Police & Firemen s Retirement System of New Jersey Has $7.23 Million Position in General Motors Company $GM

Police & Firemen s Retirement System of New Jersey raised its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,858 shares of the auto manufacturer’s stock after buying an additional 3,077 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in General Motors were worth $7,227,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Mirova lifted its position in shares of General Motors by 4.1% during the 1st quarter. Mirova now owns 133,969 shares of the auto manufacturer’s stock worth $6,301,000 after buying an additional 5,293 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of General Motors by 6.3% in the second quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer’s stock worth $434,000 after acquiring an additional 526 shares during the last quarter. AustralianSuper Pty Ltd boosted its stake in shares of General Motors by 38.9% in the 1st quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer’s stock valued at $287,428,000 after purchasing an additional 1,712,033 shares in the last quarter. Boston Partners bought a new stake in shares of General Motors during the 1st quarter valued at approximately $719,000. Finally, Malaga Cove Capital LLC acquired a new position in General Motors during the 1st quarter worth approximately $292,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Trading Down 1.9%

NYSE GM opened at $70.52 on Friday. The stock has a market capitalization of $65.79 billion, a P/E ratio of 14.19, a P/E/G ratio of 0.96 and a beta of 1.41. The business has a 50 day simple moving average of $62.61 and a 200 day simple moving average of $55.42. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. General Motors Company has a one year low of $41.60 and a one year high of $72.87.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. The firm had revenue of $48.59 billion for the quarter, compared to analysts’ expectations of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Research analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, December 5th will be paid a $0.15 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.9%. General Motors’s dividend payout ratio (DPR) is currently 12.07%.

Insider Buying and Selling

In other General Motors news, CEO Mary T. Barra sold 907,024 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the completion of the sale, the chief executive officer owned 552,238 shares in the company, valued at approximately $32,162,341.12. The trade was a 62.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Christopher Hatto sold 23,400 shares of General Motors stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.01, for a total value of $1,427,634.00. Following the transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at $732,547.07. This trade represents a 66.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 2,298,064 shares of company stock valued at $138,050,080. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GM. Zacks Research raised General Motors from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. TD Cowen boosted their target price on shares of General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Tigress Financial increased their price objective on General Motors from $88.00 to $92.00 and gave the company a “strong-buy” rating in a report on Friday, October 24th. Weiss Ratings lowered General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research report on Saturday, October 25th. Finally, Piper Sandler set a $66.00 price objective on General Motors and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, General Motors presently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

General Motors Company 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.