General Motors Company $GM Shares Sold by Aberdeen Group plc

Aberdeen Group plc trimmed its stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 7.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,789,367 shares of the auto manufacturer’s stock after selling 149,683 shares during the period. Aberdeen Group plc owned about 0.19% of General Motors worth $109,366,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of GM. Brighton Jones LLC grew its holdings in General Motors by 456.1% in the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after purchasing an additional 31,755 shares during the last quarter. Sivia Capital Partners LLC boosted its position in shares of General Motors by 61.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock worth $913,000 after buying an additional 7,058 shares in the last quarter. Private Trust Co. NA grew its stake in General Motors by 4.8% in the 2nd quarter. Private Trust Co. NA now owns 5,519 shares of the auto manufacturer’s stock valued at $272,000 after acquiring an additional 253 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in General Motors during the 2nd quarter valued at about $47,095,000. Finally, International Assets Investment Management LLC raised its position in General Motors by 3.2% during the second quarter. International Assets Investment Management LLC now owns 11,960 shares of the auto manufacturer’s stock worth $589,000 after acquiring an additional 368 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. DZ Bank raised shares of General Motors from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research note on Thursday, January 29th. Zacks Research downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Mizuho boosted their price target on General Motors from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Wells Fargo & Company increased their price objective on General Motors from $48.00 to $57.00 and gave the company an “underweight” rating in a research note on Wednesday, January 28th. Finally, Argus set a $78.00 price objective on General Motors in a research report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.52.

Check Out Our Latest Report on General Motors

General Motors Stock Performance

Shares of GM stock opened at $81.00 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.01 and a current ratio of 1.17. The firm has a market capitalization of $73.22 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 0.44 and a beta of 1.36. General Motors Company has a one year low of $41.60 and a one year high of $87.62. The company has a 50 day moving average price of $81.92 and a 200 day moving average price of $69.16.

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

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be issued a $0.18 dividend. This is a positive change from General Motors’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. General Motors’s dividend payout ratio (DPR) is 19.93%.

General Motors declared that its Board of Directors has authorized a share repurchase plan on Tuesday, January 27th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the auto manufacturer to purchase up to 8.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Key General Motors News

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

General Motors 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.

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

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