Wedge Capital Management L L P NC Has $33.79 Million Position in General Motors Company $GM

Wedge Capital Management L L P NC boosted its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 4.7% during the second quarter, Holdings Channel reports. The fund owned 438,424 shares of the auto manufacturer’s stock after purchasing an additional 19,575 shares during the period. Wedge Capital Management L L P NC’s holdings in General Motors were worth $33,794,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Franklin Resources Inc. boosted its position in General Motors by 2.7% during the fourth quarter. Franklin Resources Inc. now owns 32,158,403 shares of the auto manufacturer’s stock worth $2,615,121,000 after purchasing an additional 835,645 shares during the period. Geode Capital Management LLC raised its position in shares of General Motors by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 22,242,381 shares of the auto manufacturer’s stock valued at $1,802,668,000 after purchasing an additional 267,477 shares during the period. Capital World Investors raised its position in shares of General Motors by 7.8% in the fourth quarter. Capital World Investors now owns 19,536,049 shares of the auto manufacturer’s stock valued at $1,588,688,000 after purchasing an additional 1,405,530 shares during the period. AQR Capital Management LLC lifted its stake in shares of General Motors by 5.5% during the 3rd quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock worth $868,986,000 after buying an additional 748,831 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of General Motors by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,225,518 shares of the auto manufacturer’s stock worth $1,059,668,000 after buying an additional 77,100 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Price Performance

Shares of General Motors stock opened at $89.28 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $78.34 billion, a price-to-earnings ratio of 45.09, a price-to-earnings-growth ratio of 0.40 and a beta of 1.30. General Motors Company has a twelve month low of $53.95 and a twelve month high of $91.85. The company has a 50-day simple moving average of $81.40 and a two-hundred day simple moving average of $79.40.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.38. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The company had revenue of $48.03 billion during the quarter, compared to the consensus estimate of $47.01 billion. During the same period in the previous year, the business earned $2.53 earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Analysts forecast that General Motors Company will post 13.29 EPS for the current year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, September 4th. General Motors’s payout ratio is currently 36.36%.

Analysts Set New Price Targets

GM has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a research note on Friday, July 17th. Evercore restated an “outperform” rating and set a $100.00 price objective on shares of General Motors in a research report on Monday, May 4th. Wells Fargo & Company boosted their price objective on General Motors from $60.00 to $61.00 and gave the stock an “underweight” rating in a report on Wednesday, July 22nd. Wedbush reaffirmed an “outperform” rating and issued a $95.00 target price on shares of General Motors in a research report on Monday, May 11th. Finally, Mizuho reduced their price target on General Motors from $105.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. One 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.41.

General Motors News Roundup

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

• Positive Sentiment: GM is creating a parts-supply “safety net.” The automaker reached an agreement worth up to $4.5 billion with a third-party inventory-management company to secure critical components and reduce the risk of production disruptions. The move addresses vulnerabilities exposed by recent industry supply shocks and could improve manufacturing reliability. GM reaches up to $4.5 billion parts deal designed to avoid supply chain troubles
• Positive Sentiment: GM is exiting its Indiana battery joint venture with Samsung SDI. Samsung SDI will take full ownership of the planned $3.5 billion facility, which will now focus partly on energy-storage systems and other applications. For GM, the transaction reduces exposure to weaker-than-expected EV battery demand and frees capital, reinforcing its strategy of moderating EV investment. Samsung SDI takes full control of GM’s Indiana battery plant
• Positive Sentiment: Analyst earnings expectations remain favorable. Erste Group raised its fiscal 2027 EPS estimate for GM to $15.04 from $14.99, while GM’s recent quarterly results exceeded consensus estimates for both earnings and revenue. The company has also been highlighted among companies that raised guidance during the second-quarter earnings season.
• Neutral Sentiment: GM and EVgo are expanding fast-charging infrastructure. The companies opened a flagship charging site in the Detroit area and expect more than 100 additional stalls to be operational by the end of 2026. The expansion supports GM’s EV ecosystem, although the near-term financial contribution is uncertain. EVgo and GM Enhance the Charging Experience with New Flagship Sites
• Negative Sentiment: Labor negotiations could introduce risk. Canadian union Unifor has begun talks with GM following a Ford agreement. Potential wage or contract concessions may pressure costs, though no dispute or disruption has been reported.

Insider Buying and Selling at General Motors

In other General Motors news, CAO Christopher Hatto sold 6,895 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $90.00, for a total transaction of $620,550.00. Following the completion of the sale, the chief accounting officer directly owned 18,899 shares in the company, valued at approximately $1,700,910. This trade represents a 26.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Mark L. Reuss sold 71,079 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $89.97, for a total value of $6,394,977.63. Following the completion of the transaction, the president directly owned 92,293 shares in the company, valued at $8,303,601.21. This represents a 43.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,247,053 shares of company stock worth $106,763,425. Company insiders own 0.44% of the company’s stock.

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.