Livforsakringsbolaget Skandia Omsesidigt Boosts Stock Position in General Motors Company $GM

Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 3,444.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 246,711 shares of the auto manufacturer’s stock after acquiring an additional 239,750 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in General Motors were worth $15,037,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in GM. Tiemann Investment Advisors LLC boosted its position in shares of General Motors by 3.1% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 5,045 shares of the auto manufacturer’s stock valued at $308,000 after purchasing an additional 150 shares during the period. Hemington Wealth Management increased its position in General Motors by 14.5% during the third quarter. Hemington Wealth Management now owns 1,219 shares of the auto manufacturer’s stock worth $74,000 after buying an additional 154 shares during the period. Fielder Capital Group LLC lifted its stake in General Motors by 3.3% in the third quarter. Fielder Capital Group LLC now owns 5,131 shares of the auto manufacturer’s stock valued at $313,000 after buying an additional 163 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of General Motors by 3.4% in the third quarter. Resonant Capital Advisors LLC now owns 5,222 shares of the auto manufacturer’s stock valued at $318,000 after acquiring an additional 171 shares during the period. Finally, Unison Advisors LLC boosted its holdings in shares of General Motors by 0.3% in the third quarter. Unison Advisors LLC now owns 68,272 shares of the auto manufacturer’s stock valued at $4,163,000 after acquiring an additional 196 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of GM opened at $74.08 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.17 and a debt-to-equity ratio of 1.50. General Motors Company has a 52-week low of $41.60 and a 52-week high of $87.62. The company has a 50-day simple moving average of $80.35 and a 200-day simple moving average of $72.60. The company has a market capitalization of $66.97 billion, a PE ratio of 24.61, a P/E/G ratio of 0.39 and a beta of 1.37.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share for the quarter, beating the consensus estimate 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%.General Motors’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period last year, the business posted $1.92 EPS. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Equities research analysts predict that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors announced that its board has approved a stock repurchase plan on Tuesday, January 27th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to reacquire up to 8.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

General Motors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from General Motors’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 6th. General Motors’s payout ratio is presently 23.92%.

General Motors News Roundup

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

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Jefferies Financial Group raised their price objective on shares of General Motors from $85.00 to $97.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Benchmark increased their target price on shares of General Motors from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Mizuho raised their price target on General Motors from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Barclays set a $110.00 price target on General Motors in a research report on Wednesday, January 28th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $100.00 price objective on shares of General Motors in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.39.

Check Out Our Latest Analysis on GM

General Motors Company Profile

(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.

See Also

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

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