General Motors Company $GM Shares Bought by Heritage Trust Co

Heritage Trust Co lifted its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 12.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,390 shares of the auto manufacturer’s stock after acquiring an additional 14,673 shares during the period. General Motors makes up 1.1% of Heritage Trust Co’s portfolio, making the stock its 19th biggest position. Heritage Trust Co’s holdings in General Motors were worth $10,441,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GM. Brighton Jones LLC increased its position in shares of General Motors by 456.1% in the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock worth $2,062,000 after acquiring an additional 31,755 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in General Motors by 61.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock valued at $913,000 after acquiring an additional 7,058 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of General Motors by 4.8% in the 2nd quarter. Baird Financial Group Inc. now owns 37,524 shares of the auto manufacturer’s stock worth $1,847,000 after buying an additional 1,706 shares during the last quarter. Jump Financial LLC lifted its position in shares of General Motors by 45.7% in the 2nd quarter. Jump Financial LLC now owns 25,366 shares of the auto manufacturer’s stock worth $1,248,000 after buying an additional 7,951 shares during the last quarter. Finally, AXA S.A. lifted its position in shares of General Motors by 69.4% in the 2nd quarter. AXA S.A. now owns 66,547 shares of the auto manufacturer’s stock worth $3,275,000 after buying an additional 27,270 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Activity

In other news, EVP Rory Harvey sold 79,494 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $83.02, for a total transaction of $6,599,591.88. Following the completion of the transaction, the executive vice president owned 46,519 shares in the company, valued at approximately $3,862,007.38. This trade represents a 63.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 215,391 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $80.01, for a total transaction of $17,233,433.91. Following the transaction, 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 554,567 shares of company stock worth $45,602,888. Corporate insiders own 0.54% of the company’s stock.

Trending Headlines about General Motors

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

• Negative Sentiment: Nearly 1,000 workers at an American Axle plant in Michigan have gone on strike, raising the risk of disruptions to parts used in GM’s highly profitable Chevy Silverado and GMC Sierra pickups. Any prolonged outage could hurt near-term production, revenue, and margins. Reuters: UAW calls for a midnight strike at GM pickup truck axle supplier
• Negative Sentiment: CNBC and Reuters reports reinforced the same supply-chain risk, with the UAW strike at a key GM supplier increasing investor worries that truck output could be interrupted. CNBC: UAW union strike threatens General Motors truck production
• Negative Sentiment: GM also disclosed insider selling by Chief Accounting Officer Christopher Hatto and EVP Rory Harvey. Both sales were made under pre-arranged 10b5-1 plans, but insider transactions can still weigh on sentiment. Insider trade disclosure for Christopher Hatto
• Neutral Sentiment: GM’s AI/ML development story suggests the company is working to speed up engineering and product development, which is positive strategically, but it is not a near-term stock catalyst. Ars Technica: From 15 hours to one minute: How AI/ML is speeding up GM’s development

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GM shares. TD Cowen increased their price objective on shares of General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Bank of America started coverage on shares of General Motors in a report on Wednesday, March 4th. They issued a “buy” rating and a $105.00 price objective on the stock. Evercore reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of General Motors in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and increased their price objective for the stock from $83.00 to $90.00 in a report on Tuesday, April 14th. Finally, Royal Bank Of Canada dropped their price objective on shares of General Motors from $96.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, General Motors has a consensus rating of “Moderate Buy” and an average price target of $95.65.

General Motors Stock Performance

NYSE:GM opened at $82.69 on Tuesday. General Motors Company has a twelve month low of $46.81 and a twelve month high of $87.62. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. The company has a 50-day moving average of $77.11 and a 200-day moving average of $78.20. The firm has a market cap of $74.56 billion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 0.42 and a beta of 1.30.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share 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 company had revenue of $43.62 billion during the quarter, compared to analyst estimates of $43.51 billion. During the same quarter last year, the firm posted $2.78 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Analysts forecast that General Motors Company will post 12.85 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, June 5th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. General Motors’s dividend payout ratio (DPR) is 29.03%.

General Motors Profile

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.