University of Texas Texas AM Investment Management Co. Sells 50,708 Shares of General Motors Company $GM

University of Texas Texas AM Investment Management Co. reduced its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 59.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 35,152 shares of the auto manufacturer’s stock after selling 50,708 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in General Motors were worth $2,859,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cibc World Market Inc. grew its holdings in General Motors by 57.2% during the 4th quarter. Cibc World Market Inc. now owns 200,662 shares of the auto manufacturer’s stock worth $16,318,000 after acquiring an additional 72,984 shares during the last quarter. M&T Bank Corp lifted its holdings in General Motors by 82.0% during the 4th quarter. M&T Bank Corp now owns 72,062 shares of the auto manufacturer’s stock worth $5,860,000 after buying an additional 32,474 shares in the last quarter. Legacy Capital Group California Inc. increased its position in General Motors by 206.4% in the fourth quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer’s stock worth $1,708,000 after purchasing an additional 14,150 shares during the period. Perbak Capital Partners LLP grew its position in shares of General Motors by 94.1% during the 3rd quarter. Perbak Capital Partners LLP now owns 47,086 shares of the auto manufacturer’s stock worth $2,871,000 after buying an additional 22,829 shares during the period. Finally, Fieldview Capital Management LLC grew its holdings in General Motors by 99.0% during the 3rd quarter. Fieldview Capital Management LLC now owns 28,237 shares of the auto manufacturer’s stock worth $1,722,000 after acquiring an additional 14,048 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Activity at General Motors

In related news, CAO Christopher Hatto sold 6,895 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $85.00, for a total transaction of $586,075.00. Following the completion of the transaction, the chief accounting officer owned 25,794 shares in the company, valued at $2,192,490. The trade was a 21.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 9,124 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $84.97, for a total value of $775,266.28. Following the transaction, the executive vice president owned 37,395 shares in the company, valued at approximately $3,177,453.15. This represents a 19.61% 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. Over the last ninety days, insiders sold 598,149 shares of company stock worth $49,307,358. 0.54% of the stock is owned by company insiders.

General Motors Trading Up 3.0%

Shares of GM opened at $83.96 on Tuesday. The stock has a market cap of $75.70 billion, a PE ratio of 33.85, a P/E/G ratio of 0.41 and a beta of 1.30. General Motors Company has a twelve month low of $47.63 and a twelve month high of $87.62. The business’s 50-day moving average price is $78.66 and its 200-day moving average price is $79.05. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The business had revenue of $43.62 billion for the quarter, compared to analysts’ expectations of $43.51 billion. During the same period last year, the business earned $2.78 earnings per share. The business’s quarterly revenue was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, equities analysts forecast that General Motors Company will post 12.85 EPS for the current fiscal year.

General Motors Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have commented on GM shares. Wall Street Zen upgraded shares of General Motors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. UBS Group reiterated a “buy” rating on shares of General Motors in a research note on Wednesday, June 10th. TD Cowen upped their target price on General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Mizuho lowered their target price on General Motors from $105.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group dropped their price target on shares of General Motors from $104.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, General Motors presently has an average rating of “Moderate Buy” and a consensus target price of $95.65.

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.