Kestra Advisory Services LLC Has $7.45 Million Stock Holdings in General Motors Company $GM

Kestra Advisory Services LLC raised its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 10.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,995 shares of the auto manufacturer’s stock after buying an additional 9,637 shares during the period. Kestra Advisory Services LLC’s holdings in General Motors were worth $7,450,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Money Concepts Capital Corp bought a new stake in General Motors during the 1st quarter worth approximately $635,000. Flatrock Wealth Partners LLC bought a new position in shares of General Motors in the first quarter valued at approximately $357,000. Jackson Thornton Wealth Management LLC boosted its position in shares of General Motors by 5.8% during the first quarter. Jackson Thornton Wealth Management LLC now owns 12,924 shares of the auto manufacturer’s stock valued at $988,000 after buying an additional 705 shares during the last quarter. R Squared Ltd bought a new stake in General Motors during the first quarter worth $375,000. Finally, Resonant Capital Advisors LLC raised its position in General Motors by 7.6% in the 1st quarter. Resonant Capital Advisors LLC now owns 5,710 shares of the auto manufacturer’s stock valued at $425,000 after buying an additional 404 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GM has been the topic of a number of analyst reports. UBS Group reaffirmed a “buy” rating on shares of General Motors in a report on Wednesday, June 10th. Royal Bank Of Canada dropped their price target on shares of General Motors from $95.00 to $94.00 and set an “outperform” rating on the stock in a research report on Monday. Wells Fargo & Company upped their price objective on shares of General Motors from $59.00 to $60.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and increased their price objective for the company from $83.00 to $90.00 in a research note on Tuesday, April 14th. Finally, Wall Street Zen upgraded General Motors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, General Motors presently has an average rating of “Moderate Buy” and a consensus target price of $97.27.

General Motors Stock Performance

NYSE GM opened at $76.77 on Tuesday. The company has a market capitalization of $69.22 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 0.39 and a beta of 1.31. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 1.15. General Motors Company has a 52-week low of $48.87 and a 52-week high of $87.62. The company has a 50-day simple moving average of $78.91 and a 200 day simple moving average of $79.05.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The firm had revenue of $43.62 billion during the quarter, compared to the consensus estimate of $43.51 billion. During the same period in the prior year, the firm earned $2.78 EPS. The company’s revenue was down .9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, research analysts predict that General Motors Company will post 12.85 EPS for the current year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, June 5th. General Motors’s dividend payout ratio (DPR) is currently 29.03%.

Insider Buying and Selling at General Motors

In related news, CAO Christopher Hatto sold 6,895 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $85.00, for a total value of $586,075.00. Following the sale, the chief accounting officer directly owned 25,794 shares in the company, valued at approximately $2,192,490. The trade was a 21.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 9,124 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $84.97, for a total transaction of $775,266.28. Following the sale, the executive vice president directly owned 37,395 shares in the company, valued at approximately $3,177,453.15. This trade represents a 19.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 697,388 shares of company stock worth $57,752,596 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

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.