Empirical Finance LLC Decreases Stock Position in General Motors Company $GM

Empirical Finance LLC trimmed its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 16.0% in the second quarter, Holdings Channel.com reports. The firm owned 53,453 shares of the auto manufacturer’s stock after selling 10,172 shares during the period. Empirical Finance LLC’s holdings in General Motors were worth $4,120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GM. Tsfg LLC boosted its position in General Motors by 5.7% in the 4th quarter. Tsfg LLC now owns 2,241 shares of the auto manufacturer’s stock valued at $182,000 after buying an additional 120 shares during the last quarter. Sumitomo Life Insurance Co. increased its position in shares of 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 acquiring an additional 127 shares during the last quarter. UMB Bank n.a. increased its position in shares of 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 acquiring an additional 136 shares during the last quarter. Waddell & Associates LLC lifted its stake in shares of General Motors by 1.3% in the fourth quarter. Waddell & Associates LLC now owns 10,737 shares of the auto manufacturer’s stock worth $873,000 after acquiring an additional 137 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in General Motors by 0.9% in the fourth 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. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of NYSE:GM traded down $1.86 on Tuesday, reaching $85.90. 6,232,098 shares of the company’s stock were exchanged, compared to its average volume of 7,572,596. The business’s 50-day moving average is $83.47 and its two-hundred day moving average is $79.88. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42. General Motors Company has a fifty-two week low of $54.33 and a fifty-two week high of $91.85. The firm has a market capitalization of $75.37 billion, a price-to-earnings ratio of 43.38, a PEG ratio of 0.50 and a beta of 1.32.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.38. The business had revenue of $48.03 billion during the quarter, compared to the consensus estimate of $47.01 billion. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, equities research analysts forecast that General Motors Company will post 13.29 EPS for the current year.

General Motors Dividend Announcement

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

Insider Buying and Selling at General Motors

In related news, President Mark Reuss sold 71,079 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $89.97, for a total value of $6,394,977.63. Following the sale, the president owned 92,293 shares of the company’s stock, valued at approximately $8,303,601.21. This trade represents a 43.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the business’s 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 transaction, the chief accounting officer owned 18,899 shares of the company’s stock, valued at $1,700,910. This represents a 26.73% decrease in their position. The SEC filing for this sale provides additional information. 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 worth $57,456,067. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GM. Tigress Financial raised their price objective on General Motors from $92.00 to $130.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 28th. Royal Bank Of Canada raised their price objective 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. Wedbush reissued an “outperform” rating and issued a $95.00 target price on shares of General Motors in a research report on Monday, May 11th. Benchmark restated a “buy” rating on shares of General Motors in a research note on Tuesday, July 21st. Finally, TD Cowen increased their price target on shares of General Motors from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.