Alberta Investment Management Corp Has $12.46 Million Stock Position in General Motors Company $GM

Alberta Investment Management Corp lifted its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 208.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 153,260 shares of the auto manufacturer’s stock after buying an additional 103,570 shares during the period. Alberta Investment Management Corp’s holdings in General Motors were worth $12,463,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Tsfg LLC raised its holdings in shares of General Motors by 5.7% during the 4th quarter. Tsfg LLC now owns 2,241 shares of the auto manufacturer’s stock worth $182,000 after buying an additional 120 shares in the last quarter. Bogart Wealth LLC raised its holdings in shares of General Motors by 15.6% during the 4th quarter. Bogart Wealth LLC now owns 905 shares of the auto manufacturer’s stock worth $74,000 after buying an additional 122 shares in the last quarter. Sumitomo Life Insurance Co. raised its holdings in shares of General Motors by 0.7% during the 4th quarter. Sumitomo Life Insurance Co. now owns 19,477 shares of the auto manufacturer’s stock worth $1,584,000 after buying an additional 127 shares in the last quarter. PDS Planning Inc raised its holdings in shares of General Motors by 3.4% during the 4th quarter. PDS Planning Inc now owns 3,996 shares of the auto manufacturer’s stock worth $325,000 after buying an additional 131 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of General Motors by 2.0% during the 4th quarter. UMB Bank n.a. now owns 6,887 shares of the auto manufacturer’s stock worth $560,000 after buying an additional 136 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In other General Motors news, CEO Mary T. Barra sold 20,582 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $85.00, for a total value of $1,749,470.00. Following the sale, the chief executive officer owned 592,242 shares in the company, valued at approximately $50,340,570. The trade was a 3.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 9,124 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $84.97, for a total value of $775,266.28. Following the completion of the sale, the executive vice president owned 37,395 shares in the company, valued at $3,177,453.15. This trade represents a 19.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 598,149 shares of company stock worth $49,307,358. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group reduced their price objective on General Motors from $104.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $83.00 to $90.00 in a research report on Tuesday, April 14th. Wells Fargo & Company boosted their price objective on General Motors from $57.00 to $59.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 29th. TD Cowen boosted their price objective on General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Bank of America assumed coverage on General Motors in a research report on Wednesday, March 4th. They set a “buy” rating and a $105.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, General Motors has a consensus rating of “Moderate Buy” and a consensus price target of $95.65.

General Motors Trading Up 3.0%

Shares of GM stock opened at $83.96 on Tuesday. The stock’s fifty day simple moving average is $78.66 and its 200 day simple moving average is $79.05. General Motors Company has a twelve month low of $47.63 and a twelve month high of $87.62. The firm has a market capitalization of $75.70 billion, a P/E ratio of 33.85, a P/E/G ratio of 0.41 and a beta of 1.30. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The firm had revenue of $43.62 billion for the quarter, compared to analyst estimates of $43.51 billion. During the same quarter in the previous year, the company posted $2.78 EPS. The business’s revenue 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, sell-side analysts predict that General Motors Company will post 12.85 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, June 5th. General Motors’s payout ratio is 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.