Focus Partners Wealth Raises Stock Holdings in General Motors Company $GM

Focus Partners Wealth raised its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 223.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 550,279 shares of the auto manufacturer’s stock after acquiring an additional 379,936 shares during the period. Focus Partners Wealth’s holdings in General Motors were worth $44,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Icon Wealth Advisors LLC raised its holdings in shares of General Motors by 33.9% during the 4th quarter. Icon Wealth Advisors LLC now owns 3,179 shares of the auto manufacturer’s stock worth $259,000 after acquiring an additional 804 shares in the last quarter. KCM Investment Advisors LLC raised its holdings in shares of General Motors by 6.6% during the 4th quarter. KCM Investment Advisors LLC now owns 3,499 shares of the auto manufacturer’s stock worth $285,000 after acquiring an additional 217 shares in the last quarter. Cladis Investment Advisory LLC purchased a new stake in shares of General Motors during the 4th quarter worth approximately $264,000. Entropy Technologies LP purchased a new stake in General Motors during the 4th quarter valued at $1,044,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in General Motors during the 4th quarter valued at $2,313,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Performance

GM stock opened at $83.96 on Tuesday. 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 business’s fifty day simple moving average is $78.66 and its two-hundred day simple moving average is $79.05. General Motors Company has a twelve month low of $47.63 and a twelve month high of $87.62. The firm has a market cap of $75.70 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 0.41 and a beta of 1.30.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $1.09. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The business had revenue of $43.62 billion for the quarter, compared to analyst estimates of $43.51 billion. During the same quarter last year, the firm posted $2.78 earnings per share. The business’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. Analysts predict that General Motors Company will post 12.85 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a $0.18 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. General Motors’s dividend payout ratio (DPR) is presently 29.03%.

Insiders Place Their Bets

In other General Motors news, EVP Rory Harvey sold 9,124 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $84.97, for a total value of $775,266.28. Following the sale, the executive vice president owned 37,395 shares in the company, valued at $3,177,453.15. This trade represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $85.00, for a total value of $586,075.00. Following the completion of the sale, the chief accounting officer owned 25,794 shares in the company, valued at approximately $2,192,490. The trade was a 21.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 598,149 shares of company stock worth $49,307,358 over the last quarter. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

GM has been the topic of several recent research reports. Wedbush restated an “outperform” rating and set a $95.00 price target on shares of General Motors in a report on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of General Motors in a report on Tuesday, April 21st. TD Cowen increased their price target on General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Bank of America initiated coverage on General Motors in a report on Wednesday, March 4th. They set a “buy” rating and a $105.00 price target on the stock. Finally, Piper Sandler restated an “overweight” rating and set a $102.00 price target on shares of General Motors in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.65.

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.