Clear Harbor Asset Management LLC Lowers Holdings in General Motors Company $GM

Clear Harbor Asset Management LLC lessened its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 40.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,460 shares of the auto manufacturer’s stock after selling 10,663 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in General Motors were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Tsfg LLC raised its position in shares of General Motors by 5.7% in the 4th quarter. Tsfg LLC now owns 2,241 shares of the auto manufacturer’s stock worth $182,000 after purchasing an additional 120 shares during the last quarter. Bogart Wealth LLC raised its position in shares of General Motors by 15.6% in the 4th quarter. Bogart Wealth LLC now owns 905 shares of the auto manufacturer’s stock worth $74,000 after purchasing an additional 122 shares during the last quarter. PDS Planning Inc raised its position in shares of General Motors by 3.4% in the 4th quarter. PDS Planning Inc now owns 3,996 shares of the auto manufacturer’s stock worth $325,000 after purchasing an additional 131 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of General Motors by 0.9% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 15,043 shares of the auto manufacturer’s stock worth $1,223,000 after purchasing an additional 138 shares during the last quarter. Finally, Fourth Dimension Wealth LLC raised its position in shares of General Motors by 47.3% in the 4th quarter. Fourth Dimension Wealth LLC now owns 442 shares of the auto manufacturer’s stock worth $36,000 after purchasing an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Key Stories Impacting General Motors

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

• Negative Sentiment: A UAW-backed strike at American Axle’s Michigan plant is threatening production of GM’s highly profitable Chevy Silverado and GMC Sierra trucks, which could disrupt supply and weigh on near-term revenue and margins. UAW calls for a midnight strike at GM pickup truck axle supplier
• Negative Sentiment: Reuters and CNBC both reported that nearly 1,000 supplier workers have gone on strike, reinforcing investor worries that GM truck output could face interruptions. UAW union strike threatens General Motors truck production
• Negative Sentiment: General Motors disclosed insider sales by Chief Accounting Officer Christopher Hatto and EVP Rory Harvey, which can add to caution around the stock even though both trades were made under pre-arranged 10b5-1 plans. Christopher Hatto insider trade
• Negative Sentiment: Separately, a Reuters report highlighted a supplier strike that could hit GM truck production, keeping attention on supply-chain risk for one of GM’s biggest profit drivers. GM supplier strike could impact truck production
• Neutral Sentiment: Industry commentary from a Mazda executive suggested EV adoption may need more consumer incentives and fewer mandates, a view that could support legacy automakers like GM if it slows the transition pressure, but it is not a direct GM catalyst. More Incentives Needed To Drive EV Demand, Mazda Executive Says
• Neutral Sentiment: A general late-afternoon decline in consumer stocks adds a mild sector headwind, but it does not appear GM-specific. Sector Update: Consumer Stocks Decline Late Afternoon

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Piper Sandler reissued an “overweight” rating and issued a $102.00 target price on shares of General Motors in a research report on Wednesday, April 29th. Barclays decreased their target price on General Motors from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. TD Cowen boosted their target price on General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company boosted their target price on General Motors from $57.00 to $59.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 29th. Finally, UBS Group boosted their target price on General Motors from $102.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, General Motors currently has an average rating of “Moderate Buy” and a consensus price target of $95.65.

General Motors Trading Down 0.7%

General Motors stock opened at $82.69 on Tuesday. The business has a 50-day simple moving average of $77.11 and a two-hundred day simple moving average of $78.20. The company has a market cap of $74.55 billion, a P/E ratio of 33.34, a P/E/G ratio of 0.42 and a beta of 1.30. General Motors Company has a 52-week low of $46.81 and a 52-week high of $87.62. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. The business had revenue of $43.62 billion during the quarter, compared to the consensus estimate of $43.51 billion. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.78 EPS. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Analysts predict that General Motors Company will post 12.85 EPS for the current year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, June 5th. General Motors’s payout ratio is currently 29.03%.

Insider Buying and Selling at General Motors

In other General Motors news, CEO Mary T. Barra sold 134,954 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $85.03, for a total transaction of $11,475,138.62. Following the completion of the sale, the chief executive officer directly owned 592,242 shares in the company, valued at $50,358,337.26. The trade was a 18.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 that occurred on Thursday, May 28th. The shares were sold at an average price of $85.00, for a total value of $586,075.00. Following the transaction, the chief accounting officer owned 25,794 shares of the company’s stock, valued at approximately $2,192,490. This trade represents a 21.09% 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. Insiders sold a total of 554,567 shares of company stock worth $45,602,888 in the last three months. 0.54% of the stock is currently owned by company insiders.

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.