General Motors Company $GM Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 83.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 325,360 shares of the auto manufacturer’s stock after selling 1,676,845 shares during the quarter. HighTower Advisors LLC’s holdings in General Motors were worth $19,837,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in General Motors by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock worth $5,450,485,000 after buying an additional 11,418,367 shares during the last quarter. Norges Bank purchased a new position in shares of General Motors in the second quarter valued at approximately $444,319,000. Viking Global Investors LP boosted its stake in shares of General Motors by 81.1% in the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after acquiring an additional 5,830,050 shares during the last quarter. Worldquant Millennium Advisors LLC increased its position in shares of General Motors by 436.8% during the second quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer’s stock worth $130,826,000 after purchasing an additional 2,163,274 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in General Motors by 125.9% in the 2nd quarter. Marshall Wace LLP now owns 3,699,220 shares of the auto manufacturer’s stock valued at $182,039,000 after purchasing an additional 2,061,712 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GM. Mizuho upped their target price on shares of General Motors from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of General Motors in a research report on Thursday, January 22nd. Wedbush increased their price objective on shares of General Motors from $75.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Citigroup raised their target price on shares of General Motors from $86.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Finally, TD Cowen restated a “buy” rating on shares of General Motors in a research report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, General Motors has an average rating of “Moderate Buy” and a consensus price target of $89.52.

General Motors Stock Performance

NYSE GM opened at $81.40 on Friday. The stock has a fifty day simple moving average of $82.18 and a 200-day simple moving average of $69.74. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50. The stock has a market cap of $73.58 billion, a PE ratio of 27.04, a P/E/G ratio of 0.46 and a beta of 1.36. General Motors Company has a twelve month low of $41.60 and a twelve month high of $87.62.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.25. The company had revenue of $45.29 billion for the quarter, compared to analysts’ expectations of $45.81 billion. General Motors had a net margin of 1.46% and a return on equity of 14.72%. General Motors’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.92 earnings per share. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Equities analysts anticipate that General Motors Company will post 11.44 earnings per share for the current year.

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

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from General Motors’s previous quarterly dividend of $0.15. General Motors’s dividend payout ratio is 19.93%.

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.