General Motors Company $GM Shares Sold by Empirical Finance LLC

Empirical Finance LLC cut its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 16.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 53,453 shares of the auto manufacturer’s stock after selling 10,172 shares during the period. Empirical Finance LLC’s holdings in General Motors were worth $4,120,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GM. SouthState Bank Corp grew its position in shares of General Motors by 101.7% in the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 177 shares during the period. Evergreen Advisors LLC purchased a new position in General Motors during the first quarter worth about $26,000. Kemnay Advisory Services Inc. acquired a new stake in General Motors in the 4th quarter worth about $30,000. Comprehensive Financial Planning Inc. PA purchased a new stake in General Motors in the 4th quarter valued at about $33,000. Finally, Burk Holdings LLC purchased a new stake in General Motors in the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GM shares. Tigress Financial increased their price objective on shares of General Motors from $92.00 to $130.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 28th. Wells Fargo & Company upped their price target on shares of General Motors from $60.00 to $61.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group raised shares of General Motors from a “hold” rating to a “buy” rating and increased their price target for the stock from $90.00 to $99.00 in a research note on Monday, July 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a report on Friday, July 17th. Finally, Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of General Motors in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $101.41.

General Motors Trading Down 2.1%

Shares of NYSE:GM traded down $1.86 during trading on Tuesday, reaching $85.90. 6,232,098 shares of the stock were exchanged, compared to its average volume of 7,572,596. The firm’s 50-day moving average price is $83.47 and its 200 day moving average price is $79.88. The firm has a market cap of $75.37 billion, a price-to-earnings ratio of 43.38, a price-to-earnings-growth ratio of 0.50 and a beta of 1.32. General Motors Company has a 12-month low of $54.33 and a 12-month high of $91.85. 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 (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, beating the consensus estimate of $3.19 by $0.38. The firm had revenue of $48.03 billion for the quarter, compared to analyst estimates of $47.01 billion. General Motors had a net margin of 1.05% and a return on equity of 18.18%. General Motors’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.53 earnings per share. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, sell-side analysts anticipate that General Motors Company will post 13.29 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, September 4th. General Motors’s dividend payout ratio (DPR) is currently 36.36%.

Insider Buying and Selling at General Motors

In other General Motors news, President Mark L. Reuss sold 71,079 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $89.97, for a total value of $6,394,977.63. Following the transaction, the president directly owned 92,293 shares of the company’s stock, valued at $8,303,601.21. This trade represents a 43.51% decrease in their ownership of the stock. 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, 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 value of $772,289.90. Following the transaction, the executive vice president owned 28,513 shares in the company, valued at approximately $2,479,205.35. This represents a 23.75% decrease in their position. 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. In the last three months, insiders have sold 648,904 shares of company stock worth $57,456,067. Corporate insiders own 0.44% of the company’s stock.

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.