MMCAP International Inc. SPC Has $5.40 Million Stock Holdings in General Motors Company $GM

MMCAP International Inc. SPC lifted its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 14.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,338 shares of the auto manufacturer’s stock after purchasing an additional 8,588 shares during the period. MMCAP International Inc. SPC’s holdings in General Motors were worth $5,395,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. M&T Bank Corp raised its position in shares of General Motors by 82.0% during the fourth quarter. M&T Bank Corp now owns 72,062 shares of the auto manufacturer’s stock worth $5,860,000 after purchasing an additional 32,474 shares during the period. Legacy Capital Group California Inc. raised its position in shares of General Motors by 206.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer’s stock worth $1,708,000 after purchasing an additional 14,150 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of General Motors by 7.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 194,869 shares of the auto manufacturer’s stock worth $11,882,000 after purchasing an additional 14,209 shares during the period. Perbak Capital Partners LLP raised its position in shares of General Motors by 94.1% during the third quarter. Perbak Capital Partners LLP now owns 47,086 shares of the auto manufacturer’s stock worth $2,871,000 after purchasing an additional 22,829 shares during the period. Finally, Fieldview Capital Management LLC raised its position in shares of General Motors by 99.0% during the third quarter. Fieldview Capital Management LLC now owns 28,237 shares of the auto manufacturer’s stock worth $1,722,000 after purchasing an additional 14,048 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Trading Up 1.4%

Shares of NYSE GM opened at $79.92 on Wednesday. General Motors Company has a one year low of $46.81 and a one year high of $87.62. The firm has a market capitalization of $72.06 billion, a PE ratio of 32.23, a PEG ratio of 0.40 and a beta of 1.29. 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 business has a 50-day moving average price of $76.30 and a two-hundred day moving average price of $77.83.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The firm had revenue of $43.62 billion for the quarter, compared to the consensus estimate of $43.51 billion. During the same quarter in the previous year, the company posted $2.78 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, analysts predict that General Motors Company will post 12.85 earnings per share for the current fiscal year.

General Motors declared that its Board of Directors has authorized a stock repurchase program on Tuesday, January 27th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

General Motors Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of General Motors in a research report on Tuesday, April 21st. The Goldman Sachs Group decreased their price objective on General Motors from $104.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Benchmark raised their price objective on General Motors from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Wall Street Zen upgraded General Motors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Evercore restated an “outperform” rating and set a $100.00 price objective on shares of General Motors in a research report on Monday, May 4th. One research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, General Motors currently has an average rating of “Moderate Buy” and an average target price of $94.65.

About General Motors

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.