General Motors Company $GM Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co trimmed its stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 17.7% in the third quarter, HoldingsChannel.com reports. The fund owned 62,369 shares of the auto manufacturer’s stock after selling 13,422 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in General Motors were worth $3,803,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GM. Steigerwald Gordon & Koch Inc. acquired a new position in General Motors in the 3rd quarter valued at about $29,000. Armstrong Advisory Group Inc. grew its holdings in shares of General Motors by 94.6% during the third quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock worth $33,000 after buying an additional 265 shares in the last quarter. ESL Trust Services LLC acquired a new position in shares of General Motors in the third quarter valued at approximately $37,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of General Motors in the second quarter valued at approximately $38,000. Finally, MRP Capital Investments LLC lifted its stake in shares of General Motors by 142.9% during the second quarter. MRP Capital Investments LLC now owns 850 shares of the auto manufacturer’s stock valued at $42,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on General Motors from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Evercore raised their price target on General Motors from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of General Motors in a report on Thursday, January 22nd. TD Cowen reissued a “buy” rating on shares of General Motors in a research report on Wednesday, January 28th. Finally, Wedbush upped their price objective on General Motors from $75.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, General Motors currently has a consensus rating of “Moderate Buy” and an average price target of $89.52.

View Our Latest Report on GM

Key General Motors News

Here are the key news stories impacting General Motors this week:

General Motors Stock Performance

GM stock opened at $77.16 on Wednesday. The stock’s 50 day simple moving average is $81.87 and its 200 day simple moving average is $71.41. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50. General Motors Company has a 12-month low of $41.60 and a 12-month high of $87.62. The firm has a market cap of $69.75 billion, a P/E ratio of 25.63, a P/E/G ratio of 0.43 and a beta of 1.37.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.25. General Motors had a return on equity of 14.72% and a net margin of 1.46%.The business had revenue of $45.29 billion for the quarter, compared to analysts’ expectations of $45.81 billion. During the same period in the prior year, the firm earned $1.92 EPS. The business’s quarterly revenue was down 5.1% on a year-over-year basis. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. As a group, equities research analysts predict that General Motors Company will post 11.44 EPS 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 issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from General Motors’s previous quarterly dividend of $0.15. This represents a $0.72 annualized dividend and a yield of 0.9%. General Motors’s dividend payout ratio is currently 19.93%.

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

About General Motors

(Free Report)

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.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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