Accurate Wealth Management LLC Has $939,000 Stake in General Motors Company $GM

Accurate Wealth Management LLC reduced its position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 37.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,328 shares of the auto manufacturer’s stock after selling 6,918 shares during the quarter. Accurate Wealth Management LLC’s holdings in General Motors were worth $939,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GM. Elevation Wealth Partners LLC boosted its holdings in General Motors by 500.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 275 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in shares of General Motors during the 3rd quarter worth approximately $29,000. Kelleher Financial Advisors bought a new position in shares of General Motors during the 3rd quarter worth approximately $29,000. JPL Wealth Management LLC acquired a new stake in General Motors in the 3rd quarter valued at $32,000. Finally, Armstrong Advisory Group Inc. grew its position in General Motors by 94.6% in the third quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock valued at $33,000 after acquiring an additional 265 shares during the period. Institutional investors own 92.67% of the company’s stock.

General Motors Trading Down 3.5%

GM opened at $72.98 on Friday. 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 stock has a market capitalization of $65.97 billion, a PE ratio of 24.25, a PEG ratio of 0.39 and a beta of 1.37. General Motors Company has a 1-year low of $41.60 and a 1-year high of $87.62. The firm has a 50-day moving average price of $79.12 and a two-hundred day moving average price of $73.42.

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

General Motors Increases Dividend

The company 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 positive change from General Motors’s previous quarterly dividend of $0.15. This represents a $0.72 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, March 6th. General Motors’s dividend payout ratio (DPR) is 23.92%.

General Motors announced that its board has authorized a share buyback program on Tuesday, January 27th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to purchase up to 8.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Zacks Research cut General Motors from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Benchmark increased their target price on shares of General Motors from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Mizuho lifted their price target on shares of General Motors from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. UBS Group boosted their price target on shares of General Motors from $97.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of General Motors in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.58.

View Our Latest Research Report on General Motors

General Motors News Roundup

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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.

Further Reading

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

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