G ratio of 0.96 and a beta of 1.41. General Motors Company has a 52 week low of $41.60 and a 52 week high of $73.45. The firm has a 50-day simple moving average of $64.72 and a 200-day simple moving average of $56.93. 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 (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data 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. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The company had revenue of $48.59 billion for the quarter, compared to analysts’ expectations of $44.60 billion. During the same period in the previous year, the firm posted $2.96 EPS. General Motors’s revenue was down .3% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities analysts forecast 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 will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, December 5th. General Motors’s payout ratio is presently 12.07%.

Insider Transactions at General Motors

In other General Motors news, CAO Christopher Hatto sold 23,400 shares of the firm’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $61.01, for a total value of $1,427,634.00. Following the transaction, the chief accounting officer owned 12,007 shares in the company, valued at approximately $732,547.07. This trade represents a 66.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mary T. Barra sold 753,720 shares of General Motors stock in a transaction on 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 directly owned 433,527 shares in the company, valued at approximately $25,989,943.65. This trade represents a 63.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,288,534 shares of company stock valued at $79,253,568 in the last 90 days. 0.54% of the stock is owned by company insiders.

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.