MMCAP International Inc. SPC Has $3.52 Million Stake in General Motors Company $GM

MMCAP International Inc. SPC raised its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 35.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,750 shares of the auto manufacturer’s stock after purchasing an additional 15,000 shares during the quarter. MMCAP International Inc. SPC’s holdings in General Motors were worth $3,521,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Intelligence Driven Advisers LLC increased its stake in shares of General Motors by 3.7% in the third quarter. Intelligence Driven Advisers LLC now owns 6,464 shares of the auto manufacturer’s stock valued at $394,000 after buying an additional 229 shares in the last quarter. Alteri Wealth LLC bought a new stake in General Motors during the 3rd quarter worth about $262,000. Vestmark Advisory Solutions Inc. bought a new stake in General Motors during the 3rd quarter worth about $418,000. Bleakley Financial Group LLC increased its position in General Motors by 8.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 18,712 shares of the auto manufacturer’s stock valued at $1,141,000 after acquiring an additional 1,464 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ raised its stake in shares of General Motors by 5.3% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 318,326 shares of the auto manufacturer’s stock worth $19,408,000 after acquiring an additional 15,965 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Zacks Research lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Royal Bank Of Canada lifted their target price on General Motors from $92.00 to $107.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Barclays set a $110.00 target price on General Motors in a research report on Wednesday, January 28th. DZ Bank upgraded General Motors from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Thursday, January 29th. Finally, Piper Sandler reissued an “overweight” rating and set a $105.00 price objective (up from $98.00) on shares of General Motors in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.52.

General Motors Price Performance

Shares of GM opened at $81.44 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50. The stock has a market cap of $73.62 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 0.45 and a beta of 1.36. The stock’s 50-day moving average price is $82.19 and its two-hundred day moving average price is $70.18. General Motors Company has a 1 year low of $41.60 and a 1 year high of $87.62.

General Motors (NYSE:GM) (TSE:GMM.U) last issued 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. The business had revenue of $45.29 billion for the quarter, compared to the consensus estimate of $45.81 billion. General Motors had a return on equity of 14.72% and a net margin of 1.46%.The firm’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.92 EPS. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. On average, equities analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $0.72 annualized dividend and a yield of 0.9%. This is an increase from General Motors’s previous quarterly dividend of $0.15. General Motors’s payout ratio is presently 19.93%.

General Motors declared that its board has initiated a share buyback program on Tuesday, January 27th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the auto manufacturer to repurchase up to 8.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

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.