General Motors Company $GM Stake Boosted by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP increased its General Motors stake by 18.6% in the second quarter, purchasing 202,057 additional shares and bringing its holdings to 1.29 million shares valued at approximately $99.4 million. Institutional investors collectively own 92.67% of GM.
• GM exceeded quarterly expectations, reporting $3.57 in EPS versus the $3.19 consensus and $48.03 billion in revenue. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $101.41.
• General Motors declared a quarterly dividend of $0.18 per share, equivalent to a $0.72 annualized payout and a 0.8% yield. Meanwhile, CEO Mary Barra and President Mark Reuss sold shares under pre-arranged Rule 10b5-1 trading plans.

Engineers Gate Manager LP increased its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 18.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,290,019 shares of the auto manufacturer's stock after acquiring an additional 202,057 shares during the period. General Motors comprises approximately 1.3% of Engineers Gate Manager LP's portfolio, making the stock its 4th biggest holding. Engineers Gate Manager LP owned about 0.15% of General Motors worth $99,435,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tsfg LLC increased its position in General Motors by 5.7% during the fourth quarter. Tsfg LLC now owns 2,241 shares of the auto manufacturer's stock worth $182,000 after buying an additional 120 shares during the last quarter. Sumitomo Life Insurance Co. boosted its holdings in General Motors by 0.7% during the fourth quarter. Sumitomo Life Insurance Co. now owns 19,477 shares of the auto manufacturer's stock valued at $1,584,000 after acquiring an additional 127 shares during the period. UMB Bank n.a. increased its position in General Motors by 2.0% in the 4th quarter. UMB Bank n.a. now owns 6,887 shares of the auto manufacturer's stock worth $560,000 after buying an additional 136 shares during the period. Waddell & Associates LLC lifted its holdings in shares of General Motors by 1.3% during the fourth quarter. Waddell & Associates LLC now owns 10,737 shares of the auto manufacturer's stock worth $873,000 after buying an additional 137 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of General Motors by 0.9% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 15,043 shares of the auto manufacturer's stock worth $1,223,000 after acquiring an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Price Performance

GM opened at $85.90 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.14 and a quick ratio of 0.97. The stock has a market capitalization of $75.37 billion, a P/E ratio of 43.38, a price-to-earnings-growth ratio of 0.50 and a beta of 1.32. The company's 50 day simple moving average is $83.64 and its 200-day simple moving average is $79.90. General Motors Company has a one year low of $54.33 and a one year high of $91.85.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.38. The business had revenue of $48.03 billion for the quarter, compared to analysts' expectations of $47.01 billion. General Motors had a return on equity of 18.18% and a net margin of 1.05%.The firm's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.53 earnings per share. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Sell-side analysts anticipate that General Motors Company will post 13.29 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, September 4th. General Motors's dividend payout ratio (DPR) is currently 36.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GM shares. Citigroup lifted their price target on shares of General Motors from $108.00 to $131.00 and gave the stock a "buy" rating in a research note on Monday, June 1st. Benchmark reissued a "buy" rating on shares of General Motors in a report on Tuesday, July 21st. Morgan Stanley upped their price objective on shares of General Motors from $100.00 to $101.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 22nd. Wells Fargo & Company lifted their target price on shares of General Motors from $60.00 to $61.00 and gave the company an "underweight" rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of General Motors in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $101.41.

Insiders Place Their Bets

In other General Motors news, President Mark L. Reuss sold 71,079 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $89.97, for a total value of $6,394,977.63. Following the transaction, the president owned 92,293 shares of the company's stock, valued at approximately $8,303,601.21. This represents a 43.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 318,448 shares of the firm's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $90.38, for a total value of $28,781,330.24. Following the transaction, the chief executive officer owned 428,994 shares in the company, valued at approximately $38,772,477.72. This trade represents a 42.61% 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 648,904 shares of company stock worth $57,456,067 over the last three months. Insiders own 0.44% of the company's stock.

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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