AXQ Capital LP Has $325,000 Stock Holdings in General Motors Company $GM

AXQ Capital LP cut its stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 61.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,993 shares of the auto manufacturer’s stock after selling 6,268 shares during the period. AXQ Capital LP’s holdings in General Motors were worth $325,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new stake in shares of General Motors during the fourth quarter worth $25,000. Elevation Wealth Partners LLC raised its position in shares of General Motors by 500.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 275 shares during the period. Kelleher Financial Advisors acquired a new stake in shares of General Motors during the third quarter worth $29,000. Founders Capital Management acquired a new stake in shares of General Motors during the fourth quarter worth $31,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of General Motors during the third quarter worth $32,000. 92.67% of the stock is owned by institutional investors and hedge funds.

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General Motors Stock Up 1.9%

NYSE:GM opened at $83.26 on Friday. The firm has a market capitalization of $75.08 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 0.41 and a beta of 1.30. General Motors Company has a 1-year low of $46.81 and a 1-year high of $87.62. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. The business’s fifty day moving average price is $77.55 and its 200 day moving average price is $78.43.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The firm had revenue of $43.62 billion for the quarter, compared to the consensus estimate of $43.51 billion. During the same quarter in the previous year, the company posted $2.78 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, sell-side analysts forecast that General Motors Company will post 12.85 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a $0.18 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. General Motors’s payout ratio is 29.03%.

Insider Buying and Selling at General Motors

In other General Motors news, CAO Christopher Hatto sold 6,895 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $85.00, for a total value of $586,075.00. Following the transaction, the chief accounting officer owned 25,794 shares in the company, valued at $2,192,490. The trade was a 21.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $83.02, for a total value of $6,599,591.88. Following the completion of the transaction, the executive vice president owned 46,519 shares in the company, valued at $3,862,007.38. This trade represents a 63.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 577,567 shares of company stock worth $47,557,888 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GM shares. Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and boosted their target price for the stock from $83.00 to $90.00 in a research report on Tuesday, April 14th. TD Cowen upped their price target on General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. UBS Group upped their price target on General Motors from $102.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Wedbush reissued an “outperform” rating and set a $95.00 price target on shares of General Motors in a research report on Monday, May 11th. Finally, Evercore reissued an “outperform” rating and set a $100.00 price target on shares of General Motors in a research report on Monday, May 4th. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.65.

Get Our Latest Analysis on General Motors

General Motors Company 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.

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

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