31,376 Shares in General Motors Company $GM Purchased by NewEdge Wealth LLC

Key Points

• NewEdge Wealth acquired 31,376 GM shares worth approximately $2.4 million during the second quarter, adding to broad institutional interest; hedge funds and other institutions now own 92.67% of the stock.
• GM exceeded quarterly expectations with adjusted EPS of $3.57 versus $3.19 expected and revenue of $48.03 billion. The company maintained fiscal 2026 EPS guidance of $12–$14, while analysts’ consensus price target stands at $101.41.
• Despite positive investor sentiment, insiders sold more than 1.24 million shares worth $106.3 million last quarter. GM also announced a quarterly dividend of $0.18 per share and plans to discontinue Chevrolet sales in China while retaining Buick and Cadillac operations.

NewEdge Wealth LLC acquired a new stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 31,376 shares of the auto manufacturer's stock, valued at approximately $2,418,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of GM. Laurel Wealth Advisors LLC acquired a new stake in shares of General Motors during the fourth quarter worth approximately $25,000. Evergreen Advisors LLC acquired a new stake in General Motors in the first quarter valued at $26,000. SouthState Bank Corp boosted its stake in General Motors by 101.7% during the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer's stock valued at $29,000 after acquiring an additional 177 shares during the last quarter. Kelleher Financial Advisors bought a new position in General Motors during the 3rd quarter valued at $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in General Motors during the 4th quarter worth $30,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, President Mark L. Reuss sold 71,079 shares of the firm's stock in a transaction that occurred on 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 sale, the president owned 92,293 shares of the company's stock, valued at approximately $8,303,601.21. This trade represents a 43.51% 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 Grant Michael Dixton sold 40,000 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $88.44, for a total value of $3,537,600.00. Following the transaction, the executive vice president owned 54,992 shares of the company's stock, valued at approximately $4,863,492.48. The trade was a 42.11% decrease in their ownership of the stock. 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 quarter, insiders have sold 1,241,401 shares of company stock worth $106,313,695. 0.44% of the stock is currently owned by insiders.

General Motors Trading Up 1.1%

NYSE GM opened at $85.92 on Friday. 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 Company has a one year low of $54.33 and a one year high of $91.85. The company has a 50-day simple moving average of $81.88 and a 200-day simple moving average of $79.52. The firm has a market capitalization of $75.39 billion, a PE ratio of 43.39, a price-to-earnings-growth ratio of 0.39 and a beta of 1.30.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.38. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The firm had revenue of $48.03 billion for the quarter, compared to analyst estimates of $47.01 billion. During the same quarter in the prior year, the business earned $2.53 earnings per share. General Motors's quarterly revenue was up 1.9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, equities analysts forecast that General Motors Company will post 13.29 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, September 4th. General Motors's dividend payout ratio is presently 36.36%.

Analyst Ratings Changes

GM has been the subject of several research analyst reports. The Goldman Sachs Group boosted their target price on shares of General Motors from $91.00 to $103.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Citigroup lifted their price target on General Motors from $108.00 to $131.00 and gave the stock a "buy" rating in a research note on Monday, June 1st. Wells Fargo & Company boosted their price objective on General Motors from $60.00 to $61.00 and gave the company an "underweight" rating in a report on Wednesday, July 22nd. Royal Bank Of Canada increased their target price on General Motors from $94.00 to $100.00 and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. Finally, Piper Sandler reiterated an "overweight" rating and issued a $102.00 target price on shares of General Motors in a research report on Wednesday, April 29th. One 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 company's stock. Based on data from MarketBeat, General Motors presently has an average rating of "Moderate Buy" and a consensus target price of $101.41.

General Motors News Roundup

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

• Positive Sentiment: GM is outperforming Ford as the earlier product-driven rally in Ford shares fades. The contrast suggests GM’s move is being viewed as more fundamental, helped by its recent earnings performance and improved investor sentiment. Ford Drops 4% as Bronco Pickup Rally Fades, Tesla Slips, General Motors Inches Higher
• Positive Sentiment: GM’s latest quarterly results exceeded expectations, with adjusted EPS of $3.57 versus the $3.19 consensus and revenue of $48.03 billion versus estimates of $47.01 billion. Revenue also grew year over year, reinforcing confidence in the company’s full-year earnings outlook.
• Positive Sentiment: The stock remains up since its latest earnings report, while analysts and market commentary point to momentum from GM’s roughly $6 billion buyback, raised guidance and a stronger shareholder-return story relative to Ford. GM Sprinted Past Ford After Its $6 Billion Buyback
• Positive Sentiment: One valuation analysis raised GM’s fair-value estimate from $94.81 to $100.04 per share. Separately, an EVgo fast-charging station opened in metropolitan Detroit with GM support, highlighting the company’s efforts to build out its EV ecosystem. General Motors Stock Fair Value Rises
• Neutral Sentiment: Analyst estimate revisions were mixed: forecasts increased for fourth-quarter 2026 and fiscal 2027 EPS, but one estimate for first-quarter 2028 EPS was reduced. The consensus full-year EPS forecast remains $13.29.
• Negative Sentiment: GM plans to discontinue Chevrolet sales in China while retaining Buick and Cadillac operations. Although its SAIC joint venture was extended for 20 years, the Chevrolet exit underscores competitive and restructuring challenges in the Chinese market. GM Discontinues Chevrolet Sales in China

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.

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