State of Michigan Retirement System Sells 8,100 Shares of General Motors Company $GM

State of Michigan Retirement System trimmed its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 370,008 shares of the auto manufacturer’s stock after selling 8,100 shares during the quarter. State of Michigan Retirement System’s holdings in General Motors were worth $27,566,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new stake in shares of General Motors during the 4th quarter worth approximately $25,000. Elevation Wealth Partners LLC grew its holdings in General Motors by 500.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 275 shares in the last quarter. SouthState Bank Corp increased its position in General Motors by 101.7% during the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 177 shares during the period. Kemnay Advisory Services Inc. bought a new stake in shares of General Motors in the 4th quarter valued at about $30,000. Finally, Founders Capital Management purchased a new stake in shares of General Motors in the 4th quarter worth approximately $31,000. 92.67% of the stock is currently owned by institutional investors.

General Motors Price Performance

Shares of NYSE GM opened at $76.81 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99. The stock has a market capitalization of $69.26 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 0.39 and a beta of 1.31. The firm’s 50 day simple moving average is $78.92 and its 200-day simple moving average is $79.01. General Motors Company has a 12 month low of $48.87 and a 12 month high of $87.62.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The firm had revenue of $43.62 billion during the quarter, compared to analysts’ expectations of $43.51 billion. During the same period in the previous year, the business posted $2.78 EPS. The business’s 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. Analysts expect that General Motors Company will post 12.85 EPS for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. General Motors’s payout ratio is currently 29.03%.

General Motors News Summary

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

• Positive Sentiment: GM is getting attention as a value stock in a market rattled by Middle East tensions, with Zacks highlighting General Motors as a low price-to-cash-flow idea that could appeal to investors looking for solid returns. Article Title
• Positive Sentiment: Investor interest is also being reinforced by a Zacks note calling GM a trending stock, which can help keep the shares in focus ahead of upcoming earnings and encourage near-term trading activity. Article Title
• Positive Sentiment: GM’s upcoming earnings release is approaching, and expectations around the quarterly report can lift sentiment if investors anticipate another strong result like the company’s recent beat-and-raise-style performance. Article Title
• Positive Sentiment: Coverage of the 2027 GMC Sierra 1500 points to refreshed design details and new V8 engines, reinforcing GM’s product pipeline in one of its most important profit centers: full-size trucks. Article Title
• Neutral Sentiment: GM is preparing to demo the old Pontiac division headquarters, a real-estate or legacy-asset story that is unlikely to have a major direct impact on the stock unless it signals broader restructuring. Article Title
• Neutral Sentiment: GM reportedly dropped the Chevy Equinox EV in Brazil, which looks like a regional market decision rather than a companywide setback, so the stock impact should be limited unless it points to softer EV demand abroad. Article Title
• Neutral Sentiment: A feature article on Chevrolet cars for retirees is mostly promotional/consumer-interest content and does not appear to materially change GM’s outlook. Article Title
• Neutral Sentiment: GM’s Middle East sales mix over 25 years highlights the strength of its SUVs and pickups in that region, but the article mainly serves as a brand/market-history note rather than a fresh catalyst. Article Title

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GM shares. Wolfe Research upgraded General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price target on the stock in a report on Wednesday, March 25th. Piper Sandler reiterated an “overweight” rating and set a $102.00 price objective on shares of General Motors in a research note on Wednesday, April 29th. Evercore reissued an “outperform” rating and set a $100.00 target price on shares of General Motors in a research report on Monday, May 4th. Wedbush reiterated an “outperform” rating and issued a $95.00 price target on shares of General Motors in a research note on Monday, May 11th. Finally, Royal Bank Of Canada cut their price objective on shares of General Motors from $95.00 to $94.00 and set an “outperform” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $97.27.

Insider Buying and Selling

In related news, EVP Rory Harvey sold 79,494 shares of General Motors stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $83.02, for a total value of $6,599,591.88. Following the sale, the executive vice president directly owned 46,519 shares in the company, valued at approximately $3,862,007.38. The trade was a 63.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 215,391 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $80.01, for a total value of $17,233,433.91. Following the sale, 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 ownership of the stock. 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 697,388 shares of company stock worth $57,752,596 in the last 90 days. Insiders own 0.54% of the company’s stock.

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.