New York State Teachers Retirement System Acquires 16,191 Shares of General Motors Company $GM

New York State Teachers Retirement System boosted its stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 1.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 870,864 shares of the auto manufacturer’s stock after buying an additional 16,191 shares during the period. New York State Teachers Retirement System’s holdings in General Motors were worth $64,879,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GM. Norges Bank acquired a new position in shares of General Motors in the fourth quarter valued at approximately $918,724,000. Viking Global Investors LP raised its holdings in shares of General Motors by 81.1% during the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after acquiring an additional 5,830,050 shares during the period. Life Cycle Investment Partners Ltd bought a new stake in General Motors in the 4th quarter valued at $309,380,000. Two Sigma Investments LP lifted its position in General Motors by 348.4% in the 3rd quarter. Two Sigma Investments LP now owns 3,549,170 shares of the auto manufacturer’s stock valued at $216,393,000 after acquiring an additional 2,757,695 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its stake in General Motors by 436.8% in 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 during the period. Institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In related news, CAO Christopher Hatto sold 6,895 shares of General Motors stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $85.00, for a total transaction of $586,075.00. Following the completion of the sale, the chief accounting officer owned 25,794 shares of the company’s stock, valued at approximately $2,192,490. The trade was a 21.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 215,391 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $80.01, for a total transaction of $17,233,433.91. Following the completion of the transaction, the chief executive officer owned 770,491 shares in the company, valued at approximately $61,646,984.91. This trade represents a 21.85% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 697,388 shares of company stock worth $57,752,596 over the last ninety days. Insiders own 0.54% of the company’s stock.

Key Stories Impacting General Motors

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

General Motors Price Performance

Shares of NYSE GM opened at $76.06 on Friday. 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 business’s 50 day moving average price is $79.08 and its two-hundred day moving average price is $79.30. The company has a market cap of $68.58 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 0.38 and a beta of 1.31. General Motors Company has a twelve month low of $48.87 and a twelve month high of $87.62.

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

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, June 5th. General Motors’s payout ratio is 29.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GM shares. Wedbush reiterated an “outperform” rating and set a $95.00 target price on shares of General Motors in a report on Monday, May 11th. The Goldman Sachs Group cut their price target on General Motors from $104.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. TD Cowen upped their price objective on General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. UBS Group reiterated a “buy” rating on shares of General Motors in a report on Wednesday, June 10th. Finally, Citigroup lifted their target price on General Motors from $108.00 to $131.00 and gave the company a “buy” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.70.

Check Out Our Latest Stock Report on General Motors

About General Motors

(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.

Further Reading

Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors Company (NYSE:GMFree Report) (TSE:GMM.U).

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

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.