University of Texas Texas AM Investment Management Co. Invests $6.21 Million in General Motors Company $GM

University of Texas Texas AM Investment Management Co. purchased a new stake in General Motors Company (NYSE:GM) (TSE:GMM.U) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 126,242 shares of the auto manufacturer’s stock, valued at approximately $6,212,000. General Motors accounts for about 1.0% of University of Texas Texas AM Investment Management Co.’s portfolio, making the stock its 21st biggest position.

A number of other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after purchasing an additional 31,755 shares during the period. GAMMA Investing LLC grew its stake in shares of General Motors by 10.6% in the first quarter. GAMMA Investing LLC now owns 20,133 shares of the auto manufacturer’s stock valued at $947,000 after acquiring an additional 1,933 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in General Motors by 23.8% during the first quarter. Oppenheimer & Co. Inc. now owns 22,488 shares of the auto manufacturer’s stock worth $1,058,000 after acquiring an additional 4,327 shares during the period. Spire Wealth Management raised its stake in General Motors by 24.6% in the 1st quarter. Spire Wealth Management now owns 5,217 shares of the auto manufacturer’s stock worth $245,000 after purchasing an additional 1,029 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in General Motors by 642.2% in the 1st quarter. Golden State Wealth Management LLC now owns 3,451 shares of the auto manufacturer’s stock valued at $162,000 after purchasing an additional 2,986 shares during the period. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

NYSE GM opened at $69.60 on Friday. The stock has a fifty day simple moving average of $59.08 and a 200 day simple moving average of $52.86. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $64.92 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 1.35 and a beta of 1.33. General Motors Company has a twelve month low of $41.60 and a twelve month high of $69.70.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.48. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The business had revenue of $48.59 billion during the quarter, compared to the consensus estimate of $44.60 billion. During the same quarter in the prior year, the firm posted $2.96 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Sell-side analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, December 5th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.9%. General Motors’s dividend payout ratio (DPR) is 12.07%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GM. Piper Sandler set a $66.00 price target on shares of General Motors and gave the company a “neutral” rating in a research report on Tuesday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of General Motors in a report on Tuesday. Bank of America reduced their target price on General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Cowen reaffirmed a “buy” rating on shares of General Motors in a research report on Tuesday. Finally, UBS Group boosted their target price on shares of General Motors from $81.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, General Motors presently has a consensus rating of “Moderate Buy” and an average price target of $70.00.

Insider Buying and Selling at General Motors

In other General Motors news, President Mark L. Reuss sold 260,600 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the transaction, the president directly owned 98,006 shares in the company, valued at approximately $6,512,498.70. This trade represents a 72.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rory Harvey sold 6,600 shares of the company’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $61.95, for a total transaction of $408,870.00. Following the completion of the sale, the executive vice president owned 8,513 shares of the company’s stock, valued at approximately $527,380.35. The trade was a 43.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,335,424 shares of company stock worth $139,694,083. 0.54% of the stock is currently owned by insiders.

About General Motors

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.