Mizuho Markets Cayman LP lessened its holdings in General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) by 42.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,675 shares of the auto manufacturer’s stock after selling 46,845 shares during the quarter. Mizuho Markets Cayman LP’s holdings in General Motors were worth $4,908,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of GM. Franklin Resources Inc. boosted its holdings in shares of General Motors by 2.7% in the 4th quarter. Franklin Resources Inc. now owns 32,158,403 shares of the auto manufacturer’s stock valued at $2,615,121,000 after acquiring an additional 835,645 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of General Motors by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 22,242,381 shares of the auto manufacturer’s stock worth $1,802,668,000 after acquiring an additional 267,477 shares during the period. Capital World Investors raised its holdings in shares of General Motors by 7.8% during the fourth quarter. Capital World Investors now owns 19,536,049 shares of the auto manufacturer’s stock worth $1,588,688,000 after purchasing an additional 1,405,530 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of General Motors by 5.5% during the third quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock worth $868,986,000 after purchasing an additional 748,831 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in General Motors by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 14,225,518 shares of the auto manufacturer’s stock valued at $1,059,668,000 after purchasing an additional 77,100 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.
General Motors Stock Performance
NYSE GM opened at $86.29 on Friday. The stock has a market capitalization of $75.72 billion, a price-to-earnings ratio of 43.58, a PEG ratio of 0.40 and a beta of 1.30. The stock has a 50-day moving average of $81.56 and a 200 day moving average of $79.48. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.42. General Motors Company has a twelve month low of $54.33 and a twelve month high of $91.85.
General Motors Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 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 currently 36.36%.
Insider Buying and Selling
In other General Motors news, CEO Mary T. Barra sold 318,448 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the transaction, the chief executive officer directly owned 428,994 shares of the company’s stock, valued at $38,772,477.72. This trade represents a 42.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of General Motors stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $90.00, for a total transaction of $620,550.00. Following the completion of the sale, the chief accounting officer owned 18,899 shares in the company, valued at approximately $1,700,910. This trade represents a 26.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,247,053 shares of company stock worth $106,763,425 in the last 90 days. 0.44% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
GM has been the topic of several analyst reports. UBS Group reaffirmed a “buy” rating on shares of General Motors in a research report on Wednesday, June 10th. Tigress Financial boosted their price objective on General Motors from $92.00 to $130.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 28th. Wall Street Zen upgraded General Motors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Benchmark reiterated a “buy” rating on shares of General Motors in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada boosted their price target on General Motors from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, General Motors presently has an average rating of “Moderate Buy” and an average target price of $101.41.
Check Out Our Latest Analysis on General Motors
Trending Headlines about General Motors
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: An analyst raised fiscal 2027 EPS estimates for GM, signaling greater confidence in the automaker’s future profitability. FY2027 EPS Estimates for General Motors Raised by Analyst
- Positive Sentiment: Battery-cell production at GM and LG Energy Solution’s Ohio plant is scheduled to restart after a seven-month shutdown. The restart could improve capacity utilization and support GM’s electric-vehicle supply chain. Battery cell production at Ohio plant to restart for GM EVs
- Positive Sentiment: GM’s $4.5 billion supplier prepayment and parts-security facility is intended to ensure access to critical components and reduce the risk of production disruptions. GM sets up $4.5 billion supply chain prepayment facility
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.
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