Focused Alpha LLC Invests $607,000 in General Motors Company $GM

Focused Alpha LLC acquired a new position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,879 shares of the auto manufacturer’s stock, valued at approximately $607,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in General Motors during the 2nd quarter worth $5,958,995,000. Norges Bank bought a new stake in General Motors during the fourth quarter valued at about $918,724,000. Bank of New York Mellon Corp acquired a new stake in shares of General Motors in the second quarter valued at about $522,916,000. Viking Global Investors LP grew its position in shares of General Motors by 81.1% in the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock valued at $640,659,000 after purchasing an additional 5,830,050 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in shares of General Motors in the second quarter worth about $383,939,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GM has been the subject of several recent analyst reports. Jefferies Financial Group upgraded General Motors from a “hold” rating to a “buy” rating and increased their target price for the company from $90.00 to $99.00 in a research note on Monday, July 27th. The Goldman Sachs Group lifted their price target on General Motors from $91.00 to $103.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price objective on General Motors from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Morgan Stanley raised 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. Finally, TD Cowen upped their target price on shares of General Motors from $126.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $101.41.

Insider Transactions at General Motors

In other General Motors news, CEO Mary T. Barra sold 318,448 shares of General Motors stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the sale, the chief executive officer owned 428,994 shares in the company, valued at $38,772,477.72. The trade was a 42.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Mark L. Reuss sold 71,079 shares of General Motors stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $89.97, for a total transaction of $6,394,977.63. Following the sale, the president owned 92,293 shares in the company, valued at $8,303,601.21. This represents a 43.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,247,053 shares of company stock valued at $106,763,425 in the last ninety days. 0.44% of the stock is owned by company insiders.

General Motors Stock Down 2.7%

GM stock opened at $84.45 on Tuesday. General Motors Company has a twelve month low of $54.33 and a twelve month high of $91.85. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42. The company has a market cap of $74.10 billion, a PE ratio of 42.65, a price-to-earnings-growth ratio of 0.40 and a beta of 1.30. The business’s 50-day simple moving average is $81.67 and its 200 day simple moving average is $79.52.

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

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, September 4th. General Motors’s dividend payout ratio is presently 36.36%.

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.