Trek Financial LLC Buys 33,275 Shares of General Motors Company $GM

Trek Financial LLC boosted its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 137.9% in the fourth quarter, HoldingsChannel reports. The firm owned 57,403 shares of the auto manufacturer’s stock after acquiring an additional 33,275 shares during the period. Trek Financial LLC’s holdings in General Motors were worth $4,668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Bogart Wealth LLC grew its position in General Motors by 15.6% in the 4th quarter. Bogart Wealth LLC now owns 905 shares of the auto manufacturer’s stock worth $74,000 after purchasing an additional 122 shares during the period. PDS Planning Inc grew its position in General Motors by 3.4% in the 4th quarter. PDS Planning Inc now owns 3,996 shares of the auto manufacturer’s stock worth $325,000 after purchasing an additional 131 shares during the period. Kentucky Trust Co grew its position in General Motors by 5.1% in the 4th quarter. Kentucky Trust Co now owns 2,944 shares of the auto manufacturer’s stock worth $239,000 after purchasing an additional 144 shares during the period. Tiemann Investment Advisors LLC grew its position in General Motors by 3.1% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 5,045 shares of the auto manufacturer’s stock worth $308,000 after purchasing an additional 150 shares during the period. Finally, Hemington Wealth Management grew its position in General Motors by 14.5% in the 3rd quarter. Hemington Wealth Management now owns 1,219 shares of the auto manufacturer’s stock worth $74,000 after purchasing an additional 154 shares during the period. Institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and boosted their price objective for the company from $83.00 to $90.00 in a research report on Tuesday, April 14th. Wolfe Research raised shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price objective for the company in a research report on Wednesday, March 25th. Zacks Research downgraded shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Wall Street Zen raised shares of General Motors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, HSBC boosted their price objective on shares of General Motors from $48.00 to $75.00 and gave the company a “hold” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, General Motors currently has a consensus rating of “Moderate Buy” and an average price target of $94.65.

General Motors Trading Down 4.5%

Shares of General Motors stock opened at $75.27 on Tuesday. The company has a market capitalization of $67.87 billion, a P/E ratio of 30.35, a P/E/G ratio of 0.40 and a beta of 1.29. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 1.15. The company has a fifty day moving average of $76.14 and a 200 day moving average of $77.21. General Motors Company has a fifty-two week low of $46.81 and a fifty-two week high of $87.62.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, topping the consensus estimate of $2.61 by $1.09. The company had revenue of $43.62 billion during the quarter, compared to the consensus estimate of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. General Motors’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.78 EPS. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, sell-side analysts anticipate that General Motors Company will post 12.77 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors 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 annualized dividend and a yield of 1.0%. General Motors’s dividend payout ratio is currently 29.03%.

General Motors declared that its Board of Directors has authorized a stock repurchase program on Tuesday, January 27th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to buy up to 8.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Key Headlines Impacting General Motors

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

• Positive Sentiment: Wedbush reaffirmed its Outperform rating on GM and kept a $95 price target, signaling confidence in the company’s longer-term earnings and valuation outlook. General Motors’ (GM) Outperform Rating Reaffirmed at Wedbush
• Positive Sentiment: GM’s layoffs of hundreds of IT workers may reduce costs and allow the company to hire workers with more relevant AI and digital skills, which could help margins and support a more efficient tech organization over time. GM just laid off hundreds of IT workers to hire those with stronger AI skills
• Positive Sentiment: Other reports said GM is trimming white-collar and salaried IT roles as part of a broader cost review, reinforcing the message that management is focused on improving operating discipline. GM cutting hundreds of salaried IT workers as it cuts costs, evaluates needs
• Neutral Sentiment: GM also agreed to a California privacy settlement tied to the sale of driver data, which adds a legal overhang but is not clearly large enough to be a major immediate stock catalyst. GM agrees California privacy settlement over sale of driver data
• Negative Sentiment: The layoffs underscore pressure on GM’s business as it restructures, and the cutbacks could be read as a sign that management sees inefficiencies or changing skill needs across the company. GM cutting hundreds of salaried IT workers as it cuts costs, evaluates needs

About General Motors

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.