Danica Pension Livsforsikringsaktieselskab Invests $9.45 Million in General Motors Company $GM

Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 126,903 shares of the auto manufacturer’s stock, valued at approximately $9,454,000.

Other large investors have also recently added to or reduced their stakes in the company. Tsfg LLC grew its position in General Motors by 5.7% in the 4th quarter. Tsfg LLC now owns 2,241 shares of the auto manufacturer’s stock valued at $182,000 after buying an additional 120 shares in the last quarter. Bogart Wealth LLC raised its position in shares of General Motors by 15.6% during the 4th quarter. Bogart Wealth LLC now owns 905 shares of the auto manufacturer’s stock worth $74,000 after buying an additional 122 shares in the last quarter. Sumitomo Life Insurance Co. lifted its stake in shares of General Motors by 0.7% in the 4th quarter. Sumitomo Life Insurance Co. now owns 19,477 shares of the auto manufacturer’s stock worth $1,584,000 after acquiring an additional 127 shares during the period. PDS Planning Inc boosted its holdings in shares of General Motors by 3.4% in the fourth quarter. PDS Planning Inc now owns 3,996 shares of the auto manufacturer’s stock valued at $325,000 after acquiring an additional 131 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of General Motors by 2.0% in the fourth quarter. UMB Bank n.a. now owns 6,887 shares of the auto manufacturer’s stock valued at $560,000 after acquiring an additional 136 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GM shares. Weiss Ratings reissued a “hold (c)” rating on shares of General Motors in a report on Friday. The Goldman Sachs Group cut their price target on shares of General Motors from $104.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Wells Fargo & Company raised their price objective on shares of General Motors from $59.00 to $60.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Wall Street Zen raised General Motors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and upped their target price for the company from $83.00 to $90.00 in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, General Motors currently has an average rating of “Moderate Buy” and a consensus target price of $97.27.

Read Our Latest Stock Report on GM

General Motors News Summary

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

Insider Transactions at General Motors

In related news, EVP Rory Harvey sold 9,124 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 99,239 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $85.10, for a total transaction of $8,445,238.90. Following the transaction, the chief executive officer directly owned 592,242 shares in the company, valued at approximately $50,399,794.20. The trade was a 14.35% 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 sold 697,388 shares of company stock valued at $57,752,596 in the last three months. Corporate insiders own 0.54% of the company’s stock.

General Motors Stock Performance

GM stock opened at $79.67 on Wednesday. The firm has a 50 day simple moving average of $78.91 and a 200 day simple moving average of $78.83. The stock has a market cap of $71.84 billion, a P/E ratio of 32.13, a P/E/G ratio of 0.38 and a beta of 1.31. General Motors Company has a 52 week low of $48.87 and a 52 week high of $87.62. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 1.15.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted 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 $3.18 by $0.39. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The business had revenue of $48.03 billion for the quarter, compared to the consensus estimate of $47.01 billion. During the same period in the prior year, the business posted $2.53 earnings per share. General Motors’s revenue for the quarter was up 1.9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Research analysts anticipate that General Motors Company will post 12.88 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.9%. General Motors’s dividend payout ratio (DPR) is 29.03%.

General Motors Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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