West Family Investments Inc. purchased a new stake in General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,028 shares of the auto manufacturer’s stock, valued at approximately $465,000.
Other hedge funds also recently made changes to their positions in the company. Denali Advisors LLC lifted its stake in shares of General Motors by 5.4% in the second quarter. Denali Advisors LLC now owns 11,700 shares of the auto manufacturer’s stock worth $902,000 after acquiring an additional 600 shares during the period. NewEdge Wealth LLC acquired a new stake in General Motors during the 2nd quarter valued at approximately $2,418,000. Empirical Asset Management LLC acquired a new stake in General Motors during the 2nd quarter valued at approximately $417,000. Great Lakes Advisors LLC bought a new position in General Motors during the 2nd quarter worth approximately $10,625,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in shares of General Motors in the 2nd quarter worth approximately $31,000. 92.67% of the stock is currently owned by institutional investors.
General Motors Stock Up 1.1%
General Motors stock opened at $85.92 on Friday. The company has a market capitalization of $75.39 billion, a PE ratio of 43.39, a PEG ratio of 0.39 and a beta of 1.30. General Motors Company has a 12-month low of $54.33 and a 12-month high of $91.85. The firm’s fifty day moving average is $81.88 and its 200 day moving average is $79.52. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42.
General Motors Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders 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 yield of 0.8%. General Motors’s dividend payout ratio is presently 36.36%.
Insider Transactions at General Motors
In other news, CEO Mary T. Barra sold 318,448 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 428,994 shares in the company, valued at $38,772,477.72. The trade was a 42.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Grant Michael Dixton sold 40,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $88.44, for a total value of $3,537,600.00. Following the completion of the transaction, the executive vice president owned 54,992 shares in the company, valued at approximately $4,863,492.48. This represents a 42.11% 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. In the last ninety days, insiders have sold 1,241,401 shares of company stock valued at $106,313,695. Company insiders own 0.44% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently weighed in on GM. JPMorgan Chase & Co. lifted their target price on shares of General Motors from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Evercore reaffirmed an “outperform” rating and set a $100.00 price target on shares of General Motors in a research report on Monday, May 4th. Piper Sandler reiterated an “overweight” rating and set a $102.00 price target on shares of General Motors in a report on Wednesday, April 29th. Mizuho lowered their price objective on General Motors from $105.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Finally, TD Cowen boosted their price objective on General Motors from $126.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.41.
Get Our Latest Stock Report on GM
Key Headlines Impacting General Motors
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: GM is outperforming Ford as the earlier product-driven rally in Ford shares fades. The contrast suggests GM’s move is being viewed as more fundamental, helped by its recent earnings performance and improved investor sentiment. Ford Drops 4% as Bronco Pickup Rally Fades, Tesla Slips, General Motors Inches Higher
- Positive Sentiment: GM’s latest quarterly results exceeded expectations, with adjusted EPS of $3.57 versus the $3.19 consensus and revenue of $48.03 billion versus estimates of $47.01 billion. Revenue also grew year over year, reinforcing confidence in the company’s full-year earnings outlook.
- Positive Sentiment: The stock remains up since its latest earnings report, while analysts and market commentary point to momentum from GM’s roughly $6 billion buyback, raised guidance and a stronger shareholder-return story relative to Ford. GM Sprinted Past Ford After Its $6 Billion Buyback
- Positive Sentiment: One valuation analysis raised GM’s fair-value estimate from $94.81 to $100.04 per share. Separately, an EVgo fast-charging station opened in metropolitan Detroit with GM support, highlighting the company’s efforts to build out its EV ecosystem. General Motors Stock Fair Value Rises
- Neutral Sentiment: Analyst estimate revisions were mixed: forecasts increased for fourth-quarter 2026 and fiscal 2027 EPS, but one estimate for first-quarter 2028 EPS was reduced. The consensus full-year EPS forecast remains $13.29.
- Negative Sentiment: GM plans to discontinue Chevrolet sales in China while retaining Buick and Cadillac operations. Although its SAIC joint venture was extended for 20 years, the Chevrolet exit underscores competitive and restructuring challenges in the Chinese market. GM Discontinues Chevrolet Sales in China
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.
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