State of Wyoming acquired a new stake in shares of General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,956 shares of the auto manufacturer’s stock, valued at approximately $922,000.
A number of other institutional investors have also recently added to or reduced their stakes in GM. Laurel Wealth Advisors LLC acquired a new stake in General Motors in the fourth quarter worth $25,000. Evergreen Advisors LLC acquired a new position in shares of General Motors during the first quarter valued at $26,000. SouthState Bank Corp boosted its holdings in shares of General Motors by 101.7% during the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock valued at $29,000 after acquiring an additional 177 shares during the period. Kelleher Financial Advisors bought a new position in shares of General Motors during the third quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of General Motors during the fourth quarter worth about $30,000. 92.67% of the stock is currently owned by institutional investors.
General Motors Price Performance
Shares of NYSE:GM opened at $86.73 on Friday. General Motors Company has a 12 month low of $54.33 and a 12 month high of $91.85. The stock has a market cap of $76.10 billion, a price-to-earnings ratio of 43.80, a PEG ratio of 0.40 and a beta of 1.30. The stock’s 50 day moving average price is $81.66 and its 200 day moving average price is $79.53. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.14 and a quick ratio of 0.97.
General Motors Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be issued a $0.18 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. General Motors’s dividend payout ratio is 36.36%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on GM. Wedbush reiterated an “outperform” rating and issued a $95.00 price objective on shares of General Motors in a research report on Monday, May 11th. UBS Group restated a “buy” rating on shares of General Motors in a research report on Wednesday, June 10th. JPMorgan Chase & Co. raised their price target on shares of General Motors from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Barclays lifted their price target on General Motors from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Finally, TD Cowen boosted their price objective on General Motors from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, General Motors has a consensus rating of “Moderate Buy” and an average price target of $101.41.
View Our Latest Research Report on General Motors
Insiders Place Their Bets
In related news, CEO Mary T. Barra sold 318,448 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the completion of the transaction, the chief executive officer owned 428,994 shares of the company’s stock, valued at $38,772,477.72. This trade represents a 42.61% decrease in their ownership of the stock. The sale was disclosed in a filing 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 8,882 shares of General Motors stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $86.95, for a total value of $772,289.90. Following the transaction, the executive vice president directly owned 28,513 shares in the company, valued at approximately $2,479,205.35. The trade was a 23.75% 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. Over the last 90 days, insiders have sold 1,247,053 shares of company stock valued at $106,763,425. 0.44% of the stock is currently owned by insiders.
General Motors News Roundup
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: Ohio EV battery production is restarting. GM and LG Energy Solution plan to resume battery-cell production at their Ohio facility after a seven-month shutdown, bringing approximately 1,400 workers back. The restart could improve plant utilization and supports GM’s efforts to expand EV production, although it also suggests demand and capacity remain closely managed. Why Is General Motors Resuming EV Battery Production in Ohio?
- Positive Sentiment: Expectations for future earnings are improving. An analyst raised estimates for GM’s fiscal 2027 earnings, adding to the recent bullish narrative around stronger core operations, improving profitability, and growth in software and digital services. GM’s prior quarterly results also exceeded consensus estimates for revenue and EPS. FY2027 EPS Estimates for General Motors Raised by Analyst
- Neutral Sentiment: GM is stepping back from an Indiana battery project while preserving its Samsung SDI relationship. Exiting a planned joint venture valued at approximately $3.5 billion may reduce near-term capital commitments and reflect a more disciplined approach to EV capacity. However, the decision also highlights uncertainty about battery demand and the pace of EV adoption. GM Steps Back From Indiana Battery Project While Maintaining Samsung SDI Partnership
- Negative Sentiment: Potential changes to the North American trade agreement are a major risk. Detroit automakers are warning that proposed revisions could cost the industry billions and weaken competitiveness. Higher costs, disrupted supply chains, or reduced tariff benefits would pressure GM’s margins and vehicle pricing. Detroit automakers fear North American trade deal revamp could cost them billions
- Negative Sentiment: GM’s retreat from China reflects longer-term competitive and growth concerns. The U.S. automaker is reducing its exposure to China as local manufacturers expand and move closer to Western markets, limiting GM’s growth opportunities in the world’s largest auto market. American auto retreat from China accelerates
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.
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