BDF Gestion Sells 8,534 Shares of General Motors Company $GM

BDF Gestion lowered its holdings in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 17.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,043 shares of the auto manufacturer’s stock after selling 8,534 shares during the quarter. BDF Gestion’s holdings in General Motors were worth $2,502,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GM. Dynamic Advisor Solutions LLC acquired a new stake in shares of General Motors in the third quarter worth $226,000. Riversedge Advisors LLC bought a new stake in General Motors in the 3rd quarter valued at $204,000. Armstrong Advisory Group Inc. grew its position in General Motors by 94.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 265 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of General Motors by 9.6% during the 3rd quarter. Wedmont Private Capital now owns 12,011 shares of the auto manufacturer’s stock worth $688,000 after purchasing an additional 1,050 shares during the period. Finally, Czech National Bank raised its position in shares of General Motors by 2.9% during the third quarter. Czech National Bank now owns 241,808 shares of the auto manufacturer’s stock valued at $14,743,000 after buying an additional 6,800 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about General Motors

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Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays boosted their price target on General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Benchmark reissued a “buy” rating on shares of General Motors in a report on Wednesday, October 22nd. Wells Fargo & Company upped their target price on General Motors from $46.00 to $48.00 and gave the company an “underweight” rating in a research note on Tuesday, December 9th. Mizuho set a $90.00 price target on shares of General Motors in a research note on Tuesday. Finally, Weiss Ratings lowered shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a report on Saturday, October 25th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.76.

Get Our Latest Stock Analysis on General Motors

General Motors Stock Performance

General Motors stock opened at $82.37 on Friday. The firm has a market capitalization of $76.84 billion, a P/E ratio of 16.57, a P/E/G ratio of 0.74 and a beta of 1.30. The stock has a fifty day moving average price of $70.83 and a two-hundred day moving average price of $60.12. General Motors Company has a 52-week low of $41.60 and a 52-week high of $83.04. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating the consensus estimate of $2.32 by $0.48. The company had revenue of $48.59 billion for the quarter, compared to the consensus estimate of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, December 5th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, December 5th. General Motors’s dividend payout ratio is currently 12.07%.

Insider Activity

In other news, CEO Mary T. Barra sold 753,720 shares of General Motors stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total value of $45,185,514.00. Following the completion of the transaction, the chief executive officer owned 433,527 shares in the company, valued at approximately $25,989,943.65. The trade was a 63.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Rory Harvey sold 6,600 shares of the stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $61.95, for a total value of $408,870.00. Following the sale, the executive vice president owned 8,513 shares in the company, valued at approximately $527,380.35. This trade represents a 43.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,254,589 shares of company stock worth $77,219,450. Corporate insiders own 0.54% of the company’s stock.

About General Motors

(Free Report)

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.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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