CWA Asset Management Group LLC Has $10.66 Million Stock Position in General Motors Company $GM

CWA Asset Management Group LLC raised its holdings in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 6.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 131,080 shares of the auto manufacturer’s stock after acquiring an additional 8,416 shares during the quarter. CWA Asset Management Group LLC’s holdings in General Motors were worth $10,659,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Steigerwald Gordon & Koch Inc. bought a new position in General Motors in the third quarter valued at $29,000. Kelleher Financial Advisors acquired a new stake in General Motors in the 3rd quarter valued at $29,000. JPL Wealth Management LLC bought a new stake in General Motors during the 3rd quarter worth about $32,000. Armstrong Advisory Group Inc. boosted its stake in shares of General Motors by 94.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock worth $33,000 after buying an additional 265 shares during the last quarter. Finally, ESL Trust Services LLC bought a new position in shares of General Motors in the 3rd quarter valued at about $37,000. Institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

General Motors stock opened at $72.74 on Friday. The stock’s 50 day moving average is $79.76 and its 200 day moving average is $72.71. General Motors Company has a one year low of $41.60 and a one year high of $87.62. The firm has a market cap of $65.75 billion, a P/E ratio of 24.17, a P/E/G ratio of 0.40 and a beta of 1.37. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 1.01.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.25. The firm had revenue of $45.29 billion during the quarter, compared to analyst estimates of $45.81 billion. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The company’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.92 EPS. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. As a group, research analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors declared that its Board of Directors has initiated a share repurchase plan on Tuesday, January 27th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to purchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

General Motors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, March 6th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.0%. This is an increase from General Motors’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, March 6th. General Motors’s payout ratio is currently 23.92%.

More General Motors News

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Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $100.00 target price on shares of General Motors in a research report on Wednesday, January 28th. Wedbush raised their price target on General Motors from $75.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. DZ Bank raised General Motors from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Thursday, January 29th. Benchmark increased their price objective on General Motors from $65.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Finally, Jefferies Financial Group raised their target price on shares of General Motors from $85.00 to $97.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.39.

Check Out Our Latest Research 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.

See Also

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

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