Retirement Systems of Alabama Sells 134,111 Shares of General Motors Company $GM

Retirement Systems of Alabama lowered its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 17.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 653,885 shares of the auto manufacturer’s stock after selling 134,111 shares during the period. Retirement Systems of Alabama owned about 0.08% of General Motors worth $50,349,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in General Motors in the 2nd quarter valued at about $5,958,995,000. Dimensional Fund Advisors LP boosted its holdings in General Motors by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,225,518 shares of the auto manufacturer’s stock worth $1,059,668,000 after buying an additional 77,100 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in General Motors by 1.2% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,559,990 shares of the auto manufacturer’s stock worth $659,804,000 after buying an additional 101,885 shares during the last quarter. Bank of America Corp DE acquired a new stake in General Motors in the 2nd quarter worth about $629,465,000. Finally, Legal & General Group Plc purchased a new stake in General Motors during the 2nd quarter worth approximately $599,066,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In related news, EVP Rory Harvey sold 16,513 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $89.64, for a total value of $1,480,225.32. Following the completion of the sale, the executive vice president owned 12,000 shares of the company’s stock, valued at approximately $1,075,680. This trade represents a 57.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on GM. The Goldman Sachs Group reduced their target price on General Motors from $112.00 to $96.00 and set a “buy” rating for the company in a report on Wednesday, October 21st. Wells Fargo & Company lifted their price target on General Motors from $60.00 to $61.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded General Motors from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. Daiwa Securities Group boosted their price target on General Motors from $83.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Royal Bank Of Canada reduced their price objective on General Motors from $102.00 to $98.00 and set an “outperform” rating for the company in a research note on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, General Motors presently has an average rating of “Moderate Buy” and an average price target of $101.44.

Key Stories Impacting General Motors

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

• Positive Sentiment: GM is expanding recurring digital revenue through OnStar and Super Cruise subscriptions. A newly announced in-car AI assistant could also strengthen its technology offering, though adoption and revenue impact remain to be seen. Can OnStar and Super Cruise Drive GM’s Digital Revenue Growth? GM’s new in-car AI assistant
• Positive Sentiment: GM’s next-generation 2027 Chevrolet Silverado and GMC Sierra pickups, with upgraded engines and premium trims, could support a richer sales mix and profitability. Can GM’s Next-Generation Pickups Support Growth in 2027?
• Positive Sentiment: GM’s investment activity alongside Honda reflects automakers’ renewed interest in hybrids, potentially giving GM another way to address consumer demand as powertrain preferences evolve. GM, Honda Investments Reflect Rising Interest In Hybrids
• Neutral Sentiment: GM is revamping its CarBravo certified-used program to persuade some used-car shoppers to consider new vehicles. The strategy could help new-car sales, but higher prices remain a hurdle for buyers. How GM is trying to talk used car shoppers into buying new vehicles
• Negative Sentiment: GM is recalling 67,380 electric vehicles after software could briefly interrupt low-speed braking. Another report cites more than 87,000 recalled vehicles; the safety issue and potential repair costs add a near-term risk, although the articles do not quantify the financial impact. GM Recalls Over 67,000 EVs For Brake Glitch GM recalls more than 87,000 vehicles

General Motors Stock Performance

NYSE:GM opened at $88.71 on Wednesday. The company has a market cap of $74.83 billion, a P/E ratio of 20.35, a P/E/G ratio of 0.51 and a beta of 1.40. General Motors Company has a twelve month low of $67.06 and a twelve month high of $93.70. The company’s 50-day moving average price is $83.46 and its 200-day moving average price is $80.91. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 1.32.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.01. The company had revenue of $50.02 billion during the quarter, compared to analysts’ expectations of $48.78 billion. General Motors had a net margin of 2.12% and a return on equity of 19.36%. General Motors’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.80 EPS. On average, sell-side analysts forecast that General Motors Company will post 13.36 earnings per share for the current fiscal year.

General Motors announced that its Board of Directors has initiated a stock buyback plan on Tuesday, October 20th that authorizes the company to repurchase $20 billion in shares. This repurchase authorization authorizes the auto manufacturer to buy up to 27.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, December 4th. General Motors’s payout ratio is currently 16.51%.

About General Motors

General Motors Company designs, manufactures and sells cars, trucks, crossovers and sport utility vehicles. Its vehicle brands include Chevrolet, Buick, GMC and Cadillac, and its offerings also include vehicle parts, software and related services. GM Financial provides automotive financing and leasing products to customers and dealers. Founded in 1908, General Motors is headquartered in Detroit, Michigan. The company serves customers in North America and international markets, with operations and sales spanning multiple regions.