Exchange Traded Concepts LLC Trims Position in General Motors Company $GM

Key Points

• Exchange Traded Concepts LLC cut its General Motors position by 41.6% in the second quarter, selling 158,502 shares and retaining 222,674 shares valued at approximately $17.2 million.
• GM exceeded quarterly expectations with adjusted earnings of $3.57 per share and revenue of $48.03 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $101.41.
• GM is scheduled to restart battery-cell production at its Ohio joint-venture plant and has established a $4.5 billion supplier prepayment facility, while CEO Mary Barra and other insiders have sold shares under pre-arranged trading plans.

Exchange Traded Concepts LLC trimmed its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 41.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 222,674 shares of the auto manufacturer's stock after selling 158,502 shares during the period. Exchange Traded Concepts LLC's holdings in General Motors were worth $17,164,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new stake in shares of General Motors in the fourth quarter worth about $25,000. SouthState Bank Corp raised its position in General Motors by 101.7% during the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer's stock valued at $29,000 after acquiring an additional 177 shares in the last quarter. Evergreen Advisors LLC acquired a new position in General Motors in the first quarter valued at approximately $26,000. Kemnay Advisory Services Inc. acquired a new position in General Motors in the fourth quarter valued at approximately $30,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in General Motors in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors News Summary

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

• Positive Sentiment: An analyst raised fiscal 2027 EPS estimates for GM, signaling greater confidence in the automaker’s future profitability. FY2027 EPS Estimates for General Motors Raised by Analyst
• Positive Sentiment: Battery-cell production at GM and LG Energy Solution’s Ohio plant is scheduled to restart after a seven-month shutdown. The restart could improve capacity utilization and support GM’s electric-vehicle supply chain. Battery cell production at Ohio plant to restart for GM EVs
• Positive Sentiment: GM’s $4.5 billion supplier prepayment and parts-security facility is intended to ensure access to critical components and reduce the risk of production disruptions. GM sets up $4.5 billion supply chain prepayment facility

General Motors Trading Down 0.5%

Shares of NYSE:GM opened at $86.29 on Friday. General Motors Company has a 1 year low of $54.33 and a 1 year high of $91.85. The firm has a market capitalization of $75.72 billion, a price-to-earnings ratio of 43.58, a price-to-earnings-growth ratio of 0.40 and a beta of 1.30. 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 business's 50 day moving average price is $81.56 and its 200-day moving average price is $79.48.

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

General Motors Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GM. The Goldman Sachs Group raised their price objective on shares of General Motors from $91.00 to $103.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. Wall Street Zen raised shares of General Motors from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Evercore restated an "outperform" rating and set a $100.00 price target on shares of General Motors in a research report on Monday, May 4th. Jefferies Financial Group raised shares of General Motors from a "hold" rating to a "buy" rating and lifted their price objective for the company from $90.00 to $99.00 in a report on Monday, July 27th. Finally, Mizuho decreased their price objective on shares of General Motors from $105.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $101.41.

Insider Activity at General Motors

In other General Motors news, EVP Grant Michael Dixton sold 40,000 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $4,863,492.48. This represents a 42.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 318,448 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $90.38, for a total value of $28,781,330.24. Following the completion of the transaction, 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. 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. Over the last 90 days, insiders sold 1,247,053 shares of company stock valued at $106,763,425. 0.44% of the stock is owned by corporate insiders.

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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