Varma Mutual Pension Insurance Co Sells 8,900 Shares of General Motors Company $GM

Varma Mutual Pension Insurance Co trimmed its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,403 shares of the auto manufacturer’s stock after selling 8,900 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in General Motors were worth $16,297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Truist Financial Corp grew its stake in General Motors by 1.7% during the fourth quarter. Truist Financial Corp now owns 106,721 shares of the auto manufacturer’s stock worth $8,679,000 after buying an additional 1,760 shares during the last quarter. Pachira Investments Inc. bought a new stake in General Motors during the fourth quarter worth about $209,000. AlphaStar Capital Management LLC bought a new stake in General Motors during the fourth quarter worth about $201,000. CX Institutional grew its stake in General Motors by 1,064.0% during the fourth quarter. CX Institutional now owns 118,161 shares of the auto manufacturer’s stock worth $9,609,000 after buying an additional 108,010 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its stake in General Motors by 39.2% during the fourth quarter. Benjamin Edwards Inc. now owns 7,397 shares of the auto manufacturer’s stock worth $602,000 after buying an additional 2,084 shares during the last quarter. 92.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GM. Wolfe Research raised shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price objective on the stock in a research note on Wednesday, March 25th. JPMorgan Chase & Co. increased their price target on shares of General Motors from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Evercore reissued an “outperform” rating and set a $100.00 price target on shares of General Motors in a research note on Monday. Benchmark increased their price target on shares of General Motors from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and increased their price target for the company from $83.00 to $90.00 in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.65.

General Motors Price Performance

Shares of GM stock opened at $75.67 on Tuesday. General Motors Company has a 52-week low of $44.84 and a 52-week high of $87.62. The stock has a market cap of $68.23 billion, a PE ratio of 30.51, a PEG ratio of 0.39 and a beta of 1.29. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 1.15. The firm’s 50 day moving average price is $76.50 and its two-hundred day moving average price is $76.58.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The firm had revenue of $43.62 billion for the quarter, compared to analysts’ expectations of $43.51 billion. During the same period last year, the firm earned $2.78 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. 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 12.73 EPS for the current year.

General Motors declared that its Board of Directors has initiated a share repurchase plan on Tuesday, January 27th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to purchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.0%. General Motors’s dividend payout ratio (DPR) is presently 29.03%.

General Motors Company Profile

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.