Curated Wealth Partners LLC Sells 154,253 Shares of General Motors Company $GM

Curated Wealth Partners LLC cut its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 90.6% during the 3rd quarter, Holdings Channel reports. The firm owned 16,091 shares of the auto manufacturer’s stock after selling 154,253 shares during the period. Curated Wealth Partners LLC’s holdings in General Motors were worth $1,239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GM. Evergreen Advisors LLC bought a new position in General Motors during the 1st quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in General Motors during the second quarter worth about $31,000. Premier Financial Group acquired a new stake in General Motors during the second quarter worth about $31,000. Burk Holdings LLC bought a new position in General Motors in the 2nd quarter valued at about $31,000. Finally, Elevation Wealth Partners LLC increased its holdings in General Motors by 70.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 464 shares of the auto manufacturer’s stock valued at $36,000 after buying an additional 192 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Price Performance

Shares of GM traded up $0.62 during mid-day trading on Thursday, reaching $83.67. The company had a trading volume of 2,321,182 shares, compared to its average volume of 7,526,707. The company’s 50 day simple moving average is $84.48 and its 200 day simple moving average is $81.00. General Motors Company has a 1-year low of $56.81 and a 1-year high of $91.85. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.97 and a current ratio of 1.14. The company has a market capitalization of $73.42 billion, a price-to-earnings ratio of 42.21, a P/E/G ratio of 0.46 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.38. The business had revenue of $48.03 billion during the quarter, compared to analysts’ expectations of $47.01 billion. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Analysts expect that General Motors Company will post 13.54 EPS for the current year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Friday, September 4th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, September 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. General Motors’s dividend payout ratio is 36.36%.

Insider Buying and Selling at General Motors

In other news, CEO Mary T. Barra sold 318,448 shares of General Motors stock in a transaction dated 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. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 8,882 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $86.95, for a total value of $772,289.90. Following the sale, the executive vice president owned 28,513 shares in the company, valued at approximately $2,479,205.35. This trade represents a 23.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 549,665 shares of company stock worth $49,010,828 over the last three months. 0.44% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GM shares. BNP Paribas Exane upped their price target on shares of General Motors from $102.00 to $112.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $101.00 price objective on shares of General Motors in a research note on Friday, October 9th. Benchmark reissued a “buy” rating and issued a $105.00 price objective (up from $90.00) on shares of General Motors in a research note on Tuesday, July 21st. Barclays boosted their price objective on shares of General Motors from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group upped their target price on General Motors from $103.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.22.

About General Motors

General Motors Company (NYSE:GM) is a global automotive manufacturer headquartered in Detroit, Michigan. Founded in 1908, the company designs, manufactures and sells cars, trucks and sport utility vehicles under brands including Chevrolet, Buick, GMC and Cadillac.

GM serves customers primarily in North America and also operates in international markets. Its business includes gasoline-powered and electric vehicles, commercial and fleet vehicles, vehicle financing through GM Financial, and connected-vehicle services such as OnStar.