Albar Capital Partners LLP Trims Holdings in General Motors Company $GM

Key Points

• Albar Capital Partners LLP significantly reduced its stake in General Motors Company by selling 559,642 shares, translating to a 96.3% decrease, leaving them with 21,685 shares worth approximately $1,020,000.
• Over 92.67% of GM's stock is owned by institutional investors, with several hedge funds recently acquiring new positions in the company during the first quarter.
• General Motors has announced a quarterly dividend of $0.15 per share, with an ex-dividend date set for September 5th, indicating a dividend yield of 1.0%.

Albar Capital Partners LLP trimmed its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 96.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,685 shares of the auto manufacturer's stock after selling 559,642 shares during the quarter. General Motors makes up about 0.5% of Albar Capital Partners LLP's holdings, making the stock its 15th biggest position. Albar Capital Partners LLP's holdings in General Motors were worth $1,020,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vident Advisory LLC grew its position in General Motors by 38.7% in the 1st quarter. Vident Advisory LLC now owns 22,172 shares of the auto manufacturer's stock valued at $1,043,000 after buying an additional 6,190 shares during the last quarter. Canada Pension Plan Investment Board grew its position in General Motors by 50.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,609,851 shares of the auto manufacturer's stock valued at $122,741,000 after buying an additional 877,362 shares during the last quarter. Te Ahumairangi Investment Management Ltd boosted its position in shares of General Motors by 7.3% during the 1st quarter. Te Ahumairangi Investment Management Ltd now owns 91,462 shares of the auto manufacturer's stock worth $4,301,000 after purchasing an additional 6,250 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of General Motors during the 1st quarter worth $34,000. Finally, State of Wyoming purchased a new stake in shares of General Motors during the 1st quarter worth $184,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GM has been the topic of several research analyst reports. Industrial Alliance Securities set a $70.00 target price on shares of General Motors in a research report on Friday, July 11th. Benchmark began coverage on General Motors in a research note on Monday, July 21st. They set a "buy" rating and a $65.00 price target for the company. BNP Paribas raised General Motors to a "strong-buy" rating in a research note on Monday, May 5th. Barclays lifted their price target on General Motors from $45.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Sanford C. Bernstein set a $36.00 price target on General Motors in a research note on Monday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $58.05.

General Motors Trading Down 0.2%

Shares of NYSE GM traded down $0.10 on Tuesday, reaching $58.49. 5,675,491 shares of the company traded hands, compared to its average volume of 11,553,673. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $61.24. The company has a 50 day moving average of $53.73 and a 200 day moving average of $49.68. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $55.69 billion, a PE ratio of 9.28, a P/E/G ratio of 1.24 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The company had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter in the prior year, the company posted $3.06 EPS. The company's quarterly revenue was down 1.8% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, equities research analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. General Motors's payout ratio is presently 9.52%.

Insider Transactions at General Motors

In other General Motors news, CEO Mary T. Barra sold 87,839 shares of the company's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $58.13, for a total value of $5,106,081.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Christopher Hatto sold 14,667 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $59.00, for a total value of $865,353.00. Following the completion of the transaction, the chief accounting officer owned 12,007 shares of the company's stock, valued at approximately $708,413. This represents a 54.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,070,311 shares of company stock worth $62,095,433. 0.54% of the stock is currently owned by company insiders.

About General Motors

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.