Alberta Investment Management Corp acquired a new stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the second quarter, according to its most recent filing with the SEC. The fund acquired 40,000 shares of the auto manufacturer's stock, valued at approximately $3,083,000.
A number of other large investors have also recently made changes to their positions in the stock. Laurel Wealth Advisors LLC bought a new position in General Motors in the 4th quarter worth about $25,000. Evergreen Advisors LLC purchased a new position in General Motors during the first quarter valued at approximately $26,000. SouthState Bank Corp grew its stake in General Motors by 101.7% during the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer's stock valued at $29,000 after acquiring an additional 177 shares in the last quarter. Kelleher Financial Advisors bought a new stake in General Motors during the 3rd quarter worth approximately $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in General Motors in the 4th quarter worth approximately $30,000. 92.67% of the stock is owned by institutional investors.
Analyst Ratings Changes
GM has been the topic of several recent analyst reports. Jefferies Financial Group upgraded shares of General Motors from a "hold" rating to a "buy" rating and raised their target price for the stock from $90.00 to $99.00 in a report on Monday, July 27th. Citigroup increased their price target on shares of General Motors from $108.00 to $131.00 and gave the company a "buy" rating in a research report on Monday, June 1st. Morgan Stanley raised their price target on shares of General Motors from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $100.00 price objective on shares of General Motors in a research report on Wednesday, July 22nd. Finally, Royal Bank Of Canada increased their target price 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. One 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $101.41.
View Our Latest Stock Analysis on General Motors
Insider Buying and Selling at General Motors
In other news, President Mark L. Reuss sold 71,079 shares of the business's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $89.97, for a total transaction of $6,394,977.63. Following the completion of the sale, the president owned 92,293 shares of the company's stock, valued at $8,303,601.21. The trade was a 43.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Grant Michael Dixton sold 40,000 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $88.44, for a total value of $3,537,600.00. Following the sale, the executive vice president directly owned 54,992 shares of the company's stock, valued at $4,863,492.48. This represents a 42.11% decrease in their position. 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 sold 1,247,053 shares of company stock valued at $106,763,425 in the last quarter. Insiders own 0.44% of the company's stock.
General Motors Trading Down 2.7%
General Motors stock opened at $84.45 on Tuesday. General Motors Company has a 12 month low of $54.33 and a 12 month high of $91.85. The company has a market capitalization of $74.10 billion, a price-to-earnings ratio of 42.65, a price-to-earnings-growth ratio of 0.40 and a beta of 1.30. The business's fifty day simple moving average is $81.67 and its two-hundred day simple moving average is $79.52. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.42.
General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, beating the consensus estimate of $3.19 by $0.38. The company had revenue of $48.03 billion for 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%. General Motors's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, equities analysts predict that General Motors Company will post 13.29 earnings per share for the current fiscal year.
General Motors Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, September 4th. General Motors's payout ratio is 36.36%.
About General Motors
(
Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider General Motors, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and General Motors wasn't on the list.
While General Motors currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
