Caisse DE Depot ET Placement DU Quebec Raises Holdings in General Motors Company $GM

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its holdings in General Motors by 106.2%, now owning 770,767 shares valued at approximately $36.25 million.
• General Motors recently announced a quarterly dividend of $0.15 per share, with a payout ratio of 9.52% and a 1.0% dividend yield.
• Analyst ratings for General Motors show a consensus price target of $58.05, with one analyst giving a "Strong Buy" rating and several others rating it as "Buy" or "Hold".

Caisse DE Depot ET Placement DU Quebec grew its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 106.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 770,767 shares of the auto manufacturer's stock after purchasing an additional 396,907 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.08% of General Motors worth $36,249,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Measured Risk Portfolios Inc. acquired a new position in shares of General Motors in the fourth quarter valued at about $27,000. Costello Asset Management INC acquired a new position in shares of General Motors in the first quarter valued at about $32,000. North Capital Inc. acquired a new position in shares of General Motors in the first quarter valued at about $40,000. SouthState Corp increased its holdings in shares of General Motors by 914.4% in the first quarter. SouthState Corp now owns 984 shares of the auto manufacturer's stock valued at $46,000 after purchasing an additional 887 shares during the period. Finally, Princeton Global Asset Management LLC increased its holdings in shares of General Motors by 141.0% in the first quarter. Princeton Global Asset Management LLC now owns 1,070 shares of the auto manufacturer's stock valued at $50,000 after purchasing an additional 626 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at General Motors

In other General Motors news, EVP Rory Harvey sold 23,977 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the transaction, the executive vice president owned 8,513 shares in the company, valued at approximately $451,274.13. The trade was a 73.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mary T. Barra sold 907,024 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $58.24, for a total value of $52,825,077.76. Following the transaction, the chief executive officer owned 552,238 shares in the company, valued at $32,162,341.12. The trade was a 62.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,070,311 shares of company stock worth $62,095,433 in the last quarter. Company insiders own 0.54% of the company's stock.

General Motors Stock Up 0.3%

NYSE GM traded up $0.15 during trading on Friday, reaching $58.64. 4,971,207 shares of the company's stock were exchanged, compared to its average volume of 6,737,402. The stock has a market cap of $55.83 billion, a P/E ratio of 9.31, a price-to-earnings-growth ratio of 1.23 and a beta of 1.36. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. The company has a 50 day moving average price of $53.53 and a two-hundred day moving average price of $49.58. General Motors Company has a 1 year low of $41.60 and a 1 year high of $61.24.

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

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, September 5th. General Motors's payout ratio is 9.52%.

Analysts Set New Price Targets

GM has been the topic of several analyst reports. Sanford C. Bernstein set a $36.00 target price on General Motors in a report on Monday, May 5th. CLSA raised General Motors to a "moderate buy" rating in a report on Monday, July 7th. Citigroup raised their target price on General Motors from $59.00 to $61.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a report on Friday, July 11th. Finally, Benchmark initiated coverage on General Motors in a report on Monday, July 21st. They set a "buy" rating and a $65.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $58.05.

General Motors Profile

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.