General Motors Company $GM Shares Sold by Choreo LLC

Choreo LLC cut its position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 27.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,031 shares of the auto manufacturer’s stock after selling 9,273 shares during the period. Choreo LLC’s holdings in General Motors were worth $1,978,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. CWM LLC boosted its stake in shares of General Motors by 50.8% in the third quarter. CWM LLC now owns 340,858 shares of the auto manufacturer’s stock worth $20,782,000 after buying an additional 114,756 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of General Motors by 6.2% in the second quarter. Corient Private Wealth LLC now owns 341,426 shares of the auto manufacturer’s stock worth $16,802,000 after buying an additional 20,017 shares during the last quarter. SteelPeak Wealth LLC purchased a new stake in shares of General Motors in the third quarter worth about $3,411,000. Burney Co. boosted its stake in shares of General Motors by 18.7% in the third quarter. Burney Co. now owns 82,037 shares of the auto manufacturer’s stock worth $5,002,000 after buying an additional 12,913 shares during the last quarter. Finally, Permanent Capital Management LP purchased a new stake in shares of General Motors in the third quarter worth about $1,102,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Performance

NYSE GM opened at $79.45 on Wednesday. The company has a market cap of $71.82 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 0.41 and a beta of 1.34. The stock’s 50 day simple moving average is $77.30 and its 200-day simple moving average is $74.86. General Motors Company has a 1-year low of $43.76 and a 1-year high of $87.62. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 1.01.

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

General Motors announced that its board has approved a stock repurchase plan on Tuesday, January 27th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

General Motors Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on General Motors from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. TD Cowen restated a “buy” rating on shares of General Motors in a research note on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of General Motors in a research note on Thursday, January 22nd. UBS Group upped their target price on General Motors from $102.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Citigroup upped their target price on General Motors from $86.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.25.

Check Out Our Latest Research Report on GM

Key Stories Impacting General Motors

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General Motors Company Profile

(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.

See Also

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

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