General Motors Company $GM Stock Holdings Reduced by VestGen Advisors LLC

VestGen Advisors LLC lowered its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 49.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,203 shares of the auto manufacturer’s stock after selling 7,983 shares during the period. VestGen Advisors LLC’s holdings in General Motors were worth $632,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Evergreen Advisors LLC acquired a new position in General Motors in the first quarter valued at approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of General Motors during the 2nd quarter valued at approximately $31,000. Burk Holdings LLC purchased a new position in General Motors in the 2nd quarter valued at $31,000. Premier Financial Group acquired a new position in General Motors during the second quarter worth about $31,000. Finally, Elevation Wealth Partners LLC lifted its position in General Motors by 70.6% during the second quarter. Elevation Wealth Partners LLC now owns 464 shares of the auto manufacturer’s stock worth $36,000 after buying an additional 192 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Performance

NYSE:GM opened at $87.33 on Monday. The firm has a 50-day moving average of $83.09 and a two-hundred day moving average of $80.62. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.09 and a quick ratio of 0.94. The stock has a market cap of $73.67 billion, a P/E ratio of 20.03, a PEG ratio of 0.49 and a beta of 1.40. General Motors Company has a 1-year low of $66.75 and a 1-year high of $91.85.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.01. General Motors had a return on equity of 19.36% and a net margin of 2.12%. The business had revenue of $50.02 billion during the quarter, compared to the consensus estimate of $48.78 billion. During the same period last year, the firm earned $2.80 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, research analysts expect that General Motors Company will post 13.38 earnings per share for the current fiscal year.

General Motors declared that its board has initiated a stock buyback plan on Tuesday, October 20th that authorizes the company to buy back $20 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to repurchase up to 27.5% of its shares through open market purchases. Share repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, December 4th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, December 4th. General Motors’s dividend payout ratio is currently 16.51%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GM. Royal Bank Of Canada decreased their target price on General Motors from $102.00 to $98.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 21st. Barclays lowered their price objective on shares of General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 21st. JPMorgan Chase & Co. lowered their price target on shares of General Motors from $120.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Truist Financial set a $105.00 price objective on shares of General Motors in a research report on Wednesday, October 7th. Finally, Tigress Financial raised their price target on shares of General Motors from $130.00 to $132.00 and gave the stock a “strong-buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $101.44.

General Motors News Summary

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

• Positive Sentiment: Hybrid expansion strengthens product strategy: GM confirmed that its Lansing Delta Township plant will produce hybrid vehicles, including anticipated Chevrolet Traverse, GMC Acadia and Buick Enclave hybrids. The company and the Department of Energy are restructuring a previously awarded $500 million grant to support the investment, helping GM address demand for vehicles between traditional internal-combustion models and EVs. GM confirms Lansing Delta Township plant will produce hybrid vehicles
• Neutral Sentiment: Nasdaq listing planned: GM is reportedly shifting its stock listing to Nasdaq, potentially improving visibility among technology-oriented investors and aligning the automaker with other major companies that have made similar moves. The change is mainly a trading and branding development rather than an immediate change to GM’s operating fundamentals. GM is shifting gears to the Nasdaq
• Negative Sentiment: $220 million driver-data settlement adds legal and reputational costs: GM agreed to pay 36 states to resolve allegations that it sold or shared drivers’ vehicle-use, location and braking-behavior data with data brokers and insurers. The agreement requires affirmative express consent before collecting or sharing such information. State allocations include $7.2 million to Michigan, more than $6 million to Connecticut, $3 million to Maine, over $2.5 million to Alaska and $8 million to Ohio; drivers generally will not receive direct payments. The settlement could increase compliance costs and scrutiny of GM’s connected-car and OnStar data practices. GM reaches $220M settlement over selling drivers’ private data

General Motors Profile

General Motors Company (NYSE: GM) is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM designs, manufactures and sells vehicles and related services through brands including Chevrolet, Buick, GMC and Cadillac.

GM’s product lineup includes passenger cars, pickup trucks, sport utility vehicles, commercial vehicles and electric vehicles. The company is also developing connected-vehicle technologies, driver-assistance systems and charging and energy-management solutions.