Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 11,640 Shares of General Motors Company $GM

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 5.1% in the fourth quarter, Holdings Channel reports. The fund owned 216,989 shares of the auto manufacturer’s stock after selling 11,640 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in General Motors were worth $17,646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Gulf International Bank UK Ltd lifted its stake in shares of General Motors by 0.5% during the 4th quarter. Gulf International Bank UK Ltd now owns 48,981 shares of the auto manufacturer’s stock valued at $3,983,000 after buying an additional 220 shares in the last quarter. Norges Bank purchased a new stake in General Motors in the 4th quarter worth approximately $918,724,000. Coyle Financial Counsel LLC purchased a new stake in General Motors in the 4th quarter worth approximately $344,000. Acorn Wealth Advisors LLC purchased a new stake in General Motors in the 4th quarter worth approximately $224,000. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in General Motors in the 4th quarter worth approximately $10,734,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Price Performance

Shares of NYSE:GM opened at $83.39 on Monday. The company’s fifty day moving average price is $76.93 and its 200-day moving average price is $78.12. The firm has a market capitalization of $75.19 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 0.42 and a beta of 1.30. General Motors Company has a one year low of $46.81 and a one year high of $87.62. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $1.09. The firm had revenue of $43.62 billion for the quarter, compared to analyst estimates of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.78 EPS. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, equities research analysts anticipate that General Motors Company will post 12.85 earnings per share 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 $0.18 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. General Motors’s dividend payout ratio is presently 29.03%.

Insiders Place Their Bets

In related news, CEO Mary T. Barra sold 215,391 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $80.01, for a total transaction of $17,233,433.91. Following the transaction, the chief executive officer owned 770,491 shares of the company’s stock, valued at approximately $61,646,984.91. This trade represents a 21.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $83.02, for a total transaction of $6,599,591.88. Following the transaction, the executive vice president directly owned 46,519 shares in the company, valued at approximately $3,862,007.38. This represents a 63.08% 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 a total of 538,548 shares of company stock worth $44,241,546 in the last three months. Insiders own 0.54% of the company’s stock.

More General Motors News

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

Wall Street Analyst Weigh In

GM has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on shares of General Motors from $57.00 to $59.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 29th. Jefferies Financial Group increased their target price on shares of General Motors from $85.00 to $97.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Benchmark increased their target price on shares of General Motors from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a research note on Tuesday, April 21st. Finally, Barclays lowered their target price on shares of General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.65.

Check Out Our Latest Stock Report on GM

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.

Further Reading

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

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