California State Teachers Retirement System Has $8.30 Billion Stock Position in General Motors Company $GM

California State Teachers Retirement System boosted its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 7,719.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,671,896 shares of the auto manufacturer's stock after buying an additional 106,294,840 shares during the period. California State Teachers Retirement System owned approximately 12.27% of General Motors worth $8,299,350,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Ameritas Advisory Services LLC raised its stake in General Motors by 162.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 11,269 shares of the auto manufacturer's stock valued at $869,000 after purchasing an additional 6,974 shares during the last quarter. Wedmont Private Capital raised its holdings in General Motors by 3.0% in the 2nd quarter. Wedmont Private Capital now owns 12,364 shares of the auto manufacturer's stock valued at $963,000 after acquiring an additional 358 shares in the last quarter. HB Wealth Management LLC raised its holdings in General Motors by 5.6% in the 2nd quarter. HB Wealth Management LLC now owns 54,135 shares of the auto manufacturer's stock valued at $4,173,000 after acquiring an additional 2,874 shares in the last quarter. Nilsine Partners LLC lifted its position in shares of General Motors by 2.7% in the 2nd quarter. Nilsine Partners LLC now owns 51,088 shares of the auto manufacturer's stock worth $3,938,000 after acquiring an additional 1,366 shares during the period. Finally, Saudi Central Bank lifted its position in shares of General Motors by 83.8% in the 2nd quarter. Saudi Central Bank now owns 63,278 shares of the auto manufacturer's stock worth $4,877,000 after acquiring an additional 28,845 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Christopher Hatto sold 6,895 shares of the company's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $90.00, for a total transaction of $620,550.00. Following the transaction, the chief accounting officer owned 18,899 shares in the company, valued at $1,700,910. This represents a 26.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Grant Dixton sold 40,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $88.44, for a total transaction of $3,537,600.00. Following the sale, the executive vice president directly owned 54,992 shares in the company, valued at approximately $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 a total of 648,904 shares of company stock valued at $57,456,067 over the last three months. Company insiders own 0.44% of the company's stock.

General Motors Trading Down 2.1%

Shares of GM stock opened at $85.90 on Wednesday. General Motors Company has a 12-month low of $54.33 and a 12-month high of $91.85. The firm has a 50-day moving average price of $83.64 and a 200 day moving average price of $79.90. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $75.37 billion, a P/E ratio of 43.38, a P/E/G ratio of 0.50 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, topping the consensus estimate of $3.19 by $0.38. The business had revenue of $48.03 billion for the quarter, compared to the consensus estimate of $47.01 billion. General Motors had a return on equity of 18.18% and a net margin of 1.05%.General Motors's revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Research analysts forecast 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. Stockholders of record on Friday, September 4th will be paid a $0.18 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. General Motors's dividend payout ratio (DPR) is 36.36%.

Wall Street Analysts Forecast Growth

GM has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on General Motors from $60.00 to $61.00 and gave the company an "underweight" rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. raised their target price on General Motors from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada lifted their price target on shares of General Motors from $94.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 22nd. Citigroup boosted their price target on shares of General Motors from $108.00 to $131.00 and gave the company a "buy" rating in a report on Monday, June 1st. Finally, Tigress Financial increased their price objective on shares of General Motors from $92.00 to $130.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $101.41.

About General Motors

General Motors Company NYSE: GM is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM designs, manufactures and sells cars, trucks and sport utility vehicles through its Chevrolet, Buick, GMC and Cadillac brands.

GM's product portfolio includes gasoline-powered and electric vehicles, full-size pickup trucks, commercial vehicles and luxury automobiles. The company is developing battery-electric and other advanced vehicle technologies, while also offering connected-vehicle services through its OnStar platform.

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