Retireful LLC Invests $1.15 Million in General Motors Company $GM

Retireful LLC bought a new stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) in the 4th quarter, HoldingsChannel reports. The firm bought 13,983 shares of the auto manufacturer’s stock, valued at approximately $1,151,000. General Motors accounts for about 1.4% of Retireful LLC’s holdings, making the stock its 18th largest position.

Other large investors have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC grew its position 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 buying an additional 275 shares during the last quarter. Founders Capital Management acquired a new stake in shares of General Motors during the 4th quarter valued at $31,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of General Motors during the 3rd quarter worth $29,000. Kelleher Financial Advisors bought a new stake in shares of General Motors during the 3rd quarter worth $29,000. Finally, JPL Wealth Management LLC acquired a new position in shares of General Motors in the 3rd quarter worth $32,000. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Performance

Shares of GM stock opened at $75.14 on Thursday. The company has a market capitalization of $67.92 billion, a price-to-earnings ratio of 24.96, a P/E/G ratio of 0.40 and a beta of 1.37. General Motors Company has a 1-year low of $41.60 and a 1-year high of $87.62. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50. The stock’s fifty day simple moving average is $78.78 and its 200-day simple moving average is $73.75.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.25. General Motors had a return on equity of 14.72% and a net margin of 1.46%.The firm had revenue of $45.29 billion during the quarter, compared to the consensus estimate of $45.81 billion. During the same period in the prior year, the business earned $1.92 EPS. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. On average, sell-side analysts predict that General Motors Company will post 11.44 earnings per share for the current fiscal year.

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

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. This is a positive change from General Motors’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, March 6th. General Motors’s payout ratio is currently 23.92%.

Analyst Ratings Changes

Several brokerages have recently commented on GM. Mizuho upped their target price on General Motors from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Citigroup lifted their price target on General Motors from $86.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. TD Cowen restated a “buy” rating on shares of General Motors in a report on Wednesday, January 28th. Wedbush raised their target price on shares of General Motors from $75.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Finally, Piper Sandler reissued an “overweight” rating and issued a $105.00 target price (up from $98.00) on shares of General Motors in a research report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.38.

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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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