Counterpoint Mutual Funds LLC Increases Stock Position in General Motors Company $GM

Counterpoint Mutual Funds LLC increased its position in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 582.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,836 shares of the auto manufacturer’s stock after purchasing an additional 57,895 shares during the quarter. General Motors makes up about 0.8% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 12th biggest position. Counterpoint Mutual Funds LLC’s holdings in General Motors were worth $5,054,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new position in shares of General Motors during the 4th quarter worth approximately $25,000. Elevation Wealth Partners LLC increased its position in shares of General Motors by 500.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 275 shares during the last quarter. SouthState Bank Corp lifted its holdings in General Motors by 101.7% during the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock worth $29,000 after acquiring an additional 177 shares during the period. Kemnay Advisory Services Inc. purchased a new position in General Motors in the fourth quarter worth $30,000. Finally, Founders Capital Management bought a new position in General Motors in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insider Activity

In related news, CEO Mary T. Barra sold 215,391 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $80.01, for a total transaction of $17,233,433.91. Following the sale, the chief executive officer directly owned 770,491 shares in the company, valued at approximately $61,646,984.91. The trade was a 21.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $83.02, for a total value of $6,599,591.88. Following the completion of the transaction, the executive vice president owned 46,519 shares of the company’s stock, valued at approximately $3,862,007.38. This represents a 63.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 697,388 shares of company stock worth $57,752,596. 0.54% of the stock is owned by corporate insiders.

General Motors Price Performance

GM opened at $76.06 on Friday. The firm has a 50-day moving average price of $79.02 and a 200-day moving average price of $79.28. General Motors Company has a twelve month low of $48.87 and a twelve month high of $87.62. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $68.58 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 0.38 and a beta of 1.31.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced 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. The company had revenue of $43.62 billion for the quarter, compared to analysts’ expectations of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. During the same period in the prior year, the company posted $2.78 EPS. General Motors’s revenue was down .9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Equities analysts expect that General Motors Company will post 12.85 EPS for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were issued 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 of this dividend was Friday, June 5th. General Motors’s dividend payout ratio (DPR) is presently 29.03%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GM shares. Mizuho lowered their target price on General Motors from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. TD Cowen boosted their target price on shares of General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and increased their target price for the company from $83.00 to $90.00 in a research report on Tuesday, April 14th. Citigroup lifted their price target on shares of General Motors from $108.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Finally, Piper Sandler reissued an “overweight” rating and set a $102.00 price objective on shares of General Motors in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, General Motors has a consensus rating of “Moderate Buy” and a consensus price target of $95.70.

Check Out Our Latest Analysis on GM

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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.

See Also

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

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