5 Most Undervalued Retail Stocks To Buy According To Hedge Funds

2. General Motors Company (NYSE:GM)

Number of Hedge Fund Holders: 74

One of the biggest names in the automotive retail segment, General Motors Company (NYSE:GM) is one of the most popular retail stocks to buy according to hedge funds. General Motors Company (NYSE:GM) has gained over 22% year to date as of February 2. Still, its PE ratio stands at 6.76. As of the end of the third quarter of 2022, 74 hedge funds out of the 920 funds tracked by Insider Monkey reported owning stakes in General Motors Company (NYSE:GM). The biggest stakeholder of General Motors Company (NYSE:GM) was Warren Buffett’s Berkshire Hathaway which reported owning a $1.6 billion stake in the company at the end of September.

General Motors Company (NYSE:GM) on February 1 declared a quarterly dividend $0.09 per share, in line with the previous quarterly dividend. Forward dividend yield at the time came in at 0.92%. The dividend is payable on March 16 to shareholders of record as of March 3.