State of Alaska Department of Revenue Has $10.03 Million Position in General Motors Company $GM

State of Alaska Department of Revenue reduced its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 24.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 123,353 shares of the auto manufacturer’s stock after selling 39,960 shares during the period. State of Alaska Department of Revenue’s holdings in General Motors were worth $10,030,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Elevation Wealth Partners LLC grew its holdings in General Motors by 500.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 275 shares during the period. Founders Capital Management acquired a new stake in General Motors during the 4th quarter worth about $31,000. Steigerwald Gordon & Koch Inc. acquired a new stake in General Motors during the 3rd quarter worth about $29,000. Kelleher Financial Advisors acquired a new stake in General Motors during the 3rd quarter worth about $29,000. Finally, JPL Wealth Management LLC acquired a new stake in General Motors during the 3rd quarter worth about $32,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wall Street Zen downgraded General Motors from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Zacks Research downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. HSBC raised their target price on General Motors from $48.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, January 13th. Citigroup raised their target price on General Motors from $86.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on General Motors from $82.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.38.

General Motors Stock Performance

Shares of GM opened at $76.76 on Tuesday. General Motors Company has a one year low of $43.11 and a one year high of $87.62. The company has a market cap of $69.39 billion, a PE ratio of 25.50, a P/E/G ratio of 0.41 and a beta of 1.34. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 1.01. The stock has a 50-day moving average of $77.42 and a 200-day moving average of $74.73.

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

General Motors declared that its Board of Directors has authorized a stock buyback plan 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 shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

General Motors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, March 6th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, March 6th. This is a positive change from General Motors’s previous quarterly dividend of $0.15. General Motors’s payout ratio is 23.92%.

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.