Tevis Investment Management Cuts Position in General Motors Company $GM

Tevis Investment Management reduced its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 40.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,602 shares of the auto manufacturer’s stock after selling 9,381 shares during the quarter. Tevis Investment Management’s holdings in General Motors were worth $1,013,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GM. Norges Bank acquired a new stake in General Motors in the 4th quarter valued at $918,724,000. Viking Global Investors LP grew its stake in shares of General Motors by 81.1% in the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock valued at $640,659,000 after buying an additional 5,830,050 shares in the last quarter. Life Cycle Investment Partners Ltd purchased a new stake in shares of General Motors during the 4th quarter valued at about $309,380,000. Two Sigma Investments LP lifted its position in General Motors by 348.4% during the 3rd quarter. Two Sigma Investments LP now owns 3,549,170 shares of the auto manufacturer’s stock worth $216,393,000 after acquiring an additional 2,757,695 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its position in shares of General Motors by 436.8% during the second quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer’s stock worth $130,826,000 after purchasing an additional 2,163,274 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GM shares. UBS Group reaffirmed a “buy” rating on shares of General Motors in a research note on Wednesday, June 10th. Evercore reaffirmed an “outperform” rating and set a $100.00 target price on shares of General Motors in a research report on Monday, May 4th. Wall Street Zen raised General Motors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings restated a “hold (c)” rating on shares of General Motors in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. increased their target price on General Motors from $98.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $97.32.

Insider Activity at General Motors

In other General Motors news, CEO Mary T. Barra sold 99,239 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $85.10, for a total transaction of $8,445,238.90. Following the completion of the sale, the chief executive officer owned 592,242 shares in the company, valued at $50,399,794.20. The trade was a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $85.00, for a total transaction of $586,075.00. Following the sale, the chief accounting officer directly owned 25,794 shares in the company, valued at $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. In the last ninety days, insiders have sold 697,388 shares of company stock valued at $57,752,596. Corporate insiders own 0.54% of the company’s stock.

Key Headlines Impacting General Motors

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

• Positive Sentiment: GM and Ford signed long-term memory supply agreements with Micron, which should improve access to memory and storage components for next-generation vehicles and support future production plans. Ford, GM sign memory supply agreements with Micron
• Positive Sentiment: JPMorgan issued a positive forecast for GM’s stock, reinforcing the view that analysts see upside despite near-term auto market concerns. JPMorgan Chase & Co. Issues Positive Forecast for General Motors (NYSE:GM) Stock Price
• Positive Sentiment: Coverage highlighting why investors should remain bullish on GM points to its strategic pivot into energy as a longer-term growth driver, helping offset softer U.S. sales trends. Why Investors Should Be Bullish on General Motors Even as U.S. Sales Slip
• Neutral Sentiment: GM’s Ultium Cells unit began producing LFP batteries for energy storage systems at its Spring Hill plant, underscoring diversification beyond EV batteries, though the near-term stock impact is less direct. Ultium Cells launches production of LFP batteries for Energy Storage Systems
• Negative Sentiment: Reports of a GM Arlington plant employee shooting incident are likely a reputational and operational negative, but the market reaction should be limited unless more details emerge. GM Arlington Plant Employee Shot In Parking Lot By Fellow GM Employee

General Motors Stock Up 0.1%

NYSE:GM opened at $77.93 on Monday. The company has a market capitalization of $70.27 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 0.39 and a beta of 1.31. General Motors Company has a one year low of $48.87 and a one year high of $87.62. The stock has a 50-day simple moving average of $78.91 and a 200 day simple moving average of $79.09. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 1.15.

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

General Motors Dividend Announcement

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

General Motors 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.