Hennessy Advisors Inc. Buys Shares of 20,943 General Motors Company $GM

Key Points

• Hennessy Advisors initiated a General Motors position by purchasing 20,943 shares valued at approximately $1.61 million. Institutional investors collectively own 92.67% of GM’s stock.
• GM reported quarterly earnings of $3.57 per share, beating estimates of $3.19, while revenue reached $48.03 billion and rose 1.9% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $101.41, compared with shares opening at $86.31.
• The principal near-term risk is an NHTSA engineering analysis of nearly 1 million GM vehicles with L87 V-8 engines, which could result in recalls, higher warranty costs and reputational damage; insiders have also sold significant shares in recent months.

Hennessy Advisors Inc. purchased 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 and Exchange Commission (SEC). The firm purchased 20,943 shares of the auto manufacturer's stock, valued at approximately $1,614,000.

Several other institutional investors have also modified their holdings of the business. Laurel Wealth Advisors LLC acquired a new position in General Motors during the fourth quarter worth $25,000. SouthState Bank Corp grew its holdings in shares of General Motors by 101.7% in 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 in the last quarter. Evergreen Advisors LLC bought a new position in shares of General Motors in the 1st quarter valued at about $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of General Motors in the fourth quarter valued at about $30,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in General Motors during the fourth quarter worth about $33,000. Institutional investors own 92.67% of the company's stock.

More General Motors News

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

• Positive Sentiment: Ultium Cells is recalling laid-off workers at its Lordstown, Ohio, battery plant as orders from GM increase. The development suggests improving utilization of GM’s EV battery operations and could support progress toward better EV economics. Ultium Cells in Lordstown recalls laid-off workers as GM battery orders rise
• Positive Sentiment: Analyst coverage remains constructive: brokerages reportedly assign GM a consensus price target of $101.41, implying further upside from current levels if the company meets earnings expectations. General Motors Company Receives $101.41 Consensus PT from Brokerages
• Positive Sentiment: Industry analysts cite resilient U.S. vehicle demand, evolving EV trends and new tax benefits as potential supports for domestic automakers, including GM. 4 Domestic Auto Biggies Poised to Benefit From Industry Resilience
• Positive Sentiment: From a technical perspective, GM is holding support near $86 and forming a bullish-flag pattern, which may attract momentum-oriented investors if resistance is broken. Tesla, Ford and GM Stocks Test Key Technical Boundaries
• Neutral Sentiment: GM is giving first-time franchise owners an opportunity to take over a troubled dealership, a potentially positive distribution initiative but one unlikely to materially affect near-term earnings. General Motors gives first-time dealers a chance to turn around troubled store
• Neutral Sentiment: Reports on GM’s V8-engine standardization, experimental engines and planned 2027 model updates provide product and strategy context but do not signal a clear immediate earnings impact. GM is making major changes to some of its biggest models in 2027
• Negative Sentiment: NHTSA opened an engineering analysis covering 997,743 GM pickups and SUVs with the L87 V-8 engine, including the Chevrolet Silverado 1500, GMC Yukon and Cadillac Escalade. Potential engine failures could lead to recalls, repair costs, warranty expense and reputational damage, making this the principal near-term risk for GM. General Motors Faces Safety Probe Over Engine Failures in Nearly 1 Million Vehicles

Insider Buying and Selling

In other General Motors news, EVP Grant Michael Dixton sold 40,000 shares of General Motors stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $88.44, for a total value of $3,537,600.00. Following the completion of the sale, the executive vice president owned 54,992 shares in the company, valued at $4,863,492.48. The trade was a 42.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the business's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $90.00, for a total transaction of $620,550.00. Following the completion of the sale, the chief accounting officer directly owned 18,899 shares of the company's stock, valued at $1,700,910. This represents a 26.73% 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. Insiders have sold a total of 669,486 shares of company stock valued at $59,205,537 in the last 90 days. 0.44% of the stock is currently owned by corporate insiders.

General Motors Trading Up 0.0%

Shares of GM stock opened at $86.31 on Monday. General Motors Company has a 12-month low of $54.33 and a 12-month high of $91.85. The company has a market capitalization of $75.73 billion, a PE ratio of 43.59, a price-to-earnings-growth ratio of 0.39 and a beta of 1.30. The firm has a 50 day moving average price of $82.54 and a two-hundred day moving average price of $79.63. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results 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 return on equity of 18.18% and a net margin of 1.05%.The business had revenue of $48.03 billion during the quarter, compared to analysts' expectations of $47.01 billion. During the same period last year, the firm posted $2.53 EPS. The firm's revenue for the quarter 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, analysts predict that General Motors Company will post 13.29 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, September 4th. General Motors's payout ratio is presently 36.36%.

Analysts Set New Price Targets

GM has been the topic of several recent analyst reports. UBS Group reaffirmed a "buy" rating on shares of General Motors in a research report on Wednesday, June 10th. TD Cowen increased their price objective on General Motors from $126.00 to $132.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Royal Bank Of Canada boosted their target price on shares of General Motors from $94.00 to $100.00 and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. Evercore reaffirmed an "outperform" rating and set a $100.00 price target on shares of General Motors in a research report on Monday, May 4th. Finally, Tigress Financial increased their price target on shares of General Motors from $92.00 to $130.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $101.41.

About General Motors

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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