VIRGINIA RETIREMENT SYSTEMS ET Al Sells 138,300 Shares of General Motors Company $GM

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 14.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 818,712 shares of the auto manufacturer’s stock after selling 138,300 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in General Motors were worth $49,917,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Co. of Toledo NA OH purchased a new stake in General Motors during the second quarter valued at approximately $25,000. GFG Capital LLC acquired a new position in shares of General Motors during the second quarter worth $27,000. RMG Wealth Management LLC acquired a new stake in shares of General Motors in the 2nd quarter worth $32,000. Armstrong Advisory Group Inc. boosted its position in shares of 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 in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in General Motors during the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors News Roundup

Here are the key news stories impacting General Motors this week:

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. TD Cowen increased 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. Piper Sandler set a $66.00 price objective on shares of General Motors and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Morgan Stanley raised shares of General Motors from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $54.00 to $90.00 in a research report on Monday, December 8th. Citigroup raised their price target on shares of General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, The Goldman Sachs Group lifted their price objective on shares of General Motors from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $75.76.

Read Our Latest Report on General Motors

Insider Transactions at General Motors

In other General Motors news, President Mark L. Reuss sold 260,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total value of $17,316,870.00. Following the sale, the president owned 98,006 shares in the company, valued at approximately $6,512,498.70. This represents a 72.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Christopher Hatto sold 7,724 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total transaction of $556,128.00. Following the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at $864,504. The trade was a 39.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 284,021 shares of company stock worth $18,971,788 in the last 90 days. Company insiders own 0.54% of the company’s stock.

General Motors Stock Performance

Shares of NYSE GM opened at $82.32 on Wednesday. The company has a 50 day simple moving average of $74.20 and a two-hundred day simple moving average of $61.98. The stock has a market cap of $76.79 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 0.75 and a beta of 1.30. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. General Motors Company has a 12 month low of $41.60 and a 12 month high of $83.68.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its 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 firm had revenue of $48.59 billion during the quarter, compared to analysts’ expectations 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 was down .3% compared to the same quarter last year. During the same quarter last year, the company posted $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

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

General Motors Profile

(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.

Featured Stories

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

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