General Motors Company $GM Stock Position Lifted by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. lifted its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 49.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 95,143 shares of the auto manufacturer’s stock after purchasing an additional 31,314 shares during the period. General Motors makes up approximately 0.9% of University of Texas Texas AM Investment Management Co.’s investment portfolio, making the stock its 25th biggest holding. 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.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. M Holdings Securities Inc. bought a new stake in General Motors during the 3rd quarter worth approximately $614,000. Candriam S.C.A. lifted its holdings in shares of General Motors by 5.2% in the third quarter. Candriam S.C.A. now owns 101,184 shares of the auto manufacturer’s stock valued at $7,820,000 after purchasing an additional 4,991 shares in the last quarter. Uhlmann Price Securities LLC lifted its holdings in shares of 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 purchasing an additional 900 shares in the last quarter. Guidance Capital Inc. boosted its position in shares of General Motors by 1.8% during 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 last quarter. Finally, Plancorp LLC purchased a new position in shares of General Motors during the third quarter valued at approximately $188,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Key Headlines Impacting General Motors

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

Insider Transactions at General Motors

In other General Motors news, EVP Rory Harvey sold 16,513 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $89.64, for a total value of $1,480,225.32. Following the completion of the sale, the executive vice president directly owned 12,000 shares of the company’s stock, valued at $1,075,680. This trade represents a 57.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GM. Wall Street Zen downgraded General Motors from a “buy” rating to a “hold” rating in a report on Saturday. Benchmark reaffirmed a “buy” rating and set a $105.00 price objective (up from $90.00) on shares of General Motors in a report on Tuesday, July 21st. Daiwa Securities Group upped their target price on shares of General Motors from $83.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Morgan Stanley lowered their target price on shares of General Motors from $101.00 to $95.00 and set an “overweight” rating for the company in a report on Wednesday, October 21st. Finally, Barclays lowered their target price on shares of General Motors from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.44.

General Motors Stock Performance

Shares of GM stock opened at $86.24 on Monday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.94 and a current ratio of 1.09. The firm has a market cap of $72.75 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 0.49 and a beta of 1.40. General Motors Company has a 52 week low of $67.06 and a 52 week high of $93.70. The firm’s 50-day simple moving average is $83.35 and its two-hundred day simple moving average is $80.83.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.01. The company had revenue of $50.02 billion during the quarter, compared to analyst estimates of $48.78 billion. General Motors had a net margin of 2.12% and a return on equity of 19.36%. General Motors’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.80 EPS. As a group, equities analysts forecast that General Motors Company will post 13.37 earnings per share for the current year.

General Motors declared that its board has authorized a stock repurchase program on Tuesday, October 20th that permits the company to repurchase $20 billion in outstanding shares. This buyback authorization permits the auto manufacturer to repurchase up to 27.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

General Motors Announces Dividend

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

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.