General Motors Company $GM Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lessened its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 41.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,674 shares of the auto manufacturer’s stock after selling 158,502 shares during the period. Exchange Traded Concepts LLC’s holdings in General Motors were worth $17,164,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Laurel Wealth Advisors LLC acquired a new position in shares of General Motors during the 4th quarter worth approximately $25,000. Evergreen Advisors LLC acquired a new stake in shares of General Motors in the first quarter valued at approximately $26,000. SouthState Bank Corp increased its holdings in shares of General Motors by 101.7% in the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 177 shares during the last quarter. Kelleher Financial Advisors purchased a new position in General Motors during the third quarter worth approximately $29,000. Finally, Kemnay Advisory Services Inc. purchased a new position in General Motors during the fourth quarter worth approximately $30,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Trading Down 0.5%

Shares of General Motors stock opened at $86.29 on Friday. The firm has a market capitalization of $75.72 billion, a price-to-earnings ratio of 43.58, a PEG ratio of 0.40 and a beta of 1.30. General Motors Company has a fifty-two week low of $54.33 and a fifty-two week high of $91.85. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.97 and a current ratio of 1.14. The stock has a 50 day moving average of $81.56 and a 200 day moving average of $79.48.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.38. General Motors had a return on equity of 18.18% and a net margin of 1.05%.The company had revenue of $48.03 billion for the quarter, compared to the consensus estimate of $47.01 billion. During the same quarter in the previous year, the business earned $2.53 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, research analysts predict that General Motors Company will post 13.29 earnings per share 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 issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, September 4th. General Motors’s payout ratio is 36.36%.

Key Stories Impacting General Motors

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

• Positive Sentiment: An analyst raised fiscal 2027 EPS estimates for GM, signaling greater confidence in the automaker’s future profitability. FY2027 EPS Estimates for General Motors Raised by Analyst
• Positive Sentiment: Battery-cell production at GM and LG Energy Solution’s Ohio plant is scheduled to restart after a seven-month shutdown. The restart could improve capacity utilization and support GM’s electric-vehicle supply chain. Battery cell production at Ohio plant to restart for GM EVs
• Positive Sentiment: GM’s $4.5 billion supplier prepayment and parts-security facility is intended to ensure access to critical components and reduce the risk of production disruptions. GM sets up $4.5 billion supply chain prepayment facility

Insider Activity at General Motors

In other General Motors news, President Mark L. Reuss sold 71,079 shares of General Motors stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $89.97, for a total transaction of $6,394,977.63. Following the completion of the sale, the president directly owned 92,293 shares in the company, valued at $8,303,601.21. This trade represents a 43.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Grant Michael Dixton sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $88.44, for a total transaction of $3,537,600.00. Following the completion of the sale, the executive vice president directly owned 54,992 shares in the company, valued at $4,863,492.48. This trade represents a 42.11% 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. Over the last ninety days, insiders sold 1,247,053 shares of company stock worth $106,763,425. 0.44% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on GM shares. Mizuho dropped their target price on General Motors from $105.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $100.00 price target on shares of General Motors in a report on Wednesday, July 22nd. The Goldman Sachs Group boosted their price target on shares of General Motors from $91.00 to $103.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada upped their price objective on shares of General Motors from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Finally, TD Cowen raised their price objective on shares of General Motors from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $101.41.

General Motors Company 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.