Goelzer Investment Management Inc. purchased a new stake in shares of General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) during the third quarter, HoldingsChannel reports. The fund purchased 14,282 shares of the auto manufacturer’s stock, valued at approximately $1,100,000.
Other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of General Motors in the 2nd quarter worth $5,958,995,000. Dimensional Fund Advisors LP increased its holdings in shares of General Motors by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,225,518 shares of the auto manufacturer’s stock worth $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 increased its holdings in shares of General Motors by 1.2% in the 2nd 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 worth $659,804,000 after buying an additional 101,885 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of General Motors in the 2nd quarter worth about $629,465,000. Finally, Legal & General Group Plc purchased a new stake in shares of General Motors during the 2nd quarter valued at about $599,066,000. Institutional investors own 92.67% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on GM. Tigress Financial increased their price target on shares of General Motors from $92.00 to $130.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 28th. Morgan Stanley lifted their price target on General Motors from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. UBS Group dropped their price target on General Motors from $114.00 to $112.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Royal Bank Of Canada boosted their price objective on General Motors from $100.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, October 12th. Finally, The Goldman Sachs Group upped their price objective on General Motors from $103.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $101.22.
General Motors Price Performance
Shares of GM stock opened at $83.96 on Friday. The stock has a 50 day moving average price of $84.34 and a 200 day moving average price of $81.10. General Motors Company has a 52-week low of $57.55 and a 52-week 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. The firm has a market capitalization of $73.67 billion, a P/E ratio of 42.40, a P/E/G ratio of 0.46 and a beta of 1.40.
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last announced its quarterly earnings data 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 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 quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, sell-side analysts predict that General Motors Company will post 13.53 earnings per share for the current year.
General Motors Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Friday, September 4th were 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 of this dividend was Friday, September 4th. General Motors’s payout ratio is currently 36.36%.
Insider Activity
In other news, CEO Mary Barra sold 318,448 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the completion of the sale, the chief executive officer directly owned 428,994 shares of the company’s stock, valued at approximately $38,772,477.72. The trade was a 42.61% decrease in their ownership of the stock. The sale 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, EVP Grant Dixton sold 40,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $88.44, for a total transaction of $3,537,600.00. Following the completion of the transaction, the executive vice president owned 54,992 shares in the company, valued at approximately $4,863,492.48. The trade was a 42.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 549,665 shares of company stock valued at $49,010,828. Insiders own 0.44% of the company’s stock.
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 Company Profile
General Motors Company (NYSE: GM) is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM designs, manufactures and sells vehicles and related services through brands including Chevrolet, Buick, GMC and Cadillac.
GM’s product lineup includes passenger cars, pickup trucks, sport utility vehicles, commercial vehicles and electric vehicles. The company is also developing connected-vehicle technologies, driver-assistance systems and charging and energy-management solutions.
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