General Motors Company $GM Stock: University of Texas Texas AM Investment Management Co. Raises Holdings

University of Texas Texas AM Investment Management Co. grew its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 49.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,143 shares of the auto manufacturer’s stock after purchasing an additional 31,314 shares during the quarter. General Motors makes up about 0.9% of University of Texas Texas AM Investment Management Co.’s portfolio, making the stock its 25th largest position. University of Texas Texas AM Investment Management Co.’s holdings in General Motors were worth $7,326,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. M Holdings Securities Inc. acquired a new stake in General Motors during the third quarter worth approximately $614,000. Candriam S.C.A. increased its holdings in General Motors by 5.2% in the third quarter. Candriam S.C.A. now owns 101,184 shares of the auto manufacturer’s stock worth $7,820,000 after purchasing an additional 4,991 shares in the last quarter. Uhlmann Price Securities LLC lifted its stake in General Motors by 32.3% in the third quarter. Uhlmann Price Securities LLC now owns 3,687 shares of the auto manufacturer’s stock valued at $284,000 after buying an additional 900 shares during the period. Guidance Capital Inc. lifted its stake in General Motors by 1.8% in the third quarter. Guidance Capital Inc. now owns 21,579 shares of the auto manufacturer’s stock valued at $1,662,000 after buying an additional 379 shares during the period. Finally, Plancorp LLC acquired a new position in General Motors in the third quarter valued at approximately $188,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Cowen restated a “buy” rating and set a $132.00 price target on shares of General Motors in a report on Wednesday, October 21st. Benchmark reiterated a “buy” rating and issued a $105.00 price objective (up from $90.00) on shares of General Motors in a research note on Tuesday, July 21st. Weiss Ratings upgraded shares of General Motors from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. Daiwa Securities Group boosted their target price on shares of General Motors from $83.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Yorkville Ives assumed coverage on shares of General Motors in a research note on Monday, October 5th. They set an “outperform” rating and a $100.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, General Motors currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.44.

More General Motors News

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

• Positive Sentiment: Higher long-term earnings forecasts: Zacks Research raised its estimates for GM’s 2027 and 2028 earnings, including its FY2028 EPS forecast to $15.10 from $12.70. Zacks Research earnings forecast
• Positive Sentiment: Domestic battery-materials exposure: GM holds a 38% stake in Nevada’s Thacker Pass lithium project, which could support its longer-term EV battery supply chain. GM’s Thacker Pass stake
• Neutral Sentiment: Executive share sale: EVP Rory Harvey sold 16,513 shares under a pre-arranged Rule 10b5-1 plan, reducing his direct holding by 57.9%. The planned nature of the transaction makes it a less clear signal about his outlook. SEC filing
• Negative Sentiment: EV braking recall: GM is recalling about 67,000 Chevrolet and Cadillac EVs over a software issue that could cause loss of braking. An over-the-air fix may limit repair costs, but the safety risk and added scrutiny are concerns. EV braking recall
• Negative Sentiment: Further recall and legal overhangs: Reports describe additional recalls affecting more than 80,000 vehicles, while GM recently agreed to a $220 million settlement with 36 states over allegations involving driver-data practices. Additional vehicle recalls Driver-data settlement
• Negative Sentiment: Costs and product uncertainty: Automakers face higher material, logistics, and memory costs as pricing power weakens. Separately, a report says GM has dropped a planned electric Corvette SUV, raising questions about its EV product strategy. Automaker cost pressures Electric Corvette SUV report

General Motors Stock Performance

Shares of General Motors stock opened at $86.24 on Monday. General Motors Company has a one year low of $67.06 and a one year high of $93.70. The firm has a market capitalization of $72.75 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 0.49 and a beta of 1.40. The business has a 50-day simple moving average of $83.35 and a 200 day simple moving average of $80.83. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.09 and a quick ratio of 0.94.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.69 by $0.01. The business had revenue of $50.02 billion for the quarter, compared to the consensus estimate of $48.78 billion. General Motors had a return on equity of 19.36% and a net margin of 2.12%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.80 EPS. On average, research analysts anticipate that General Motors Company will post 13.37 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, December 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. General Motors’s payout ratio is currently 16.51%.

General Motors announced that its board has initiated a stock repurchase plan on Tuesday, October 20th that allows the company to repurchase $20 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to buy up to 27.5% of its stock through open market purchases. Share repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at General Motors

In other news, EVP Rory Harvey sold 16,513 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $89.64, for a total transaction of $1,480,225.32. Following the transaction, the executive vice president directly owned 12,000 shares of the company’s stock, valued at $1,075,680. This represents a 57.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by corporate insiders.

General Motors Company Profile

General Motors Company designs, manufactures and sells cars, trucks, crossovers and sport utility vehicles. Its vehicle brands include Chevrolet, Buick, GMC and Cadillac, and its offerings also include vehicle parts, software and related services. GM Financial provides automotive financing and leasing products to customers and dealers.

Founded in 1908, General Motors is headquartered in Detroit, Michigan. The company serves customers in North America and international markets, with operations and sales spanning multiple regions.

Mary Barra has served as GM’s chief executive officer since 2014.