General Motors Company $GM Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise trimmed its holdings in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 22.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,025 shares of the auto manufacturer’s stock after selling 7,589 shares during the quarter. Banque Cantonale Vaudoise’s holdings in General Motors were worth $1,939,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Norges Bank acquired a new stake in shares of General Motors in the 4th quarter worth $918,724,000. Viking Global Investors LP boosted its position in shares of General Motors by 81.1% during the 2nd quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock valued at $640,659,000 after acquiring an additional 5,830,050 shares during the last quarter. Life Cycle Investment Partners Ltd acquired a new position in shares of General Motors during the 4th quarter valued at about $309,380,000. Two Sigma Investments LP grew its holdings in shares of General Motors by 348.4% in the third quarter. Two Sigma Investments LP now owns 3,549,170 shares of the auto manufacturer’s stock valued at $216,393,000 after purchasing an additional 2,757,695 shares during the period. Finally, Worldquant Millennium Advisors LLC increased its position in General Motors by 436.8% during the second quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer’s stock worth $130,826,000 after purchasing an additional 2,163,274 shares during the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Price Performance

GM stock opened at $78.20 on Friday. The business’s 50-day moving average is $79.34 and its two-hundred day moving average is $79.37. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99. The firm has a market capitalization of $70.51 billion, a P/E ratio of 31.53, a P/E/G ratio of 0.40 and a beta of 1.30. General Motors Company has a 1 year low of $48.80 and a 1 year high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $1.09. The firm had revenue of $43.62 billion for the quarter, compared to analyst estimates of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Analysts anticipate that General Motors Company will post 12.85 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. General Motors’s dividend payout ratio is currently 29.03%.

Insider Activity

In related news, EVP Rory Harvey sold 9,124 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $84.97, for a total value of $775,266.28. Following the transaction, the executive vice president owned 37,395 shares of the company’s stock, valued at $3,177,453.15. This represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 99,239 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $85.10, for a total value of $8,445,238.90. Following the completion of the sale, the chief executive officer owned 592,242 shares in the company, valued at approximately $50,399,794.20. This represents a 14.35% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 697,388 shares of company stock worth $57,752,596. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GM has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of General Motors from $59.00 to $60.00 and gave the stock an “underweight” rating in a research note on Thursday. Wedbush restated an “outperform” rating and set a $95.00 price target on shares of General Motors in a report on Monday, May 11th. Wall Street Zen raised shares of General Motors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group decreased their price objective on General Motors from $104.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, Evercore reiterated an “outperform” rating and issued a $100.00 price objective on shares of General Motors in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, General Motors presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.70.

View Our Latest Stock Analysis on General Motors

Key General Motors News

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General Motors Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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