Focused Alpha LLC Acquires Shares of 7,879 General Motors Company $GM

Focused Alpha LLC acquired a new stake in General Motors Company (NYSE:GM) (TSE:GMM.U) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,879 shares of the auto manufacturer’s stock, valued at approximately $607,000.

A number of other hedge funds have also modified their holdings of the stock. Laurel Wealth Advisors LLC acquired a new stake in General Motors in the 4th quarter valued at $25,000. Evergreen Advisors LLC acquired a new position in General Motors during the first quarter worth $26,000. SouthState Bank Corp raised its stake in General Motors by 101.7% during the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock worth $29,000 after acquiring an additional 177 shares in the last quarter. Kelleher Financial Advisors bought a new position in shares of General Motors during the third quarter valued at $29,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of General Motors during the fourth quarter valued at $30,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Down 2.7%

Shares of NYSE:GM opened at $84.45 on Tuesday. General Motors Company has a 12 month low of $54.33 and a 12 month high of $91.85. The company’s 50-day moving average price is $81.67 and its two-hundred day moving average price is $79.52. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42. The firm has a market cap of $74.10 billion, a P/E ratio of 42.65, a P/E/G ratio of 0.40 and a beta of 1.30.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.38. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The firm had revenue of $48.03 billion during the quarter, compared to analysts’ expectations of $47.01 billion. During the same quarter last year, the company posted $2.53 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, research analysts forecast that General Motors Company will post 13.29 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 4th. 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 currently 36.36%.

Insiders Place Their Bets

In other General Motors news, EVP Rory Harvey sold 8,882 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $86.95, for a total value of $772,289.90. Following the transaction, the executive vice president directly owned 28,513 shares in the company, valued at approximately $2,479,205.35. This trade represents a 23.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 318,448 shares of General Motors stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $90.38, for a total value of $28,781,330.24. Following the completion of the sale, the chief executive officer directly owned 428,994 shares of the company’s stock, valued at $38,772,477.72. This trade represents a 42.61% decrease in their ownership of the stock. 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 1,247,053 shares of company stock valued at $106,763,425 over the last quarter. Company insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GM shares. Wall Street Zen upgraded shares of General Motors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Wedbush restated an “outperform” rating and issued a $95.00 price target on shares of General Motors in a research report on Monday, May 11th. TD Cowen boosted their target price on General Motors from $126.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Jefferies Financial Group upgraded General Motors from a “hold” rating to a “buy” rating and increased their price target for the stock from $90.00 to $99.00 in a research report on Monday, July 27th. Finally, Barclays raised their price target on General Motors from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.41.

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.