Crossmark Global Holdings Inc. Grows Stock Holdings in General Motors Company $GM

Crossmark Global Holdings Inc. lifted its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 187,367 shares of the auto manufacturer’s stock after buying an additional 26,217 shares during the period. Crossmark Global Holdings Inc.’s holdings in General Motors were worth $15,237,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new position in shares of General Motors in the fourth quarter worth about $25,000. Elevation Wealth Partners LLC grew its stake in shares of General Motors by 500.0% in the fourth 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 last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in shares of General Motors in the third quarter worth about $29,000. Kelleher Financial Advisors bought a new stake in shares of General Motors in the third quarter worth about $29,000. Finally, Founders Capital Management bought a new stake in shares of General Motors in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and raised their target price for the stock from $83.00 to $90.00 in a research note on Tuesday, April 14th. TD Cowen raised their target price on General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Mizuho cut their target price on General Motors from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Benchmark raised their target price on General Motors from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Finally, Evercore reissued an “outperform” rating and issued a $100.00 target price on shares of General Motors in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $94.65.

General Motors Stock Performance

GM stock opened at $78.77 on Friday. The stock has a market capitalization of $71.02 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 0.40 and a beta of 1.29. General Motors Company has a 12-month low of $46.81 and a 12-month high of $87.62. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. The stock’s 50 day simple moving average is $76.32 and its 200 day simple moving average is $77.00.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $1.09. The business had revenue of $43.62 billion for the quarter, compared to analysts’ expectations of $43.51 billion. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.78 EPS. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, research analysts forecast that General Motors Company will post 12.73 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, June 5th. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. General Motors’s payout ratio is currently 29.03%.

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

More General Motors News

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

• Positive Sentiment: Analysts and media commentary highlighted GM’s strong Q1 results and said the company has outperformed Ford on performance and strategy, which supports the stock’s longer-term case. Jim Cramer Reveals Why General Motors (GM) Is Better Than Ford
• Positive Sentiment: GM also received a price target boost to $126 after reporting strong quarterly results, reinforcing investor optimism around earnings momentum. General Motors (GM) Reports Strong Q1 Results, Gets Price Target Boosted to $126

General Motors Company Profile

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.