General Motors Company $GM Shares Sold by Huber Capital Management LLC

Huber Capital Management LLC lessened its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 22.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,735 shares of the auto manufacturer’s stock after selling 30,000 shares during the period. Huber Capital Management LLC’s holdings in General Motors were worth $6,447,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of General Motors by 11.5% during the second quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock worth $5,450,485,000 after purchasing an additional 11,418,367 shares during the period. Franklin Resources Inc. lifted its holdings in General Motors by 3.3% in the third quarter. Franklin Resources Inc. now owns 31,322,758 shares of the auto manufacturer’s stock worth $1,909,748,000 after acquiring an additional 989,189 shares during the last quarter. Capital World Investors grew its holdings in shares of General Motors by 8.2% during the third quarter. Capital World Investors now owns 18,130,519 shares of the auto manufacturer’s stock valued at $1,105,420,000 after purchasing an additional 1,366,467 shares during the last quarter. Viking Global Investors LP lifted its holdings in shares of General Motors by 81.1% in the 2nd quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after purchasing an additional 5,830,050 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in General Motors by 0.5% during the 2nd quarter. Legal & General Group Plc now owns 10,143,779 shares of the auto manufacturer’s stock valued at $499,175,000 after purchasing an additional 54,853 shares during the period. 92.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GM. Royal Bank Of Canada raised 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. Citigroup boosted their target price on shares of General Motors from $86.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Barclays set a $110.00 price target on shares of General Motors in a research note on Wednesday, January 28th. Evercore lifted their price target on General Motors from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Finally, JPMorgan Chase & Co. raised their target price on General Motors from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Two investment 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.39.

General Motors Price Performance

Shares of General Motors stock traded down $0.50 on Friday, hitting $72.95. The company had a trading volume of 498,697 shares, compared to its average volume of 8,512,753. General Motors Company has a 52 week low of $41.60 and a 52 week high of $87.62. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 1.01. The company has a market cap of $65.94 billion, a PE ratio of 24.21, a PEG ratio of 0.40 and a beta of 1.37. The business has a 50-day simple moving average of $80.89 and a 200-day simple moving average of $72.10.

General Motors (NYSE:GM) (TSE:GMM.U) last released its 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. The firm had revenue of $45.29 billion during 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 for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.92 earnings per share. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Research analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be issued a dividend of $0.18 per share. 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 dividend on an annualized basis and a yield of 1.0%. General Motors’s dividend payout ratio is presently 23.92%.

General Motors declared that its Board of Directors 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 buy up to 8.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

General Motors Company Profile

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.