General Motors Company $GM Shares Newly Bought by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC purchased a new stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 35,288 shares of the auto manufacturer’s stock, valued at approximately $2,717,000.

Other large investors have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. grew its position in General Motors by 49.1% in the third quarter. University of Texas Texas AM Investment Management Co. now owns 95,143 shares of the auto manufacturer’s stock worth $7,326,000 after acquiring an additional 31,314 shares in the last quarter. M Holdings Securities Inc. acquired a new position in shares of General Motors during the 3rd quarter worth $614,000. Candriam S.C.A. raised its holdings in shares of General Motors by 5.2% during the 3rd quarter. Candriam S.C.A. now owns 101,184 shares of the auto manufacturer’s stock valued at $7,820,000 after purchasing an additional 4,991 shares in the last quarter. Uhlmann Price Securities LLC raised its holdings in shares of General Motors by 32.3% during the 3rd quarter. Uhlmann Price Securities LLC now owns 3,687 shares of the auto manufacturer’s stock valued at $284,000 after purchasing an additional 900 shares in the last quarter. Finally, Guidance Capital Inc. raised its holdings in shares of General Motors by 1.8% during the 3rd quarter. Guidance Capital Inc. now owns 21,579 shares of the auto manufacturer’s stock valued at $1,662,000 after purchasing an additional 379 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

General Motors Trading Up 4.0%

Shares of GM stock opened at $89.60 on Tuesday. General Motors Company has a 12 month low of $67.06 and a 12 month high of $93.70. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 1.32. The business’s 50 day moving average is $83.41 and its two-hundred day moving average is $80.88. The company has a market cap of $75.58 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 0.52 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.69 by $0.01. General Motors had a net margin of 2.12% and a return on equity of 19.36%. The business had revenue of $50.02 billion during the quarter, compared to analysts’ expectations of $48.78 billion. During the same period in the previous year, the company earned $2.80 earnings per share. General Motors’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts predict that General Motors Company will post 13.37 EPS for the current year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Friday, December 4th will be paid a $0.18 dividend. The ex-dividend date is Friday, December 4th. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. General Motors’s dividend payout ratio (DPR) is presently 16.51%.

General Motors declared that its board has approved a share repurchase program on Tuesday, October 20th that allows the company to buy back $20 billion in shares. This repurchase authorization allows the auto manufacturer to purchase up to 27.5% of its shares through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

More General Motors News

Here are the key news stories impacting General Motors this week:

• Positive Sentiment: GM’s next-generation 2027 Silverado and Sierra pickups are expected to offer upgraded engines and higher-end trims, potentially supporting a more profitable product mix. Article: Can GM’s Next-Generation Pickups Support Growth in 2027?
• Positive Sentiment: Rising OnStar subscriptions and Super Cruise adoption could expand recurring software revenue. GM also announced a new in-car AI assistant, adding to its technology offerings, though the revenue impact is not yet clear. Article: Can OnStar and Super Cruise Drive GM’s Digital Revenue Growth? Article: GM just announced a new in-car AI assistant
• Positive Sentiment: A report highlighting GM’s $20 billion stock-buyback plan points to a potential boost to per-share value as the company reduces its share count. Article: Ford Yields Nearly 5%. GM Is Buying Back $20 Billion in Stock.
• Neutral Sentiment: GM Insurance plans to enter Maryland’s auto market, expanding its insurance business; the article does not specify the expected financial contribution. Article: GM Insurance to Enter Maryland Auto Market
• Negative Sentiment: GM is recalling 67,380 EVs after software briefly interrupted low-speed braking, raising safety concerns and potentially adding repair and warranty costs. A separate report also notes a recall affecting more than 87,000 vehicles. Article: GM Recalls Over 67,000 EVs For Brake Glitch Article: GM recalls more than 87,000 vehicles
• Negative Sentiment: A $220 million OnStar settlement tied to allegations that drivers were misled about the collection and sharing of their data creates a financial cost and continued privacy-related reputational risk. Article: General Motors Could Be 17% Undervalued After $220 Million OnStar Settlement

Wall Street Analysts Forecast Growth

GM has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their price objective on shares of General Motors from $112.00 to $96.00 and set a “buy” rating for the company in a report on Wednesday, October 21st. Morgan Stanley lowered their target price on shares of General Motors from $101.00 to $95.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 21st. Yorkville Ives started coverage on General Motors in a report on Monday, October 5th. They set an “outperform” rating and a $100.00 target price on the stock. Royal Bank Of Canada reduced their price target on General Motors from $102.00 to $98.00 and set an “outperform” rating for the company in a research report on Wednesday, October 21st. Finally, Truist Financial set a $105.00 price target on General Motors in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.44.

Insider Buying and Selling

In related news, EVP Rory Harvey sold 16,513 shares of General Motors stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $89.64, for a total value of $1,480,225.32. Following the transaction, the executive vice president owned 12,000 shares in the company, valued at $1,075,680. This trade represents a 57.91% decrease in their position. The sale 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. 0.44% of the stock is owned by company insiders.

General Motors Profile

General Motors Company designs, manufactures and sells cars, trucks, crossovers and sport utility vehicles. Its vehicle brands include Chevrolet, Buick, GMC and Cadillac, and its offerings also include vehicle parts, software and related services. GM Financial provides automotive financing and leasing products to customers and dealers.

Founded in 1908, General Motors is headquartered in Detroit, Michigan. The company serves customers in North America and international markets, with operations and sales spanning multiple regions.

Mary Barra has served as GM’s chief executive officer since 2014.