Canada Pension Plan Investment Board Purchases New Stake in General Motors Company $GM

Key Points

• Canada Pension Plan Investment Board acquired 1.88 million GM shares worth approximately $145.3 million, giving it a 0.21% stake. Institutional investors collectively own 92.67% of the automaker.
• GM exceeded quarterly expectations with $3.57 adjusted EPS and $48.03 billion in revenue, while analysts maintain a “Moderate Buy” consensus and an average price target of $101.41.
• Company insiders sold 692,486 shares worth about $61.2 million over the past quarter, while GM also faces potential risks from a federal brake-system investigation involving more than 1.1 million vehicles and ongoing employment-related litigation.

Canada Pension Plan Investment Board acquired a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,884,793 shares of the auto manufacturer's stock, valued at approximately $145,280,000. Canada Pension Plan Investment Board owned 0.21% of General Motors at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of General Motors during the 2nd quarter worth $5,958,995,000. Norges Bank purchased a new stake in General Motors during the fourth quarter worth about $918,724,000. Legal & General Group Plc acquired a new position in General Motors during the second quarter worth about $599,066,000. Bank of New York Mellon Corp acquired a new position in General Motors during the second quarter worth about $522,916,000. Finally, Viking Global Investors LP increased its holdings in 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. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Buying and Selling at General Motors

In related news, CEO Mary T. Barra sold 318,448 shares of General Motors stock in a transaction dated Tuesday, July 28th. The stock was 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 owned 428,994 shares in the company, valued at approximately $38,772,477.72. This trade represents a 42.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Mark L. Reuss sold 71,079 shares of General Motors 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 sale, the president owned 92,293 shares of the company's stock, valued at approximately $8,303,601.21. This represents a 43.51% 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. Over the last quarter, insiders have sold 692,486 shares of company stock valued at $61,160,537. 0.44% of the stock is owned by company insiders.

Trending Headlines about General Motors

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

• Positive Sentiment: Reduced Canadian strike risk: GM and Unifor reached tentative three-year agreements covering more than 4,600 Ontario workers. If ratified on August 29–30, the deals should improve production continuity and provide greater visibility into near-term labor costs. How Investors Are Reacting To General Motors Reduced Strike Risk After Unifor Labor Deal
• Positive Sentiment: Strong operating setup: An analysis highlighted GM’s robust internal-combustion truck and SUV franchise, aggressive shareholder returns and long-term access to all Phase 1 output from the Thacker Pass lithium mine. The company’s latest quarter also exceeded expectations, with approximately $48 billion in revenue, $3.57 adjusted EPS and $5 billion in free cash flow. General Motors Great Setup Heading Into 2027
• Positive Sentiment: 2027 product updates: GM is making significant changes across several major Chevrolet and GMC models, including updates to its SUV lineup. Refreshing high-volume vehicles could help protect its market share and support pricing. GM Is Making Major Changes to Some of Its Biggest Models in 2027
• Neutral Sentiment: EV charging compatibility: GM’s 2027 EVs will adopt Tesla-style charging ports, but drivers may still need two adapters. The move improves access to charging infrastructure, though the adapter requirement could limit the customer experience. GM’s 2027 EVs Get Tesla-Style Ports but Still Need Two Adapters
• Negative Sentiment: Brake-system investigation: Federal regulators are examining potential braking problems in more than 1.1 million GM vehicles equipped with eBoost brake-by-wire systems. A recall, repair costs, litigation or reputational damage could weigh on earnings if regulators identify a defect. What Does General Motors Face in the 1.1 Million Vehicle Brake Probe?
• Negative Sentiment: Employment-related litigation: GM is facing an age-discrimination lawsuit challenging its white-collar performance-review system, creating potential legal costs and reputational risk. GM Sued Over White-Collar Review System

Analyst Ratings Changes

A number of research firms have recently issued reports on GM. Wedbush reiterated an "outperform" rating and set a $95.00 price target on shares of General Motors in a research report on Monday, May 11th. 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. TD Cowen lifted their price objective on General Motors from $126.00 to $132.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Wall Street Zen upgraded General Motors from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Finally, Royal Bank Of Canada raised their price target on General Motors from $94.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $101.41.

General Motors Stock Up 0.5%

GM stock opened at $86.25 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.14 and a quick ratio of 0.97. The company's 50 day simple moving average is $82.27 and its 200-day simple moving average is $79.57. General Motors Company has a 12 month low of $54.33 and a 12 month high of $91.85. The firm has a market capitalization of $75.68 billion, a PE ratio of 43.56, a P/E/G ratio of 0.39 and a beta of 1.30.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.38. The firm had revenue of $48.03 billion during 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%.The company's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Equities analysts expect that General Motors Company will post 13.29 earnings per share for the current fiscal year.

General Motors Dividend Announcement

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

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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