499,855 Shares in General Motors Company $GM Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 499,855 shares of the auto manufacturer’s stock, valued at approximately $38,529,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of GM. Laurel Wealth Advisors LLC acquired a new stake in General Motors during the 4th quarter valued at approximately $25,000. Evergreen Advisors LLC acquired a new stake in shares of General Motors in the first quarter worth $26,000. Kelleher Financial Advisors purchased a new position in shares of General Motors during the third quarter worth $29,000. SouthState Bank Corp lifted its position in General Motors by 101.7% during the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 177 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new stake in General Motors in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Activity

In related news, CAO Christopher Hatto sold 6,895 shares of General Motors stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $90.00, for a total value of $620,550.00. Following the sale, the chief accounting officer owned 18,899 shares of the company’s stock, valued at approximately $1,700,910. This trade represents a 26.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 318,448 shares of General Motors stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the completion of the sale, the chief executive officer directly owned 428,994 shares in the company, valued at $38,772,477.72. This represents a 42.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 669,486 shares of company stock worth $59,205,537. Insiders own 0.44% of the company’s stock.

General Motors Price Performance

NYSE:GM opened at $86.31 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42. General Motors Company has a 52 week low of $54.33 and a 52 week high of $91.85. The stock’s 50-day moving average price is $82.54 and its 200-day moving average price is $79.63. The stock has a market capitalization of $75.73 billion, a PE ratio of 43.59, a price-to-earnings-growth ratio of 0.39 and a beta of 1.30.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.38. The company had revenue of $48.03 billion during the quarter, compared to analysts’ expectations of $47.01 billion. General Motors had a return on equity of 18.18% and a net margin of 1.05%.General Motors’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, equities analysts expect that General Motors Company will post 13.29 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.18 per share. 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 is presently 36.36%.

Key General Motors News

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GM. Wells Fargo & Company lifted their price objective on General Motors from $60.00 to $61.00 and gave the company an “underweight” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $100.00 target price on shares of General Motors in a research note on Wednesday, July 22nd. The Goldman Sachs Group lifted their price target on General Motors from $91.00 to $103.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Wall Street Zen raised General Motors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Barclays upped their price objective on General Motors from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.41.

View Our Latest Stock Report on GM

About General Motors

(Free Report)

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.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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