Choreo LLC cut its position in General Motors Company (NYSE:GM – Free 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 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
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: Deutsche Bank turned bullish on GM, a catalyst cited for the intraday rally as investors respond to renewed analyst optimism. General Motors gains after Deutsche Bank turns bullish
- Positive Sentiment: An analyst note argues GM has the financial “toolkit” to weather an economic slowdown (clean balance sheet, cash flow focus), which supports the case for holding or buying shares. GM has the toolkit to escape an economic slowdown, analyst says
- Positive Sentiment: Product excitement: reports that Chevrolet will revive the Camaro in 2028 could boost consumer interest and brand halo effects — potentially positive for margins if it drives profitable demand. Camaro comeback in 2028 could reignite the muscle car war GM left behind
- Positive Sentiment: Innovation: GM is piloting tech to warn drivers when a truck is loaded incorrectly — a potential value-add for fleet customers and safety-driven cost savings. GM Explores Tech That Warns When You Truck is Loaded the Wrong Way
- Neutral Sentiment: Industry exposure/visibility: GM will be represented at an upcoming US sustainability and supply-chain summit, which signals continued corporate focus but has limited immediate market impact. Industry Leaders Set to Gather in One Week As Final Tickets Remain for The US Summit
- Neutral Sentiment: Wall Street is divided: a 247WallSt piece highlights conflicting analyst views (some bullish, some cautious), which raises volatility risk and means momentum could reverse if skeptics gain traction. General Motors Gets Conflicting Signals From Wall Street: Buy the Dip or Brace for More Pain?
- Negative Sentiment: Labor costs: Silao plant workers approved a wage increase agreement — good for labor relations but likely to add near‑term cost pressure on margins in that region. GM Silao Plant Workers Approve Wage Increase Agreement
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.
See Also
Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.
