Concurrent Investment Advisors LLC Has $3.19 Million Holdings in General Motors Company $GM

Concurrent Investment Advisors LLC grew its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 22.1% in the 2nd quarter, Holdings Channel reports. The fund owned 41,346 shares of the auto manufacturer’s stock after purchasing an additional 7,478 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in General Motors were worth $3,187,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tsfg LLC boosted its position in shares of General Motors by 5.7% during the 4th quarter. Tsfg LLC now owns 2,241 shares of the auto manufacturer’s stock valued at $182,000 after acquiring an additional 120 shares during the last quarter. Sumitomo Life Insurance Co. increased its position in General Motors by 0.7% during the fourth quarter. Sumitomo Life Insurance Co. now owns 19,477 shares of the auto manufacturer’s stock worth $1,584,000 after purchasing an additional 127 shares during the last quarter. UMB Bank n.a. increased its position in General Motors by 2.0% during the fourth quarter. UMB Bank n.a. now owns 6,887 shares of the auto manufacturer’s stock worth $560,000 after purchasing an additional 136 shares during the last quarter. Waddell & Associates LLC raised its stake in General Motors by 1.3% during the fourth quarter. Waddell & Associates LLC now owns 10,737 shares of the auto manufacturer’s stock worth $873,000 after purchasing an additional 137 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in General Motors by 0.9% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 15,043 shares of the auto manufacturer’s stock valued at $1,223,000 after purchasing an additional 138 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Activity

In other General Motors news, CAO Christopher Hatto sold 6,895 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $90.00, for a total value of $620,550.00. Following the sale, the chief accounting officer directly owned 18,899 shares of the company’s stock, valued at approximately $1,700,910. This represents a 26.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 318,448 shares of General Motors stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the sale, the chief executive officer directly owned 428,994 shares of the company’s stock, valued at approximately $38,772,477.72. This trade represents a 42.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 648,904 shares of company stock valued at $57,456,067. 0.44% of the stock is owned by corporate insiders.

General Motors Stock Down 0.1%

General Motors stock opened at $87.71 on Tuesday. The firm has a market capitalization of $76.96 billion, a P/E ratio of 44.30, a P/E/G ratio of 0.50 and a beta of 1.32. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.42. General Motors Company has a twelve month low of $54.33 and a twelve month high of $91.85. The stock’s fifty day simple moving average is $83.47 and its 200-day simple moving average is $79.88.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, topping the consensus estimate of $3.19 by $0.38. General Motors had a return on equity of 18.18% and a net margin of 1.05%.The firm had revenue of $48.03 billion during the quarter, compared to analysts’ expectations of $47.01 billion. During the same period in the previous year, the firm posted $2.53 EPS. General Motors’s revenue for the quarter was up 1.9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, equities analysts expect that General Motors Company will post 13.29 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. General Motors’s payout ratio is currently 36.36%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of General Motors from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Morgan Stanley upped their price objective on General Motors from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Wells Fargo & Company increased their price objective on General Motors from $60.00 to $61.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 22nd. Benchmark reissued a “buy” rating on shares of General Motors in a research note on Tuesday, July 21st. Finally, Jefferies Financial Group upgraded General Motors from a “hold” rating to a “buy” rating and lifted their target price for the company from $90.00 to $99.00 in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, General Motors has an average rating of “Moderate Buy” and an average target price of $101.41.

General Motors Company Profile

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.