Howard Capital Management LLC decreased its stake in General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) by 17.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,365 shares of the auto manufacturer’s stock after selling 17,714 shares during the period. Howard Capital Management LLC’s holdings in General Motors were worth $6,573,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GM. BlackRock Inc. acquired a new stake in General Motors in the second quarter worth $5,958,995,000. Dimensional Fund Advisors LP lifted its stake in General Motors by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 14,225,518 shares of the auto manufacturer’s stock valued at $1,059,668,000 after buying an additional 77,100 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in General Motors by 1.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,559,990 shares of the auto manufacturer’s stock valued at $659,804,000 after buying an additional 101,885 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of General Motors during the second quarter valued at $629,465,000. Finally, Legal & General Group Plc bought a new position in shares of General Motors during the second quarter worth about $599,066,000. Institutional investors and hedge funds own 92.67% of the company’s stock.
Insider Activity
In other General Motors news, President Mark Reuss sold 71,079 shares of the firm’s 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 transaction, the president owned 92,293 shares of the company’s stock, valued at approximately $8,303,601.21. This trade represents a 43.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 8,882 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $86.95, for a total transaction of $772,289.90. Following the sale, the executive vice president owned 28,513 shares in the company, valued at $2,479,205.35. This trade represents a 23.75% 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. Insiders have sold 549,665 shares of company stock worth $49,010,828 in the last 90 days. 0.44% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of General Motors from $103.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. UBS Group cut their price objective on shares of General Motors from $114.00 to $112.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Wells Fargo & Company boosted their target price on shares of General Motors from $60.00 to $61.00 and gave the company an “underweight” rating in a research note on Wednesday, July 22nd. Benchmark restated a “buy” rating and issued a $105.00 target price (up from $90.00) on shares of General Motors in a research report on Tuesday, July 21st. Finally, Morgan Stanley upped their target price on shares of General Motors from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.22.
Get Our Latest Stock Report on General Motors
Key Headlines Impacting General Motors
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: Analysts expect GM to beat third-quarter earnings estimates, supported by resilient vehicle demand, strategic pricing and higher deliveries. The company is among four automakers identified as having a favorable Earnings ESP setup. Q3 Auto Earnings Preview
- Positive Sentiment: GM is being highlighted as a strong value stock, which may attract investors as money moves away from richly valued technology shares. Its prior quarter also showed earnings and revenue above consensus estimates, although investors will focus on whether that momentum continued in Q3. GM Value Stock Analysis
- Positive Sentiment: GM’s expansion of higher-margin digital services, including OnStar and Super Cruise, could improve profitability beyond traditional vehicle sales. The company is also progressing toward eyes-off driving technology, with an anticipated launch in the 2028 Cadillac Escalade IQ. Developments Affecting Ford and GM
- Neutral Sentiment: GM is attracting unusually high investor attention ahead of its earnings release. That visibility can support trading interest, but the coverage itself does not change the company’s fundamentals. GM Trending Stock
- Neutral Sentiment: GlobalFoundries plans two New York semiconductor fabs backed by as much as $21 billion in Japanese funding, with GM listed among prospective customers before the facilities begin operating in 2029. The arrangement could strengthen long-term chip availability, but its financial impact is several years away. GlobalFoundries Chipmaking Deal
- Negative Sentiment: A proposed class-action lawsuit alleges GM concealed an engine defect that can cause failures. The claims remain allegations, but litigation, recalls or potential repair costs could create financial and reputational risks. GM Engine Defect Lawsuit
- Negative Sentiment: A recent analysis notes that GM’s stock has substantially outperformed the market even as vehicle sales remained roughly flat and profitability declined over the latest twelve months, raising concerns that valuation may be ahead of underlying business growth. GM Stock Performance Analysis
General Motors Stock Performance
GM stock traded up $0.30 during trading on Friday, reaching $83.96. 7,486,418 shares of the company’s stock were exchanged, compared to its average volume of 7,527,913. General Motors Company has a 1-year low of $57.55 and a 1-year high of $91.85. The firm has a market cap of $73.67 billion, a PE ratio of 42.40, a P/E/G ratio of 0.46 and a beta of 1.40. The company’s fifty day moving average price is $84.34 and its 200-day moving average price is $81.10. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42.
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last issued its quarterly 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 analyst estimates of $47.01 billion. During the same period last year, the company earned $2.53 earnings per share. The company’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, research analysts expect that General Motors Company will post 13.53 EPS for the current fiscal year.
General Motors Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Friday, September 4th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, September 4th. General Motors’s dividend payout ratio is currently 36.36%.
General Motors Company Profile
General Motors Company (NYSE:GM) is a global automotive manufacturer headquartered in Detroit, Michigan. Founded in 1908, the company designs, manufactures and sells cars, trucks and sport utility vehicles under brands including Chevrolet, Buick, GMC and Cadillac.
GM serves customers primarily in North America and also operates in international markets. Its business includes gasoline-powered and electric vehicles, commercial and fleet vehicles, vehicle financing through GM Financial, and connected-vehicle services such as OnStar.
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