Perpetual Ltd Has $1.05 Million Stake in General Motors Company $GM

Perpetual Ltd decreased its position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 54.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,962 shares of the auto manufacturer’s stock after selling 15,502 shares during the quarter. Perpetual Ltd’s holdings in General Motors were worth $1,054,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC grew its position in General Motors by 500.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 275 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in shares of General Motors during the 3rd quarter valued at $29,000. Kelleher Financial Advisors acquired a new stake in shares of General Motors in the 3rd quarter valued at $29,000. Founders Capital Management acquired a new stake in shares of General Motors in the 4th quarter valued at $31,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of General Motors in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Up 0.1%

GM opened at $72.58 on Monday. The business has a 50 day moving average of $78.47 and a 200-day moving average of $74.05. The stock has a market capitalization of $65.61 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 0.39 and a beta of 1.34. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50. General Motors Company has a 1-year low of $41.60 and a 1-year high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.25. The business had revenue of $45.29 billion for the quarter, compared to analyst estimates of $45.81 billion. General Motors had a net margin of 1.46% and a return on equity of 14.72%. General Motors’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.92 earnings per share. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. As a group, sell-side analysts anticipate that General Motors Company will post 11.44 earnings per share for the current year.

General Motors announced that its board has authorized a share repurchase program on Tuesday, January 27th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to repurchase up to 8.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, March 6th. This is a positive change from General Motors’s previous quarterly dividend of $0.15. General Motors’s payout ratio is presently 23.92%.

Wall Street Analysts Forecast Growth

GM has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of General Motors from $82.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. Wolfe Research raised General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price target for the company in a research report on Wednesday, March 25th. Citigroup upped their price target on General Motors from $86.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Evercore increased their price objective on General Motors from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Finally, The Goldman Sachs Group set a $104.00 price objective on General Motors in a research note on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.38.

View Our Latest Stock Analysis on GM

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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.

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

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