General Motors Company $GM Stock Sold by Ethic Inc.

Ethic Inc. decreased its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 22.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 82,189 shares of the auto manufacturer’s stock after selling 23,192 shares during the quarter. Ethic Inc.’s holdings in General Motors were worth $6,329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of General Motors during the 2nd quarter worth $5,958,995,000. Dimensional Fund Advisors LP grew its holdings in shares of General Motors by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 14,225,518 shares of the auto manufacturer’s stock valued at $1,059,668,000 after purchasing an additional 77,100 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in General Motors by 1.2% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,559,990 shares of the auto manufacturer’s stock worth $659,804,000 after purchasing an additional 101,885 shares during the last quarter. Bank of America Corp DE acquired a new stake in General Motors during the second quarter worth about $629,465,000. Finally, Legal & General Group Plc acquired a new stake in General Motors during the second quarter worth about $599,066,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Trading Up 4.0%

Shares of GM stock opened at $89.60 on Tuesday. General Motors Company has a 1-year low of $67.06 and a 1-year high of $93.70. The firm has a market cap of $75.58 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 0.52 and a beta of 1.40. The company has a 50-day moving average of $83.41 and a two-hundred day moving average of $80.88. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.09 and a quick ratio of 0.94.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.01. General Motors had a net margin of 2.12% and a return on equity of 19.36%. The business had revenue of $50.02 billion for the quarter, compared to the consensus estimate of $48.78 billion. During the same period in the previous year, the firm earned $2.80 EPS. The business’s revenue was up 2.9% on a year-over-year basis. On average, analysts predict that General Motors Company will post 13.37 EPS for the current year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Friday, December 4th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, December 4th. General Motors’s dividend payout ratio (DPR) is 16.51%.

General Motors announced that its board has initiated a stock buyback plan on Tuesday, October 20th that permits the company to buy back $20 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to repurchase up to 27.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GM. Barclays decreased their target price on shares of General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Morgan Stanley dropped their price target on shares of General Motors from $101.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday, October 21st. Royal Bank Of Canada cut their price target on shares of General Motors from $102.00 to $98.00 and set an “outperform” rating for the company in a report on Wednesday, October 21st. The Goldman Sachs Group reduced their price target on shares of General Motors from $112.00 to $96.00 and set a “buy” rating on the stock in a research report on Wednesday, October 21st. Finally, TD Cowen reiterated a “buy” rating and issued a $132.00 price objective on shares of General Motors in a report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, General Motors has an average rating of “Moderate Buy” and a consensus target price of $101.44.

Insiders Place Their Bets

In other General Motors news, EVP Rory Harvey sold 16,513 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $89.64, for a total value of $1,480,225.32. Following the sale, the executive vice president owned 12,000 shares of the company’s stock, valued at $1,075,680. The trade was a 57.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.44% of the company’s stock.

Key General Motors News

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

• Positive Sentiment: GM’s next-generation 2027 Silverado and Sierra pickups are expected to offer upgraded engines and higher-end trims, potentially supporting a more profitable product mix. Article: Can GM’s Next-Generation Pickups Support Growth in 2027?
• Positive Sentiment: Rising OnStar subscriptions and Super Cruise adoption could expand recurring software revenue. GM also announced a new in-car AI assistant, adding to its technology offerings, though the revenue impact is not yet clear. Article: Can OnStar and Super Cruise Drive GM’s Digital Revenue Growth? Article: GM just announced a new in-car AI assistant
• Positive Sentiment: A report highlighting GM’s $20 billion stock-buyback plan points to a potential boost to per-share value as the company reduces its share count. Article: Ford Yields Nearly 5%. GM Is Buying Back $20 Billion in Stock.
• Neutral Sentiment: GM Insurance plans to enter Maryland’s auto market, expanding its insurance business; the article does not specify the expected financial contribution. Article: GM Insurance to Enter Maryland Auto Market
• Negative Sentiment: GM is recalling 67,380 EVs after software briefly interrupted low-speed braking, raising safety concerns and potentially adding repair and warranty costs. A separate report also notes a recall affecting more than 87,000 vehicles. Article: GM Recalls Over 67,000 EVs For Brake Glitch Article: GM recalls more than 87,000 vehicles
• Negative Sentiment: A $220 million OnStar settlement tied to allegations that drivers were misled about the collection and sharing of their data creates a financial cost and continued privacy-related reputational risk. Article: General Motors Could Be 17% Undervalued After $220 Million OnStar Settlement

About General Motors

General Motors Company designs, manufactures and sells cars, trucks, crossovers and sport utility vehicles. Its vehicle brands include Chevrolet, Buick, GMC and Cadillac, and its offerings also include vehicle parts, software and related services. GM Financial provides automotive financing and leasing products to customers and dealers.

Founded in 1908, General Motors is headquartered in Detroit, Michigan. The company serves customers in North America and international markets, with operations and sales spanning multiple regions.

Mary Barra has served as GM’s chief executive officer since 2014.