Mitsubishi UFJ Asset Management Co. Ltd. Purchases New Stake in General Motors Company $GM

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in General Motors Company (NYSE:GM) (TSE:GMM.U) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,207,454 shares of the auto manufacturer’s stock, valued at approximately $170,151,000.

A number of other large investors also recently made changes to their positions in GM. Laurel Wealth Advisors LLC purchased a new stake in shares of General Motors in the fourth quarter worth approximately $25,000. Evergreen Advisors LLC acquired a new position in shares of General Motors in the first quarter worth $26,000. SouthState Bank Corp raised its holdings in shares of General Motors by 101.7% during the fourth 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 acquired a new position in General Motors in the 3rd quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of General Motors during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In other news, President Mark L. Reuss sold 71,079 shares of General Motors stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $89.97, for a total value of $6,394,977.63. Following the completion of the sale, the president owned 92,293 shares in the company, valued at $8,303,601.21. The trade was a 43.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $83.02, for a total transaction of $6,599,591.88. Following the completion of the sale, the executive vice president owned 46,519 shares of the company’s stock, valued at approximately $3,862,007.38. The trade was a 63.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,247,053 shares of company stock worth $106,763,425 in the last three months. 0.44% of the stock is currently owned by company insiders.

General Motors Price Performance

Shares of GM opened at $84.45 on Tuesday. The stock has a 50 day simple moving average of $81.67 and a 200 day simple moving average of $79.52. General Motors Company has a 52-week low of $54.33 and a 52-week high of $91.85. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.97 and a current ratio of 1.14. The firm has a market capitalization 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 (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.38. The company had revenue of $48.03 billion during the quarter, compared to the consensus estimate of $47.01 billion. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Sell-side analysts predict that General Motors Company will post 13.29 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. General Motors’s dividend payout ratio (DPR) is presently 36.36%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Benchmark reiterated a “buy” rating on shares of General Motors in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $100.00 target price on shares of General Motors in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their price target on shares of General Motors from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada boosted their target price on shares of General Motors from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of General Motors in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.