General Motors Company $GM Position Reduced by Ervin Investment Management LLC

Ervin Investment Management LLC trimmed its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 73,966 shares of the auto manufacturer’s stock after selling 6,570 shares during the quarter. General Motors makes up 3.4% of Ervin Investment Management LLC’s portfolio, making the stock its 9th biggest holding. Ervin Investment Management LLC’s holdings in General Motors were worth $6,015,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Kentucky Trust Co boosted its position in General Motors by 5.1% during the fourth quarter. Kentucky Trust Co now owns 2,944 shares of the auto manufacturer’s stock worth $239,000 after purchasing an additional 144 shares in the last quarter. Tiemann Investment Advisors LLC boosted its position in General Motors by 3.1% during the third quarter. Tiemann Investment Advisors LLC now owns 5,045 shares of the auto manufacturer’s stock worth $308,000 after purchasing an additional 150 shares in the last quarter. Hemington Wealth Management boosted its position in General Motors by 14.5% during the third quarter. Hemington Wealth Management now owns 1,219 shares of the auto manufacturer’s stock worth $74,000 after purchasing an additional 154 shares in the last quarter. Fielder Capital Group LLC boosted its position in General Motors by 3.3% during the third quarter. Fielder Capital Group LLC now owns 5,131 shares of the auto manufacturer’s stock worth $313,000 after purchasing an additional 163 shares in the last quarter. Finally, Resonant Capital Advisors LLC raised its holdings in shares of General Motors by 3.4% in the third quarter. Resonant Capital Advisors LLC now owns 5,222 shares of the auto manufacturer’s stock worth $318,000 after acquiring an additional 171 shares during the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GM shares. Piper Sandler reissued an “overweight” rating and issued a $105.00 price target (up from $98.00) on shares of General Motors in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft boosted their price target on General Motors from $82.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. Morgan Stanley reissued an “overweight” rating and issued a $100.00 price target on shares of General Motors in a 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 report on Wednesday, March 25th. Finally, Barclays cut their price target on General Motors from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, March 30th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.38.

General Motors Stock Performance

General Motors stock opened at $76.76 on Tuesday. The firm has a market capitalization of $69.39 billion, a P/E ratio of 25.50, a PEG ratio of 0.41 and a beta of 1.34. The stock has a fifty day moving average price of $77.42 and a 200 day moving average price of $74.73. General Motors Company has a 52 week low of $43.11 and a 52 week high of $87.62. 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 (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 EPS for the quarter, beating the consensus estimate of $2.26 by $0.25. The firm had revenue of $45.29 billion during the quarter, compared to analyst estimates of $45.81 billion. General Motors had a return on equity of 14.72% and a net margin of 1.46%.The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.92 earnings per share. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Equities research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, March 6th were paid a dividend of $0.18 per share. This is a boost from General Motors’s previous quarterly dividend of $0.15. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, March 6th. General Motors’s payout ratio is currently 23.92%.

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

About General Motors

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.