Empowered Funds LLC acquired a new position in General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 89,015 shares of the auto manufacturer’s stock, valued at approximately $6,861,000.
A number of other large investors also recently modified their holdings of GM. BlackRock Inc. purchased a new stake in General Motors in the second quarter worth approximately $5,958,995,000. Franklin Resources Inc. lifted its holdings in shares of General Motors by 2.7% in the 4th quarter. Franklin Resources Inc. now owns 32,158,403 shares of the auto manufacturer’s stock worth $2,615,121,000 after acquiring an additional 835,645 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of General Motors by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 22,242,381 shares of the auto manufacturer’s stock worth $1,802,668,000 after acquiring an additional 267,477 shares during the last quarter. Capital World Investors boosted its stake in shares of 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 purchasing an additional 1,405,530 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of General Motors by 5.5% during the 3rd quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock valued at $868,986,000 after purchasing an additional 748,831 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, CAO Christopher Hatto sold 6,895 shares of General Motors stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $90.00, for a total transaction of $620,550.00. Following the sale, the chief accounting officer owned 18,899 shares of the company’s stock, valued at approximately $1,700,910. The trade was a 26.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through 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 shares were sold at an average price of $86.95, for a total transaction of $772,289.90. Following the transaction, the executive vice president owned 28,513 shares in the company, valued at $2,479,205.35. This represents a 23.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 669,486 shares of company stock valued at $59,205,537 over the last three months. Insiders own 0.44% of the company’s stock.
More General Motors News
- Positive Sentiment: Ultium Cells is recalling laid-off workers at its Lordstown, Ohio, battery plant as orders from GM increase. The development suggests improving utilization of GM’s EV battery operations and could support progress toward better EV economics. Ultium Cells in Lordstown recalls laid-off workers as GM battery orders rise
- Positive Sentiment: Analyst coverage remains constructive: brokerages reportedly assign GM a consensus price target of $101.41, implying further upside from current levels if the company meets earnings expectations. General Motors Company Receives $101.41 Consensus PT from Brokerages
- Positive Sentiment: Industry analysts cite resilient U.S. vehicle demand, evolving EV trends and new tax benefits as potential supports for domestic automakers, including GM. 4 Domestic Auto Biggies Poised to Benefit From Industry Resilience
- Positive Sentiment: From a technical perspective, GM is holding support near $86 and forming a bullish-flag pattern, which may attract momentum-oriented investors if resistance is broken. Tesla, Ford and GM Stocks Test Key Technical Boundaries
- Neutral Sentiment: GM is giving first-time franchise owners an opportunity to take over a troubled dealership, a potentially positive distribution initiative but one unlikely to materially affect near-term earnings. General Motors gives first-time dealers a chance to turn around troubled store
- Neutral Sentiment: Reports on GM’s V8-engine standardization, experimental engines and planned 2027 model updates provide product and strategy context but do not signal a clear immediate earnings impact. GM is making major changes to some of its biggest models in 2027
- Negative Sentiment: NHTSA opened an engineering analysis covering 997,743 GM pickups and SUVs with the L87 V-8 engine, including the Chevrolet Silverado 1500, GMC Yukon and Cadillac Escalade. Potential engine failures could lead to recalls, repair costs, warranty expense and reputational damage, making this the principal near-term risk for GM. General Motors Faces Safety Probe Over Engine Failures in Nearly 1 Million Vehicles
General Motors Stock Performance
General Motors stock opened at $86.31 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average of $82.54 and a 200-day moving average of $79.63. The firm has a market cap of $75.73 billion, a P/E ratio of 43.59, a P/E/G ratio of 0.39 and a beta of 1.30. General Motors Company has a 1-year low of $54.33 and a 1-year high of $91.85.
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.38. The company had revenue of $48.03 billion for the quarter, compared to the consensus estimate of $47.01 billion. General Motors had a return on equity of 18.18% and a net margin of 1.05%.General Motors’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Sell-side analysts expect that General Motors Company will post 13.29 EPS for the current year.
General Motors Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. General Motors’s dividend payout ratio (DPR) is presently 36.36%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on GM shares. Citigroup lifted their target price on shares of General Motors from $108.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. The Goldman Sachs Group raised their price objective on General Motors from $91.00 to $103.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of General Motors in a research note on Friday, July 17th. Benchmark reaffirmed a “buy” rating on shares of General Motors in a research note on Tuesday, July 21st. Finally, Tigress Financial boosted their price objective on General Motors from $92.00 to $130.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Motors presently has an average rating of “Moderate Buy” and a consensus target price of $101.41.
Read Our Latest Stock Report on GM
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.
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