Wedge Capital Management L L P NC Sells 144,819 Shares of General Motors Company $GM

Wedge Capital Management L L P NC trimmed its holdings in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 25.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 417,564 shares of the auto manufacturer’s stock after selling 144,819 shares during the quarter. Wedge Capital Management L L P NC’s holdings in General Motors were worth $33,956,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GM. Elevation Wealth Partners LLC raised its holdings in shares of 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 during the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in General Motors in the third quarter worth approximately $29,000. Kelleher Financial Advisors bought a new stake in General Motors in the 3rd quarter worth approximately $29,000. JPL Wealth Management LLC bought a new stake in General Motors in the 3rd quarter worth approximately $32,000. Finally, Armstrong Advisory Group Inc. raised its stake in General Motors by 94.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock valued at $33,000 after buying an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GM shares. Barclays set a $110.00 price target on General Motors in a research note on Wednesday, January 28th. UBS Group upped their price objective on General Motors from $97.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Jefferies Financial Group raised their target price on General Motors from $85.00 to $97.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Citigroup boosted their price target on General Motors from $86.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Finally, Mizuho upped their price target on shares of General Motors from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Two equities research 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 given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.58.

View Our Latest Stock Analysis on GM

General Motors News Roundup

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

General Motors Trading Down 3.5%

Shares of GM stock opened at $72.98 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 1.01. The company has a market cap of $65.97 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 0.41 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 fifty day moving average price of $79.12 and a 200-day moving average price of $73.31.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share 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 period in the previous year, the business earned $1.92 earnings per share. General Motors’s quarterly revenue was down 5.1% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. As a group, equities analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors announced that its board has approved a share repurchase program on Tuesday, January 27th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to reacquire up to 8.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, March 6th. This is an increase from General Motors’s previous quarterly dividend of $0.15. General Motors’s payout ratio is presently 23.92%.

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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