CCM Investment Advisers LLC Sells 27,924 Shares of General Motors Company $GM

CCM Investment Advisers LLC reduced its holdings in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 12.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 193,211 shares of the auto manufacturer’s stock after selling 27,924 shares during the period. CCM Investment Advisers LLC’s holdings in General Motors were worth $15,712,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Elevation Wealth Partners LLC raised its holdings in General Motors by 500.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 275 shares during the period. Steigerwald Gordon & Koch Inc. bought a new stake in General Motors during the third quarter valued at about $29,000. Kelleher Financial Advisors bought a new stake in General Motors during the third quarter valued at about $29,000. JPL Wealth Management LLC purchased a new stake in General Motors in the third quarter worth about $32,000. Finally, Armstrong Advisory Group Inc. raised its stake in shares of General Motors by 94.6% in the third quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock worth $33,000 after buying an additional 265 shares during the period. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Performance

NYSE GM opened at $76.41 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.17 and a debt-to-equity ratio of 1.50. General Motors Company has a twelve month low of $41.60 and a twelve month high of $87.62. The business has a 50-day moving average price of $79.39 and a 200-day moving average price of $73.19. The firm has a market cap of $69.07 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 0.41 and a beta of 1.37.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its earnings results 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. General Motors had a return on equity of 14.72% and a net margin of 1.46%.The company 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 company earned $1.92 EPS. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. As a group, equities research analysts predict that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

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

General Motors announced that its Board of Directors has initiated a share repurchase plan on Tuesday, January 27th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to purchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GM. Wedbush lifted their price objective on General Motors from $75.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. TD Cowen reissued a “buy” rating on shares of General Motors in a report on Wednesday, January 28th. Piper Sandler reaffirmed an “overweight” rating and set a $105.00 price target (up from $98.00) on shares of General Motors in a report on Wednesday, January 28th. Evercore upped their price target 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. Finally, Barclays set a $110.00 price objective on shares of General Motors in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.58.

Check Out Our Latest Stock Analysis on GM

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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.

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

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