Wealthfront Advisers LLC purchased a new position in shares of General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 140,281 shares of the auto manufacturer’s stock, valued at approximately $10,813,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of General Motors during the 2nd quarter valued at $5,958,995,000. Franklin Resources Inc. increased its position in shares of General Motors by 2.7% in 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 stake in 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 in the last quarter. Capital World Investors raised its stake in 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 in the last quarter. Finally, AQR Capital Management LLC lifted its position in General Motors by 5.5% during the third quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock worth $868,986,000 after purchasing an additional 748,831 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting General Motors
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: Positive earnings revisions: Zacks Research raised its FY2026 EPS estimate for GM to $12.89 from $12.85 and its FY2027 estimate to $13.44 from $13.36. The firm also increased its Q4 2027 forecast, reinforcing expectations for improving profitability. Zacks Research earnings estimate revisions
- Positive Sentiment: Broader EV-sector momentum: Tesla and Rivian led pure-play EV stocks higher, lifting sentiment across the auto group and providing a favorable backdrop for GM despite its mixed EV news. EV stocks outperform Ford and General Motors
- Positive Sentiment: Long-term China commitment: GM and SAIC Motor agreed to extend their joint venture for 20 years, focusing on intelligent EVs and global expansion. The agreement signals continued strategic commitment to China and could support GM’s future EV manufacturing presence. GM extends China joint venture
- Neutral Sentiment: China portfolio restructuring: GM is discontinuing Chevrolet sales in China while retaining Buick and Cadillac and continuing some Chevrolet exports. The move may streamline the brand strategy, but it also highlights competitive and demand challenges in the market. GM discontinues Chevrolet sales in China
- Negative Sentiment: Battery-project withdrawal: GM asked to be removed as a partner from LG Energy Solution’s Michigan battery plant, citing EV-demand and strategy considerations. The decision reduces near-term battery capacity commitments but may indicate more cautious EV investment and weaker demand expectations. LG Energy Solution battery plant opens with customers other than GM
- Negative Sentiment: Labor and restructuring risks: GM faces potentially difficult Unifor contract negotiations and plans to eliminate 350 jobs at its Lansing Grand River plant in January 2027, adding uncertainty around costs and North American operations. GM Lansing layoffs
Insider Buying and Selling
Analyst Ratings Changes
Several equities analysts have commented on GM shares. Piper Sandler reissued an “overweight” rating and issued a $102.00 target price on shares of General Motors in a report on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a research report on Friday, July 17th. Jefferies Financial Group raised shares of General Motors from a “hold” rating to a “buy” rating and lifted their price objective for the company from $90.00 to $99.00 in a research note on Monday, July 27th. Tigress Financial boosted their price objective on shares of General Motors from $92.00 to $130.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, Wedbush restated an “outperform” rating and set a $95.00 target price on shares of General Motors in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.41.
Get Our Latest Stock Report on GM
General Motors Stock Up 1.5%
Shares of NYSE:GM opened at $84.98 on Thursday. The company has a fifty day moving average of $81.78 and a 200-day moving average of $79.50. The company has a market capitalization of $74.57 billion, a PE ratio of 42.92, a price-to-earnings-growth ratio of 0.38 and a beta of 1.30. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.97 and a current ratio of 1.14. General Motors Company has a 52-week low of $54.33 and a 52-week high of $91.85.
General Motors (NYSE:GM – Get Free Report) (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, topping the consensus estimate 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 analysts’ expectations of $47.01 billion. During the same period in the previous year, the business posted $2.53 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, equities analysts predict that General Motors Company will post 13.29 EPS for the current fiscal year.
General Motors Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, September 4th. General Motors’s payout ratio is 36.36%.
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.
Read More
- Five stocks we like better than General Motors
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U).
Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.
