Mitsubishi UFJ Asset Management Co. Ltd. Takes $170.15 Million Position in General Motors Company $GM

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,207,454 shares of the auto manufacturer’s stock, valued at approximately $170,151,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.25% of General Motors at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC bought a new stake in General Motors during the 4th quarter valued at $25,000. Evergreen Advisors LLC bought a new stake in General Motors during the 1st quarter valued at $26,000. SouthState Bank Corp raised its position in shares of General Motors by 101.7% in the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock worth $29,000 after acquiring an additional 177 shares in the last quarter. Kelleher Financial Advisors purchased a new stake in shares of General Motors during the 3rd quarter worth $29,000. Finally, Kemnay Advisory Services Inc. bought a new stake in General Motors during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Mary T. Barra sold 318,448 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the transaction, the chief executive officer directly owned 428,994 shares of the company’s stock, valued at approximately $38,772,477.72. The trade was a 42.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Grant Michael Dixton sold 40,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $88.44, for a total transaction of $3,537,600.00. Following the transaction, the executive vice president directly owned 54,992 shares of the company’s stock, valued at approximately $4,863,492.48. This represents a 42.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 1,247,053 shares of company stock worth $106,763,425. Corporate insiders own 0.44% of the company’s stock.

General Motors Stock Down 2.7%

General Motors stock opened at $84.45 on Tuesday. The stock’s fifty day moving average is $81.67 and its two-hundred day moving average is $79.52. The stock has a market cap of $74.10 billion, a PE ratio of 42.65, a P/E/G ratio of 0.40 and a beta of 1.30. General Motors Company has a 1-year low of $54.33 and a 1-year high of $91.85. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.14 and a quick ratio of 0.97.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.38. General Motors had a return on equity of 18.18% and a net margin of 1.05%.The firm had revenue of $48.03 billion during the quarter, compared to the consensus estimate of $47.01 billion. During the same period in the prior year, the company posted $2.53 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, sell-side analysts expect that General Motors Company will post 13.29 EPS for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, September 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. General Motors’s payout ratio is 36.36%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GM shares. Wedbush restated an “outperform” rating and issued a $95.00 price objective on shares of General Motors in a research note on Monday, May 11th. Piper Sandler restated an “overweight” rating and set a $102.00 price objective on shares of General Motors in a research note on Wednesday, April 29th. Wells Fargo & Company upped their price objective on shares of General Motors from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Wednesday, July 22nd. Jefferies Financial Group upgraded General Motors from a “hold” rating to a “buy” rating and upped their target price for the stock from $90.00 to $99.00 in a research note on Monday, July 27th. Finally, TD Cowen raised their target price on General Motors from $126.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $101.41.

General Motors 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.