Arizona State Retirement System Sells 13,417 Shares of General Motors Company $GM

Key Points

• Arizona State Retirement System trimmed its stake in General Motors by 4.8%, selling 13,417 shares in Q4 and ending the period with 267,355 shares valued at $21.741 million.
• GM's board authorized a $6.00 billion share buyback (up to 8.1% of outstanding shares) and raised the quarterly dividend to $0.18 (annualized $0.72, yield 0.9%), signaling shareholder-return focus.
• Analysts have a consensus rating of Moderate Buy with a $91.25 target; GM beat EPS expectations recently but reported lower revenue and faces headwinds from scrutiny over its Ultium battery strategy and pauses on next‑gen full‑size EV trucks.

Arizona State Retirement System reduced its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 4.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 267,355 shares of the auto manufacturer's stock after selling 13,417 shares during the period. Arizona State Retirement System's holdings in General Motors were worth $21,741,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Franklin Resources Inc. boosted its holdings in shares of General Motors by 3.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,322,758 shares of the auto manufacturer's stock valued at $1,909,748,000 after buying an additional 989,189 shares in the last quarter. Capital World Investors grew its stake in shares of General Motors by 8.2% during the third quarter. Capital World Investors now owns 18,130,519 shares of the auto manufacturer's stock worth $1,105,420,000 after acquiring an additional 1,366,467 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of General Motors by 5.5% during the third quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer's stock valued at $868,986,000 after acquiring an additional 748,831 shares in the last quarter. Viking Global Investors LP increased its holdings in shares of General Motors by 81.1% during the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer's stock valued at $640,659,000 after acquiring an additional 5,830,050 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of General Motors by 5.3% during the third quarter. Ameriprise Financial Inc. now owns 6,001,245 shares of the auto manufacturer's stock valued at $365,897,000 after acquiring an additional 302,140 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

Key General Motors News

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

• Positive Sentiment: Zacks highlights GM as a “strong value stock,” arguing valuation metrics and analyst coverage support upside for value‑oriented investors. Here's Why General Motors (GM) is a Strong Value Stock
• Positive Sentiment: GM reached a renewable energy milestone across U.S. operations, supporting ESG credentials and potentially lowering operating costs over time. GM Reaches Renewable Energy Milestone Across US Operations
• Neutral Sentiment: GM says it still backs its 6.2‑liter V8 recall fix and is directing owners to 10‑year coverage — reassuring for owners but a potential cost overhang. GM Says It Still Backs Its 6.2-Liter V8 Recall Fix and Points Owners to 10-Year Coverage
• Neutral Sentiment: Several analyst pieces and comparison stories (Zacks, Yahoo) examine GM vs. Tesla and Q1 expectations — useful context but not immediate catalysts. Tesla Vs GM: Which is the Best Investment as the Q1 Earnings Season Heats Up?
• Neutral Sentiment: Human‑interest and nonfinancial items (e.g., Rick Hendrick’s purchase of a GM military vehicle) are noise for investors. Why NASCAR legend Rick Hendrick spent $1M on a GM military vehicle
• Negative Sentiment: Reports that CEO Mary Barra and other top execs’ bonuses weren’t reduced due to tariff impacts and coverage of Barra’s ~$29.9M pay package have raised governance scrutiny that could pressure investor sentiment. GM CEO Mary Barra’s $29.9 Million Payday Raises Eyebrows as Executive Pay Climbs Across Detroit
• Negative Sentiment: Coverage says GM is “done with Ultium,” signaling a material setback in its proprietary battery strategy and raising questions about future EV cost competitiveness. General Motors is done with Ultium: Here's why it couldn't be saved
• Negative Sentiment: Multiple outlets report GM halted next‑generation full‑size EV trucks and is refocusing on hybrid pickups — a near‑term margin/complexity play that undermines EV leadership narrative and likely weighs on valuation multiples tied to growth/EV optionality. GM puts next-generation full-size EV trucks and SUVs on ice

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Barclays cut their price objective on shares of General Motors from $110.00 to $105.00 and set an "overweight" rating on the stock in a report on Monday, March 30th. Citigroup upped their price objective on shares of General Motors from $86.00 to $98.00 and gave the company a "buy" rating in a report on Monday, January 12th. Zacks Research downgraded shares of General Motors from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 27th. Wells Fargo & Company upped their price objective on shares of General Motors from $48.00 to $57.00 and gave the company an "underweight" rating in a report on Wednesday, January 28th. Finally, Benchmark upped their price objective on shares of General Motors from $65.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.25.

General Motors Trading Down 0.6%

General Motors stock opened at $78.06 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50. General Motors Company has a 12 month low of $44.72 and a 12 month high of $87.62. The stock's 50 day simple moving average is $76.84 and its two-hundred day simple moving average is $75.70. The firm has a market cap of $70.57 billion, a PE ratio of 25.93, a P/E/G ratio of 0.44 and a beta of 1.34.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, January 27th. The auto manufacturer reported $2.51 EPS for the quarter, topping the consensus estimate of $2.26 by $0.25. General Motors had a return on equity of 14.72% and a net margin of 1.46%.The business had revenue of $45.29 billion for the quarter, compared to analyst estimates of $45.81 billion. During the same quarter in the prior year, the firm posted $1.92 EPS. The business's quarterly revenue was down 5.1% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Analysts anticipate that General Motors Company will post 12.43 earnings per share for the current year.

General Motors declared that its Board of Directors has initiated a share repurchase plan on Tuesday, January 27th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the auto manufacturer to buy up to 8.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, March 6th were given a $0.18 dividend. The ex-dividend date was Friday, March 6th. This represents a $0.72 annualized dividend and a yield of 0.9%. This is a boost from General Motors's previous quarterly dividend of $0.15. General Motors's payout ratio is currently 23.92%.

About General Motors

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.

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