MMCAP International Inc. SPC Acquires 15,000 Shares of General Motors Company $GM

MMCAP International Inc. SPC boosted its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 35.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,750 shares of the auto manufacturer’s stock after purchasing an additional 15,000 shares during the period. MMCAP International Inc. SPC’s holdings in General Motors were worth $3,521,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of General Motors by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock valued at $5,450,485,000 after acquiring an additional 11,418,367 shares in the last quarter. Norges Bank bought a new position in General Motors in the second quarter valued at approximately $444,319,000. Viking Global Investors LP increased its position in shares of General Motors by 81.1% during 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. Worldquant Millennium Advisors LLC raised its stake in shares of General Motors by 436.8% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer’s stock worth $130,826,000 after purchasing an additional 2,163,274 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of General Motors by 125.9% in the 2nd quarter. Marshall Wace LLP now owns 3,699,220 shares of the auto manufacturer’s stock valued at $182,039,000 after buying an additional 2,061,712 shares during the last quarter. 92.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

GM has been the subject of a number of recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $105.00 price target (up previously from $98.00) on shares of General Motors in a research note on Wednesday, January 28th. DZ Bank upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Thursday, January 29th. Wall Street Zen downgraded General Motors from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. Zacks Research cut General Motors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Finally, Mizuho boosted their target price on General Motors from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, General Motors currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.52.

General Motors Stock Performance

Shares of NYSE GM opened at $81.44 on Monday. 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 firm has a market cap of $73.62 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 0.45 and a beta of 1.36. The stock’s fifty day moving average price is $82.19 and its two-hundred day moving average price is $70.18. General Motors Company has a one year low of $41.60 and a one year high of $87.62.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.25. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The company had revenue of $45.29 billion during the quarter, compared to analysts’ expectations of $45.81 billion. During the same quarter in the previous year, the business posted $1.92 earnings per share. General Motors’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. On average, equities analysts forecast that General Motors Company will post 11.44 EPS for the current year.

General Motors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be given a $0.18 dividend. The ex-dividend date is Friday, March 6th. This is a positive change from General Motors’s previous quarterly dividend of $0.15. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. General Motors’s dividend payout ratio (DPR) is presently 19.93%.

General Motors declared that its Board of Directors has authorized a stock buyback plan on Tuesday, January 27th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are 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.