MMCAP International Inc. SPC Has $5.40 Million Holdings in General Motors Company $GM

MMCAP International Inc. SPC lifted its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 14.9% in the 4th quarter, Holdings Channel reports. The firm owned 66,338 shares of the auto manufacturer’s stock after buying an additional 8,588 shares during the quarter. MMCAP International Inc. SPC’s holdings in General Motors were worth $5,395,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. M&T Bank Corp boosted its holdings in General Motors by 82.0% in the fourth quarter. M&T Bank Corp now owns 72,062 shares of the auto manufacturer’s stock worth $5,860,000 after purchasing an additional 32,474 shares in the last quarter. Legacy Capital Group California Inc. boosted its stake in shares of General Motors by 206.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer’s stock worth $1,708,000 after acquiring an additional 14,150 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of General Motors by 7.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 194,869 shares of the auto manufacturer’s stock worth $11,882,000 after acquiring an additional 14,209 shares in the last quarter. Perbak Capital Partners LLP boosted its stake in shares of General Motors by 94.1% during the 3rd quarter. Perbak Capital Partners LLP now owns 47,086 shares of the auto manufacturer’s stock worth $2,871,000 after acquiring an additional 22,829 shares in the last quarter. Finally, Fieldview Capital Management LLC boosted its stake in shares of General Motors by 99.0% during the 3rd quarter. Fieldview Capital Management LLC now owns 28,237 shares of the auto manufacturer’s stock worth $1,722,000 after acquiring an additional 14,048 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Benchmark upped their price target on General Motors from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Royal Bank Of Canada decreased their price target on General Motors from $96.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Wedbush reiterated an “outperform” rating and set a $95.00 price target 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 target for the company in a research note on Wednesday, March 25th. Finally, Barclays decreased their price target on General Motors from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.65.

General Motors Price Performance

Shares of NYSE:GM opened at $79.92 on Wednesday. The business has a 50 day moving average price of $76.30 and a 200 day moving average price of $77.83. General Motors Company has a twelve month low of $46.81 and a twelve month high of $87.62. The company has a market cap of $72.06 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 0.40 and a beta of 1.29. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, beating 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 firm had revenue of $43.62 billion during the quarter, compared to the consensus estimate of $43.51 billion. During the same quarter in the prior year, the company earned $2.78 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Research analysts predict that General Motors Company will post 12.85 earnings per share for the current year.

General Motors announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, January 27th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to reacquire up to 8.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, June 5th. This represents a $0.72 annualized dividend and a yield of 0.9%. General Motors’s dividend payout ratio is presently 29.03%.

About General Motors

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.