California Public Employees Retirement System Acquires 37,824 Shares of General Motors Company $GM

California Public Employees Retirement System grew its holdings in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,805,133 shares of the auto manufacturer’s stock after acquiring an additional 37,824 shares during the quarter. California Public Employees Retirement System owned 0.19% of General Motors worth $110,059,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Steigerwald Gordon & Koch Inc. bought a new stake in shares of General Motors during the 3rd quarter valued at approximately $29,000. Kelleher Financial Advisors acquired a new position in General Motors during the 3rd quarter worth approximately $29,000. Armstrong Advisory Group Inc. lifted its stake in General Motors by 94.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock valued at $33,000 after purchasing an additional 265 shares during the last quarter. ESL Trust Services LLC bought a new position in shares of General Motors in the 3rd quarter valued at $37,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of General Motors during the 2nd quarter valued at $38,000. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of GM opened at $72.89 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50. The firm’s fifty day simple moving average is $80.51 and its two-hundred day simple moving average is $72.49. General Motors Company has a 12 month low of $41.60 and a 12 month high of $87.62. The stock has a market capitalization of $65.89 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 0.39 and a beta of 1.37.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share for the quarter, topping 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% on a year-over-year basis. During the same period last year, the company posted $1.92 EPS. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. As a group, analysts predict that General Motors Company will post 11.44 EPS for the current year.

General Motors declared that its board has initiated a share buyback plan on Tuesday, January 27th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to buy up to 8.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

General Motors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.0%. This is a boost from General Motors’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 6th. General Motors’s payout ratio is presently 23.92%.

General Motors News Roundup

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

Wall Street Analysts Forecast Growth

GM has been the subject of a number of recent research reports. Mizuho upped their target price on General Motors from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c)” rating on shares of General Motors in a research note on Thursday, January 22nd. 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. Wells Fargo & Company raised their price objective on shares of General Motors from $48.00 to $57.00 and gave the company an “underweight” rating in a report on Wednesday, January 28th. Finally, Evercore lifted their target price on shares of General Motors from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Two investment 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $91.39.

Read Our Latest Stock Report on General Motors

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.

See Also

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

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