Stratos Wealth Partners LTD. Sells 11,120 Shares of General Motors Company $GM

Stratos Wealth Partners LTD. lowered its position in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 26.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,004 shares of the auto manufacturer’s stock after selling 11,120 shares during the period. Stratos Wealth Partners LTD.’s holdings in General Motors were worth $1,890,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Hemington Wealth Management boosted its holdings in shares of 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 purchasing an additional 154 shares during the period. Fielder Capital Group LLC lifted its holdings in General Motors by 3.3% in the 3rd quarter. Fielder Capital Group LLC now owns 5,131 shares of the auto manufacturer’s stock worth $313,000 after buying an additional 163 shares during the period. Resonant Capital Advisors LLC grew its position in shares of General Motors by 3.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 5,222 shares of the auto manufacturer’s stock worth $318,000 after buying an additional 171 shares during the last quarter. Unison Advisors LLC increased its stake in shares of General Motors by 0.3% during the third quarter. Unison Advisors LLC now owns 68,272 shares of the auto manufacturer’s stock valued at $4,163,000 after buying an additional 196 shares during the period. Finally, Mayflower Financial Advisors LLC raised its holdings in shares of General Motors by 4.1% during the second quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock valued at $254,000 after acquiring an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of GM stock opened at $81.00 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.17 and a debt-to-equity ratio of 1.50. The company has a 50 day moving average price of $81.92 and a 200-day moving average price of $69.04. General Motors Company has a 52 week low of $41.60 and a 52 week high of $87.62. The firm has a market capitalization of $73.22 billion, a PE ratio of 26.91, a P/E/G ratio of 0.44 and a beta of 1.36.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.25. The company had revenue of $45.29 billion for the quarter, compared to analysts’ expectations of $45.81 billion. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.92 earnings per share. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. As a group, equities research analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from General Motors’s previous quarterly dividend of $0.15. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. General Motors’s dividend payout ratio is presently 23.92%.

General Motors declared that its Board of Directors has authorized a stock buyback 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 buy up to 8.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GM shares. Wedbush lifted their price target on shares of General Motors from $75.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Piper Sandler reaffirmed an “overweight” rating and set a $105.00 target price (up previously from $98.00) on shares of General Motors in a research note on Wednesday, January 28th. DZ Bank raised shares of General Motors from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research note on Thursday, January 29th. The Goldman Sachs Group set a $104.00 price objective on General Motors in a research report on Tuesday, January 27th. Finally, Zacks Research lowered General Motors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.52.

Read 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.

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

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