VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 318,262 General Motors Company $GM

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in General Motors Company (NYSE:GM) (TSE:GMM.U) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 318,262 shares of the auto manufacturer’s stock, valued at approximately $24,532,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GM. California State Teachers Retirement System increased its holdings in General Motors by 7,719.0% in the second quarter. California State Teachers Retirement System now owns 107,671,896 shares of the auto manufacturer’s stock worth $8,299,350,000 after buying an additional 106,294,840 shares during the last quarter. Ameritas Advisory Services LLC raised its position in General Motors by 162.4% during the second quarter. Ameritas Advisory Services LLC now owns 11,269 shares of the auto manufacturer’s stock valued at $869,000 after acquiring an additional 6,974 shares in the last quarter. Wedmont Private Capital lifted its stake in General Motors by 3.0% in the second quarter. Wedmont Private Capital now owns 12,364 shares of the auto manufacturer’s stock valued at $963,000 after acquiring an additional 358 shares during the last quarter. HB Wealth Management LLC grew its position in General Motors by 5.6% in the second quarter. HB Wealth Management LLC now owns 54,135 shares of the auto manufacturer’s stock worth $4,173,000 after acquiring an additional 2,874 shares in the last quarter. Finally, Nilsine Partners LLC grew its position in General Motors by 2.7% in the second quarter. Nilsine Partners LLC now owns 51,088 shares of the auto manufacturer’s stock worth $3,938,000 after acquiring an additional 1,366 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GM shares. Wells Fargo & Company raised their price target on shares of General Motors from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Wednesday, July 22nd. Royal Bank Of Canada upped their price objective on shares of General Motors from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Tigress Financial increased their target price on shares of General Motors from $92.00 to $130.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $100.00 target price on shares of General Motors in a report on Wednesday, July 22nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $95.00 price target on shares of General Motors in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.41.

General Motors Price Performance

NYSE GM opened at $87.71 on Tuesday. General Motors Company has a 1 year low of $54.33 and a 1 year high of $91.85. The company has a fifty day simple moving average of $83.47 and a 200 day simple moving average of $79.88. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.42. The company has a market cap of $76.96 billion, a P/E ratio of 44.30, a P/E/G ratio of 0.50 and a beta of 1.32.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, topping the consensus estimate of $3.19 by $0.38. The firm had revenue of $48.03 billion for the quarter, compared to the consensus estimate of $47.01 billion. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, sell-side analysts predict that General Motors Company will post 13.29 EPS for the current year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, September 4th. General Motors’s dividend payout ratio (DPR) is currently 36.36%.

Insiders Place Their Bets

In other news, President Mark Reuss sold 71,079 shares of General Motors stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $89.97, for a total value of $6,394,977.63. Following the transaction, the president directly owned 92,293 shares in the company, valued at approximately $8,303,601.21. The trade was a 43.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Grant Dixton sold 40,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $88.44, for a total value of $3,537,600.00. Following the transaction, the executive vice president directly owned 54,992 shares of the company’s stock, valued at $4,863,492.48. This represents a 42.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 648,904 shares of company stock valued at $57,456,067 in the last ninety days. Company insiders own 0.44% of the company’s stock.

General Motors 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.