General Motors Company $GM Holdings Cut by Retirement Systems of Alabama

Retirement Systems of Alabama cut its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 17.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 653,885 shares of the auto manufacturer’s stock after selling 134,111 shares during the period. Retirement Systems of Alabama’s holdings in General Motors were worth $50,349,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GM. Avior Wealth Management LLC raised its position in shares of General Motors by 2.6% during the 3rd quarter. Avior Wealth Management LLC now owns 5,251 shares of the auto manufacturer’s stock valued at $404,000 after buying an additional 134 shares during the period. Bogart Wealth LLC grew its position in General Motors by 17.0% in the second quarter. Bogart Wealth LLC now owns 949 shares of the auto manufacturer’s stock worth $73,000 after acquiring an additional 138 shares during the period. Richardson Financial Services Inc. increased its stake in General Motors by 75.7% during the third quarter. Richardson Financial Services Inc. now owns 325 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 140 shares during the last quarter. Intelligence Driven Advisers LLC increased its stake in General Motors by 2.0% during the third quarter. Intelligence Driven Advisers LLC now owns 7,236 shares of the auto manufacturer’s stock worth $557,000 after acquiring an additional 143 shares during the last quarter. Finally, Childress Capital Advisors LLC raised its position in General Motors by 2.8% in the third quarter. Childress Capital Advisors LLC now owns 5,288 shares of the auto manufacturer’s stock valued at $407,000 after purchasing an additional 143 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Trading Down 1.0%

Shares of NYSE GM opened at $88.71 on Wednesday. General Motors Company has a twelve month low of $67.06 and a twelve month high of $93.70. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 1.32. The stock has a fifty day simple moving average of $83.46 and a 200-day simple moving average of $80.91. The stock has a market capitalization of $74.83 billion, a PE ratio of 20.35, a PEG ratio of 0.51 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.01. General Motors had a return on equity of 19.36% and a net margin of 2.12%. The firm had revenue of $50.02 billion for the quarter, compared to analyst estimates of $48.78 billion. During the same quarter in the prior year, the company earned $2.80 EPS. General Motors’s revenue was up 2.9% on a year-over-year basis. On average, equities analysts forecast that General Motors Company will post 13.36 earnings per share for the current year.

General Motors announced that its board has initiated a share buyback program on Tuesday, October 20th that allows the company to buy back $20 billion in shares. This buyback authorization allows the auto manufacturer to reacquire up to 27.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, December 4th. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. General Motors’s dividend payout ratio is 16.51%.

Insider Transactions at General Motors

In other news, EVP Rory Harvey sold 16,513 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $89.64, for a total transaction of $1,480,225.32. Following the sale, the executive vice president owned 12,000 shares of the company’s stock, valued at approximately $1,075,680. This represents a 57.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on GM. UBS Group reduced their target price on General Motors from $112.00 to $109.00 and set a “buy” rating on the stock in a research report on Wednesday, October 21st. Weiss Ratings raised General Motors from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. Morgan Stanley reduced their price objective on shares of General Motors from $101.00 to $95.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Daiwa Securities Group upped their target price on shares of General Motors from $83.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group lowered their target price on shares of General Motors from $112.00 to $96.00 and set a “buy” rating for the company in a research note on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.44.

More General Motors News

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

• Positive Sentiment: GM is expanding recurring digital revenue through OnStar and Super Cruise subscriptions. A newly announced in-car AI assistant could also strengthen its technology offering, though adoption and revenue impact remain to be seen. Can OnStar and Super Cruise Drive GM’s Digital Revenue Growth? GM’s new in-car AI assistant
• Positive Sentiment: GM’s next-generation 2027 Chevrolet Silverado and GMC Sierra pickups, with upgraded engines and premium trims, could support a richer sales mix and profitability. Can GM’s Next-Generation Pickups Support Growth in 2027?
• Positive Sentiment: GM’s investment activity alongside Honda reflects automakers’ renewed interest in hybrids, potentially giving GM another way to address consumer demand as powertrain preferences evolve. GM, Honda Investments Reflect Rising Interest In Hybrids
• Neutral Sentiment: GM is revamping its CarBravo certified-used program to persuade some used-car shoppers to consider new vehicles. The strategy could help new-car sales, but higher prices remain a hurdle for buyers. How GM is trying to talk used car shoppers into buying new vehicles
• Negative Sentiment: GM is recalling 67,380 electric vehicles after software could briefly interrupt low-speed braking. Another report cites more than 87,000 recalled vehicles; the safety issue and potential repair costs add a near-term risk, although the articles do not quantify the financial impact. GM Recalls Over 67,000 EVs For Brake Glitch GM recalls more than 87,000 vehicles

General Motors Profile

General Motors Company designs, manufactures and sells cars, trucks, crossovers and sport utility vehicles. Its vehicle brands include Chevrolet, Buick, GMC and Cadillac, and its offerings also include vehicle parts, software and related services. GM Financial provides automotive financing and leasing products to customers and dealers. Founded in 1908, General Motors is headquartered in Detroit, Michigan. The company serves customers in North America and international markets, with operations and sales spanning multiple regions.