General Motors Company $GM Shares Sold by Kazazian Asset Management LLC

Kazazian Asset Management LLC lessened its holdings in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 41.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,611 shares of the auto manufacturer’s stock after selling 10,389 shares during the quarter. General Motors accounts for approximately 1.3% of Kazazian Asset Management LLC’s holdings, making the stock its 16th largest holding. Kazazian Asset Management LLC’s holdings in General Motors were worth $1,188,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GM. Laurel Wealth Advisors LLC acquired a new stake in General Motors in the fourth quarter worth about $25,000. Elevation Wealth Partners LLC boosted its holdings in General Motors by 500.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 275 shares in the last quarter. Kelleher Financial Advisors acquired a new stake in General Motors in the third quarter worth about $29,000. Founders Capital Management acquired a new stake in General Motors in the fourth quarter worth about $31,000. Finally, JPL Wealth Management LLC acquired a new stake in General Motors in the third quarter worth about $32,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Trading Up 0.0%

Shares of NYSE:GM opened at $78.81 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. General Motors Company has a 12-month low of $46.81 and a 12-month high of $87.62. The business has a 50 day moving average of $76.04 and a two-hundred day moving average of $77.66. The company has a market capitalization of $71.06 billion, a PE ratio of 31.78, a PEG ratio of 0.40 and a beta of 1.29.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, topping the consensus estimate of $2.61 by $1.09. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The business had revenue of $43.62 billion for the quarter, compared to analyst estimates of $43.51 billion. During the same quarter in the prior year, the firm posted $2.78 EPS. 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 forecast that General Motors Company will post 12.85 EPS for the current year.

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

General Motors Announces Dividend

The business also recently disclosed 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 is Friday, June 5th. General Motors’s dividend payout ratio is currently 29.03%.

Key General Motors News

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GM. UBS Group raised their price objective on General Motors from $102.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Citigroup raised their price objective on General Motors from $105.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wedbush restated an “outperform” rating and issued a $95.00 price objective on shares of General Motors in a research note on Monday, May 11th. Wolfe Research upgraded General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price objective for the company in a research note on Wednesday, March 25th. Finally, TD Cowen raised their price objective on General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.65.

Get Our Latest Analysis on General Motors

General Motors Company Profile

(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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