Mainstay Capital Management LLC ADV Has $576,000 Stock Position in General Motors Company $GM

Mainstay Capital Management LLC ADV lowered its stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 50.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,451 shares of the auto manufacturer’s stock after selling 9,501 shares during the period. Mainstay Capital Management LLC ADV’s holdings in General Motors were worth $576,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GM. CWM LLC lifted its stake in General Motors by 50.8% in the 3rd quarter. CWM LLC now owns 340,858 shares of the auto manufacturer’s stock valued at $20,782,000 after purchasing an additional 114,756 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of General Motors by 6.2% in the second quarter. Corient Private Wealth LLC now owns 341,426 shares of the auto manufacturer’s stock valued at $16,802,000 after buying an additional 20,017 shares during the last quarter. SteelPeak Wealth LLC bought a new position in shares of General Motors during the 3rd quarter worth approximately $3,411,000. Burney Co. boosted its stake in shares of General Motors by 18.7% during the 3rd quarter. Burney Co. now owns 82,037 shares of the auto manufacturer’s stock worth $5,002,000 after acquiring an additional 12,913 shares during the period. Finally, Permanent Capital Management LP acquired a new position in shares of General Motors during the 3rd quarter worth approximately $1,102,000. 92.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GM shares. Citigroup raised their price target on General Motors from $86.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 12th. Benchmark raised 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. Barclays set a $110.00 target price on shares of General Motors in a report on Wednesday, January 28th. Mizuho increased their price target on shares of General Motors from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Finally, The Goldman Sachs Group set a $104.00 price objective on shares of General Motors in a research report on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $91.39.

View Our Latest Research Report on GM

General Motors Stock Down 0.8%

GM opened at $73.44 on Thursday. The stock has a fifty day moving average of $80.18 and a 200-day moving average of $72.60. The company has a market capitalization of $66.39 billion, a P/E ratio of 24.40, a P/E/G ratio of 0.40 and a beta of 1.37. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $87.62. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.01 and a current ratio of 1.17.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 EPS for the quarter, beating the consensus estimate of $2.26 by $0.25. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The business had revenue of $45.29 billion for the quarter, compared to the consensus estimate of $45.81 billion. During the same period in the prior year, the company posted $1.92 earnings per share. General Motors’s revenue was down 5.1% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. On average, equities analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Increases Dividend

The firm also recently announced 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 is a boost from General Motors’s previous quarterly dividend of $0.15. This represents a $0.72 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, March 6th. General Motors’s payout ratio is 23.92%.

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.

Trending Headlines about General Motors

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General Motors 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.

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

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