Tredje AP fonden Has $20.74 Million Position in General Motors Company $GM

Tredje AP fonden decreased its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 52.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 340,118 shares of the auto manufacturer’s stock after selling 377,258 shares during the period. Tredje AP fonden’s holdings in General Motors were worth $20,737,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in GM. Hemington Wealth Management raised its stake in General Motors by 14.5% during the third quarter. Hemington Wealth Management now owns 1,219 shares of the auto manufacturer’s stock worth $74,000 after acquiring an additional 154 shares in the last quarter. Fielder Capital Group LLC grew its stake in shares of General Motors by 3.3% in the third quarter. Fielder Capital Group LLC now owns 5,131 shares of the auto manufacturer’s stock worth $313,000 after purchasing an additional 163 shares during the last quarter. Resonant Capital Advisors LLC raised its position in shares of General Motors by 3.4% during the third quarter. Resonant Capital Advisors LLC now owns 5,222 shares of the auto manufacturer’s stock worth $318,000 after acquiring an additional 171 shares during the last quarter. Unison Advisors LLC lifted its position in shares of General Motors by 0.3% in the 3rd quarter. Unison Advisors LLC now owns 68,272 shares of the auto manufacturer’s stock worth $4,163,000 after purchasing an additional 196 shares during the period. Finally, Synovus Financial Corp lifted its holdings in General Motors by 0.9% in the third quarter. Synovus Financial Corp now owns 21,203 shares of the auto manufacturer’s stock valued at $1,293,000 after buying an additional 199 shares during the period. 92.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Zacks Research cut shares of General Motors from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. UBS Group raised their target price on General Motors from $97.00 to $102.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. DZ Bank raised General Motors from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research report on Thursday, January 29th. Barclays set a $110.00 price target on General Motors in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada raised their price objective on General Motors from $92.00 to $107.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.52.

General Motors Trading Down 0.0%

Shares of General Motors stock opened at $81.44 on Friday. 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 has a fifty day simple moving average of $82.19 and a 200 day simple moving average of $69.94. General Motors Company has a 12-month low of $41.60 and a 12-month high of $87.62. The company has a market capitalization of $73.62 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 0.45 and a beta of 1.36.

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

General Motors declared that its Board of Directors has authorized a share repurchase program on Tuesday, January 27th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to reacquire up to 8.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from General Motors’s previous quarterly dividend of $0.15. General Motors’s payout ratio is currently 19.93%.

About General Motors

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.