Jupiter Topco LLC bought a new stake in 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 firm bought 341,668 shares of the auto manufacturer’s stock, valued at approximately $26,331,000.
Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in General Motors in the second quarter worth $5,958,995,000. Norges Bank bought a new stake in shares of General Motors during the 4th quarter valued at $918,724,000. Legal & General Group Plc bought a new stake in shares of General Motors during the 2nd quarter valued at $599,066,000. Bank of New York Mellon Corp purchased a new stake in shares of General Motors in the 2nd quarter worth about $522,916,000. Finally, Viking Global Investors LP grew its position in shares of General Motors by 81.1% in the 2nd quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after buying an additional 5,830,050 shares during the period. 92.67% of the stock is currently owned by institutional investors.
General Motors News Roundup
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: Ultium Cells is recalling laid-off workers at its Lordstown, Ohio, battery plant as orders from GM increase. The development suggests improving utilization of GM’s EV battery operations and could support progress toward better EV economics. Ultium Cells in Lordstown recalls laid-off workers as GM battery orders rise
- Positive Sentiment: Analyst coverage remains constructive: brokerages reportedly assign GM a consensus price target of $101.41, implying further upside from current levels if the company meets earnings expectations. General Motors Company Receives $101.41 Consensus PT from Brokerages
- Positive Sentiment: Industry analysts cite resilient U.S. vehicle demand, evolving EV trends and new tax benefits as potential supports for domestic automakers, including GM. 4 Domestic Auto Biggies Poised to Benefit From Industry Resilience
- Positive Sentiment: From a technical perspective, GM is holding support near $86 and forming a bullish-flag pattern, which may attract momentum-oriented investors if resistance is broken. Tesla, Ford and GM Stocks Test Key Technical Boundaries
- Neutral Sentiment: GM is giving first-time franchise owners an opportunity to take over a troubled dealership, a potentially positive distribution initiative but one unlikely to materially affect near-term earnings. General Motors gives first-time dealers a chance to turn around troubled store
- Neutral Sentiment: Reports on GM’s V8-engine standardization, experimental engines and planned 2027 model updates provide product and strategy context but do not signal a clear immediate earnings impact. GM is making major changes to some of its biggest models in 2027
- Negative Sentiment: NHTSA opened an engineering analysis covering 997,743 GM pickups and SUVs with the L87 V-8 engine, including the Chevrolet Silverado 1500, GMC Yukon and Cadillac Escalade. Potential engine failures could lead to recalls, repair costs, warranty expense and reputational damage, making this the principal near-term risk for GM. General Motors Faces Safety Probe Over Engine Failures in Nearly 1 Million Vehicles
Analysts Set New Price Targets
View Our Latest Stock Analysis on General Motors
Insider Buying and Selling at General Motors
In other General Motors news, EVP Rory Harvey sold 8,882 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $86.95, for a total transaction of $772,289.90. Following the completion of the sale, the executive vice president directly owned 28,513 shares in the company, valued at $2,479,205.35. The trade was a 23.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $90.00, for a total transaction of $620,550.00. Following the sale, the chief accounting officer directly owned 18,899 shares of the company’s stock, valued at $1,700,910. The trade was a 26.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 669,486 shares of company stock worth $59,205,537. 0.44% of the stock is owned by corporate insiders.
General Motors Price Performance
Shares of GM opened at $86.31 on Friday. The firm has a fifty day simple moving average of $82.54 and a two-hundred day simple moving average of $79.63. The firm has a market cap of $75.73 billion, a PE ratio of 43.59, a P/E/G ratio of 0.39 and a beta of 1.30. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.42. General Motors Company has a 1-year low of $54.33 and a 1-year high of $91.85.
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.38. The firm had revenue of $48.03 billion for the quarter, compared to the consensus estimate of $47.01 billion. General Motors had a return on equity of 18.18% and a net margin of 1.05%.The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the business posted $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, equities analysts anticipate that General Motors Company will post 13.29 EPS for the current year.
General Motors Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, September 4th. General Motors’s dividend payout ratio (DPR) is presently 36.36%.
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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