Tobam lifted its holdings in General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) by 81.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 59,711 shares of the auto manufacturer’s stock after purchasing an additional 26,811 shares during the quarter. General Motors comprises about 1.2% of Tobam’s holdings, making the stock its 29th biggest position. Tobam’s holdings in General Motors were worth $4,856,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of GM. Franklin Resources Inc. grew its holdings in General Motors by 2.7% in the fourth quarter. Franklin Resources Inc. now owns 32,158,403 shares of the auto manufacturer’s stock valued at $2,615,121,000 after purchasing an additional 835,645 shares during the period. Geode Capital Management LLC lifted its position in shares of General Motors by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 22,242,381 shares of the auto manufacturer’s stock valued at $1,802,668,000 after buying an additional 267,477 shares in the last quarter. Capital World Investors grew its stake in General Motors by 7.8% in the 4th quarter. Capital World Investors now owns 19,536,049 shares of the auto manufacturer’s stock valued at $1,588,688,000 after acquiring an additional 1,405,530 shares during the period. AQR Capital Management LLC increased its holdings in General Motors by 5.5% in the 3rd quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock worth $868,986,000 after acquiring an additional 748,831 shares in the last quarter. Finally, Morgan Stanley raised its position in General Motors by 3.9% during the fourth quarter. Morgan Stanley now owns 13,191,028 shares of the auto manufacturer’s stock worth $1,072,695,000 after acquiring an additional 494,404 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.
Insider Activity at General Motors
In related news, CEO Mary T. Barra sold 99,239 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was 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 of the company’s stock, valued at approximately $50,399,794.20. This trade represents a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $85.00, for a total value of $586,075.00. Following the transaction, the chief accounting officer directly owned 25,794 shares in the company, valued at $2,192,490. This trade represents a 21.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 697,388 shares of company stock valued at $57,752,596. 0.54% of the stock is currently owned by insiders.
General Motors Stock Performance
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $1.09. The company had revenue of $43.62 billion during the quarter, compared to analysts’ expectations of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. General Motors’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.78 EPS. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, sell-side analysts forecast that General Motors Company will post 12.85 earnings per share for the current fiscal year.
General Motors Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were given a $0.18 dividend. The ex-dividend date 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 29.03%.
Wall Street Analysts Forecast Growth
GM has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of General Motors in a report on Friday, June 12th. The Goldman Sachs Group decreased their price target on shares of General Motors from $104.00 to $91.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Citigroup boosted their price objective on General Motors from $108.00 to $131.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Bank of America assumed coverage on General Motors in a report on Wednesday, March 4th. They set a “buy” rating and a $105.00 target price for the company. Finally, Piper Sandler restated an “overweight” rating and issued a $102.00 target price on shares of General Motors in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, General Motors has an average rating of “Moderate Buy” and an average target price of $95.65.
Check Out Our Latest Research Report on GM
Key General Motors News
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: GM Defense announced a collaboration with Lockheed Martin to support U.S. defense manufacturing, a potentially strategic business win that could diversify GM’s industrial footprint and improve investor sentiment. GM Defense, Lockheed Martin to collaborate on US defense manufacturing
- Positive Sentiment: GM also highlighted a software update enabling certain U.S. EV owners to send power back to the electric grid, expanding its vehicle-to-home energy capabilities and reinforcing its EV technology narrative. General Motors (GM) Shares Key Software Update to Enable Power Transmition
- Neutral Sentiment: Recent coverage noted GM’s CEO Mary Barra sold 99,239 shares under a pre-arranged 10b5-1 plan; this is routine insider activity, but it can still create mild investor caution. General Motors (NYSE:GM) CEO Mary Barra Sells 99,239 Shares of Stock
- Neutral Sentiment: There was also attention on GM’s pickup demand shifting faster than expected and a possible Silverado 1500 production change at Oshawa, which suggests product-mix and manufacturing adjustments rather than a clear near-term earnings impact. GM Says Buyers Are Moving Away From Pickups Faster Than Expected GM Reportedly Ending Chevy Silverado 1500 Production At Oshawa Plant
- Negative Sentiment: A GMC dealer lawsuit alleging allocation practices are hurting its business could raise relationship and reputational concerns if it escalates. GMC Dealer Sues GM, Claims Vehicle Allocation Strategy Is Driving It Out Of Business
- Negative Sentiment: Another lawsuit seeking $15 million against GMC adds to legal overhang and may contribute to downside sentiment for GM shares. GMC sued for $15 million by longtime ally as allegations get raised
- Negative Sentiment: Coverage of factory tension at GM’s Factory Zero, including cobot deployment alongside layoffs, may reinforce investor worries about labor friction and restructuring costs. GM, UAW face sudden high-stakes factory rift
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.
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