ACR Alpine Capital Research LLC Acquires 198,418 Shares of General Motors Company $GM

Key Points

• ACR Alpine Capital Research increased its General Motors stake by 4.5% in the third quarter, buying 198,418 shares. It held 4.65 million shares, worth about $357.7 million, at filing time.
• GM reported quarterly EPS of $3.70, slightly above estimates, and revenue of $50.02 billion, also ahead of forecasts and up 2.9% year over year.
• GM authorized a $20 billion share repurchase plan and announced a quarterly dividend of $0.18 per share. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $101.44.

ACR Alpine Capital Research LLC raised its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,645,689 shares of the auto manufacturer's stock after acquiring an additional 198,418 shares during the quarter. General Motors makes up 4.9% of ACR Alpine Capital Research LLC's investment portfolio, making the stock its 8th largest holding. ACR Alpine Capital Research LLC owned 0.55% of General Motors worth $357,718,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Richardson Financial Services Inc. raised its holdings in shares of General Motors by 75.7% during the 3rd quarter. Richardson Financial Services Inc. now owns 325 shares of the auto manufacturer's stock valued at $25,000 after purchasing an additional 140 shares in the last quarter. Evergreen Advisors LLC acquired a new position in General Motors during the first quarter worth $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in General Motors during the second quarter worth $31,000. Burk Holdings LLC acquired a new position in General Motors during the second quarter worth $31,000. Finally, Premier Financial Group bought a new position in General Motors during the second quarter valued at about $31,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Trending Headlines about General Motors

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

• Positive Sentiment: Zacks Research raised several forward earnings estimates, including FY2027 EPS to $14.48 from $13.44 and FY2028 EPS to $15.10 from $12.70. These are analyst forecasts, not company guidance. General Motors analyst estimates
• Positive Sentiment: GM’s 38% stake in Nevada’s Thacker Pass lithium project could support domestic battery-material supply for its longer-term EV plans. GM takes 38% of Thacker Pass
• Neutral Sentiment: GM shares had recently reached a 52-week high after a sharp weekly advance, which may leave them vulnerable to profit-taking; the run-up also reflects recent investor momentum. GM’s recent rally
• Negative Sentiment: GM recalled about 67,000 EVs over a software issue that could cause a sudden loss of braking, adding safety and potential repair-cost concerns. Other reports cite additional recalls involving steering-gear and software or mechanical issues across GM models. GM EV braking recall Additional GM recalls
• Negative Sentiment: GM agreed to pay $220 million to 36 states over allegations concerning the handling of drivers’ data, a legal and reputational headwind. GM driver-data settlement
• Negative Sentiment: Citi reduced its General Motors holdings in the third quarter, a potentially unfavorable institutional-investor signal. Citi’s portfolio changes

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Tigress Financial lifted their price target on shares of General Motors from $130.00 to $132.00 and gave the company a "strong-buy" rating in a research report on Wednesday, October 28th. Barclays decreased their price objective on shares of General Motors from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft set a $98.00 target price on shares of General Motors in a research note on Wednesday, October 21st. Morgan Stanley dropped their target price on shares of General Motors from $101.00 to $95.00 and set an "overweight" rating on the stock in a report on Wednesday, October 21st. Finally, Daiwa Securities Group boosted their target price on shares of General Motors from $83.00 to $86.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, General Motors has a consensus rating of "Moderate Buy" and a consensus target price of $101.44.

General Motors Price Performance

NYSE:GM opened at $89.19 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 1.32. The firm has a market cap of $75.24 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 0.52 and a beta of 1.40. General Motors Company has a 12 month low of $67.06 and a 12 month high of $93.70. The company's 50-day moving average price is $83.34 and its two-hundred day moving average price is $80.79.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.01. The company had revenue of $50.02 billion during the quarter, compared to analyst estimates of $48.78 billion. General Motors had a net margin of 2.12% and a return on equity of 19.36%. The company's revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $2.80 earnings per share. On average, equities analysts anticipate that General Motors Company will post 13.37 EPS for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, December 4th. General Motors's dividend payout ratio (DPR) is 16.51%.

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

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.

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