General Motors Company $GM Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 18.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 390,124 shares of the auto manufacturer’s stock after selling 88,200 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in General Motors were worth $29,064,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new stake in General Motors during the 4th quarter worth about $25,000. Elevation Wealth Partners LLC increased its holdings in shares of General Motors by 500.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 275 shares during the last quarter. SouthState Bank Corp increased its holdings in shares of General Motors by 101.7% in the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock valued at $29,000 after acquiring an additional 177 shares during the last quarter. Kelleher Financial Advisors acquired a new stake in shares of General Motors during the 3rd quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in General Motors during the fourth quarter worth approximately $30,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other General Motors news, CEO Mary T. Barra sold 215,391 shares of General Motors stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $80.01, for a total value of $17,233,433.91. Following the transaction, the chief executive officer directly owned 770,491 shares in the company, valued at approximately $61,646,984.91. The trade was a 21.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of the company’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 sale, the executive vice president directly owned 46,519 shares of the company’s stock, valued at $3,862,007.38. The trade was a 63.08% 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 valued at $57,752,596. 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:

• Positive Sentiment: GM and Ford signed long-term memory supply agreements with Micron, which should improve access to memory and storage components for next-generation vehicles and support future production plans. Ford, GM sign memory supply agreements with Micron
• Positive Sentiment: JPMorgan issued a positive forecast for GM’s stock, reinforcing the view that analysts see upside despite near-term auto market concerns. JPMorgan Chase & Co. Issues Positive Forecast for General Motors (NYSE:GM) Stock Price
• Positive Sentiment: Coverage highlighting why investors should remain bullish on GM points to its strategic pivot into energy as a longer-term growth driver, helping offset softer U.S. sales trends. Why Investors Should Be Bullish on General Motors Even as U.S. Sales Slip
• Neutral Sentiment: GM’s Ultium Cells unit began producing LFP batteries for energy storage systems at its Spring Hill plant, underscoring diversification beyond EV batteries, though the near-term stock impact is less direct. Ultium Cells launches production of LFP batteries for Energy Storage Systems
• Negative Sentiment: Reports of a GM Arlington plant employee shooting incident are likely a reputational and operational negative, but the market reaction should be limited unless more details emerge. GM Arlington Plant Employee Shot In Parking Lot By Fellow GM Employee

General Motors Price Performance

Shares of NYSE GM opened at $77.93 on Monday. The stock has a market cap of $70.27 billion, a P/E ratio of 31.43, a P/E/G ratio of 0.39 and a beta of 1.31. General Motors Company has a twelve month low of $48.87 and a twelve month high of $87.62. The stock has a 50 day moving average of $78.91 and a two-hundred day moving average of $79.09. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.61 by $1.09. The business 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 company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm posted $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, research analysts forecast that General Motors Company will post 12.85 earnings per share for the current year.

General Motors Dividend Announcement

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

Wall Street Analysts Forecast Growth

GM has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on General Motors from $59.00 to $60.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. Mizuho lowered their target price on shares of General Motors from $105.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $102.00 target price on shares of General Motors in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and lifted their price target for the stock from $83.00 to $90.00 in a research note on Tuesday, April 14th. Finally, UBS Group reissued a “buy” rating on shares of General Motors in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, General Motors currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.32.

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.