General Motors Company $GM Shares Sold by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company reduced its GM stake by 17.4% in the second quarter, selling 95,359 shares and retaining 452,157 shares valued at approximately $34.9 million. Institutional investors and hedge funds collectively own 92.67% of GM.
• GM’s latest quarterly results exceeded expectations: adjusted EPS was $3.57 versus the $3.19 consensus, while revenue reached $48.03 billion, up 1.9% year over year. The company reaffirmed fiscal 2026 EPS guidance of $12.00–$14.00.
• Insiders have recently sold significant shares under pre-arranged Rule 10b5-1 plans, including executive sales totaling $57.5 million over the last quarter. Despite this, analysts maintain a “Moderate Buy” consensus with an average price target of $101.41, above the reported $85.54 share price.

The Manufacturers Life Insurance Company trimmed its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 17.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 452,157 shares of the auto manufacturer's stock after selling 95,359 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.05% of General Motors worth $34,852,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. 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 worth $29,000 after purchasing an additional 177 shares during the last quarter. Evergreen Advisors LLC purchased a new stake in shares of General Motors during the first quarter worth $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of General Motors in the fourth quarter valued at about $30,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of General Motors in the fourth quarter valued at about $33,000. Finally, Burk Holdings LLC purchased a new position in shares of General Motors in the second quarter worth about $31,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors News Summary

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

• Positive Sentiment: Analyst estimates edged higher: Erste Group Bank raised its FY2026 EPS forecast to $13.52 from $13.45 and its FY2027 estimate to $15.10 from $15.07. The FY2026 forecast is above the $13.31 consensus, offering a modest positive signal for GM’s earnings outlook. MarketBeat GM analyst estimates
• Positive Sentiment: Manufacturing investment reinforces GM’s operating base: The company plans to invest $40 million in its Bedford, Indiana, casting operations to support transmission production. The spending could improve production capabilities and utilization, although it is not expected to materially change near-term earnings. GM Bedford casting investment article
• Positive Sentiment: Value-stock positioning may support investor interest: Zacks highlighted GM’s value characteristics, while separate coverage described the company as a trending stock. These reports may attract bargain-focused investors, though they do not represent new company guidance or a fundamental catalyst. Zacks GM value-stock analysis

Insider Activity

In related news, EVP Rory Harvey sold 8,882 shares of the company's stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $86.95, for a total value of $772,289.90. Following the transaction, the executive vice president directly owned 28,513 shares in the company, valued at approximately $2,479,205.35. This represents a 23.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Mark Reuss sold 71,079 shares of the 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 completion of the transaction, the president owned 92,293 shares of the company's stock, valued at $8,303,601.21. The trade was a 43.51% 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 quarter, insiders have sold 648,904 shares of company stock worth $57,456,067. 0.44% of the stock is owned by company insiders.

General Motors Trading Down 0.7%

Shares of GM stock opened at $85.54 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.42. General Motors Company has a twelve month low of $54.33 and a twelve month high of $91.85. The company's 50-day moving average price is $84.20 and its 200-day moving average price is $79.99. The stock has a market cap of $75.06 billion, a price-to-earnings ratio of 43.20, a PEG ratio of 0.48 and a beta of 1.32.

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 (EPS) 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 during the quarter, compared to analysts' expectations of $47.01 billion. During the same period last year, the business earned $2.53 earnings per share. General Motors's revenue was up 1.9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, equities analysts predict that General Motors Company will post 13.32 earnings per share for the current year.

General Motors Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GM. The Goldman Sachs Group boosted their price target 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. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $100.00 price objective on shares of General Motors in a report on Wednesday, July 22nd. Barclays boosted their target price on General Motors from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. Benchmark restated a "buy" rating on shares of General Motors in a research report on Tuesday, July 21st. Finally, Morgan Stanley increased their price target on General Motors from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, General Motors currently has an average rating of "Moderate Buy" and a consensus price target of $101.41.

General Motors Profile

General Motors Company NYSE: GM is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM designs, manufactures and sells cars, trucks and sport utility vehicles through its Chevrolet, Buick, GMC and Cadillac brands.

GM's product portfolio includes gasoline-powered and electric vehicles, full-size pickup trucks, commercial vehicles and luxury automobiles. The company is developing battery-electric and other advanced vehicle technologies, while also offering connected-vehicle services through its OnStar platform.

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