Tredje AP fonden Purchases 175,206 Shares of General Motors Company $GM

Tredje AP fonden grew its position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 51.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 515,324 shares of the auto manufacturer’s stock after purchasing an additional 175,206 shares during the period. Tredje AP fonden’s holdings in General Motors were worth $41,906,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of General Motors by 20.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 235,793 shares of the auto manufacturer’s stock valued at $13,502,000 after purchasing an additional 39,650 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of General Motors by 82.0% in the 4th quarter. M&T Bank Corp now owns 72,062 shares of the auto manufacturer’s stock worth $5,860,000 after buying an additional 32,474 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in General Motors by 7.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 194,869 shares of the auto manufacturer’s stock valued at $11,882,000 after buying an additional 14,209 shares during the period. Legacy Capital Group California Inc. increased its holdings in General Motors by 206.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer’s stock worth $1,708,000 after buying an additional 14,150 shares during the last quarter. Finally, Perbak Capital Partners LLP increased its holdings in General Motors by 94.1% during the third quarter. Perbak Capital Partners LLP now owns 47,086 shares of the auto manufacturer’s stock worth $2,871,000 after buying an additional 22,829 shares during the last quarter. 92.67% of the stock is owned by institutional investors.

General Motors News Roundup

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GM. DZ Bank upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research note on Thursday, January 29th. Wells Fargo & Company lifted their price target on shares of General Motors from $57.00 to $59.00 and gave the stock an “underweight” rating in a report on Wednesday, April 29th. Evercore reiterated an “outperform” rating and issued a $100.00 price objective on shares of General Motors in a research note on Monday, May 4th. Wall Street Zen raised General Motors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Wolfe Research raised General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 target price for the company in a research report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $94.65.

Check Out Our Latest Analysis on GM

General Motors Price Performance

GM opened at $73.11 on Tuesday. The firm has a 50-day moving average price of $75.94 and a 200-day moving average price of $77.45. General Motors Company has a twelve month low of $46.81 and a twelve month high of $87.62. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $65.92 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 0.38 and a beta of 1.29.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The company had revenue of $43.62 billion for the quarter, compared to analysts’ expectations of $43.51 billion. During the same period in the prior year, the company posted $2.78 EPS. General Motors’s revenue was down .9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Equities analysts expect that General Motors Company will post 12.85 EPS for the current year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, June 5th. General Motors’s dividend payout ratio (DPR) is presently 29.03%.

General Motors announced that its Board of Directors has initiated a share repurchase program on Tuesday, January 27th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to buy up to 8.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

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.

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

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