National Pension Service Has $317.44 Million Stake in General Motors Company $GM

National Pension Service lifted its position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 78.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,903,579 shares of the auto manufacturer’s stock after purchasing an additional 1,720,384 shares during the quarter. National Pension Service’s holdings in General Motors were worth $317,439,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new position in General Motors during the fourth quarter worth $25,000. Elevation Wealth Partners LLC raised its stake in General Motors by 500.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 275 shares in the last quarter. Kelleher Financial Advisors acquired a new position in General Motors during the third quarter worth $29,000. Founders Capital Management acquired a new position in General Motors during the fourth quarter worth $31,000. Finally, JPL Wealth Management LLC acquired a new position in General Motors during the third quarter worth $32,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors News Summary

Here are the key news stories impacting General Motors this week:

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wall Street Zen upgraded General Motors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Wedbush reiterated an “outperform” rating and set a $95.00 price objective on shares of General Motors in a research note on Monday, May 11th. Piper Sandler reiterated an “overweight” rating and set a $102.00 price objective on shares of General Motors in a research note on Wednesday, April 29th. UBS Group increased their price objective on General Motors from $102.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Finally, Jefferies Financial Group increased their price objective on General Motors from $85.00 to $97.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has issued 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 $94.65.

Read Our Latest Analysis on GM

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 79,494 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $83.02, for a total transaction of $6,599,591.88. Following the sale, the executive vice president owned 46,519 shares in the company, valued at approximately $3,862,007.38. This represents a 63.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 134,954 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $85.03, for a total value of $11,475,138.62. Following the sale, the chief executive officer owned 592,242 shares in the company, valued at $50,358,337.26. The trade was a 18.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 538,548 shares of company stock worth $44,241,546 in the last 90 days. Company insiders own 0.54% of the company’s stock.

General Motors Price Performance

Shares of GM stock opened at $84.38 on Friday. The stock’s fifty day moving average is $76.73 and its 200-day moving average is $78.03. 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 stock has a market capitalization of $76.08 billion, a PE ratio of 34.03, a PEG ratio of 0.42 and a beta of 1.29. General Motors Company has a 52 week low of $46.81 and a 52 week high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, topping the consensus estimate of $2.61 by $1.09. The company had revenue of $43.62 billion for the quarter, compared to analysts’ expectations of $43.51 billion. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Equities research analysts expect that General Motors Company will post 12.85 EPS for the current fiscal year.

General Motors Dividend Announcement

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

General Motors 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.

Featured Articles

Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors Company (NYSE:GMFree Report) (TSE:GMM.U).

Institutional Ownership by Quarter for General Motors (NYSE:GM)

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.