TD Waterhouse Canada Inc. Buys 129,120 Shares of General Motors Company $GM

Key Points

• TD Waterhouse Canada increased its GM stake by 154.6%, purchasing 129,120 additional shares to own 212,619 shares valued at approximately $16.9 million. Institutional investors and hedge funds collectively own 92.67% of GM.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $101.22, above GM’s reported opening price of $83.96.
• GM’s latest quarterly results exceeded expectations, with adjusted earnings of $3.57 per share and revenue of $48.03 billion; however, company insiders sold 549,665 shares worth about $49.0 million over the past 90 days.

TD Waterhouse Canada Inc. increased its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 154.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 212,619 shares of the auto manufacturer's stock after purchasing an additional 129,120 shares during the period. TD Waterhouse Canada Inc.'s holdings in General Motors were worth $16,877,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of General Motors in the 2nd quarter valued at about $5,958,995,000. Bank of America Corp DE bought a new position in General Motors during the 2nd quarter worth approximately $629,465,000. Legal & General Group Plc bought a new position in General Motors during the 2nd quarter worth approximately $599,066,000. Bank of New York Mellon Corp bought a new position in General Motors during the 2nd quarter worth approximately $522,916,000. Finally, Deutsche Bank AG acquired a new position in General Motors during the second quarter valued at approximately $383,939,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GM has been the subject of several recent analyst reports. Truist Financial set a $105.00 target price on shares of General Motors in a research note on Wednesday, October 7th. Wells Fargo & Company increased their target price on shares of General Motors from $60.00 to $61.00 and gave the stock an "underweight" rating in a report on Wednesday, July 22nd. UBS Group reduced their price target on shares of General Motors from $114.00 to $112.00 and set a "buy" rating on the stock in a research report on Wednesday, October 7th. Jefferies Financial Group raised shares of General Motors from a "hold" rating to a "buy" rating and lifted their price target for the stock from $90.00 to $99.00 in a research report on Monday, July 27th. Finally, Morgan Stanley boosted their price target on shares of General Motors from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $101.22.

Insider Activity

In other news, President Mark L. Reuss sold 71,079 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The shares were 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 in the company, valued at $8,303,601.21. This represents a 43.51% decrease in their ownership of the stock. The transaction was disclosed in a filing 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, CEO Mary T. Barra sold 318,448 shares of the company'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 transaction of $28,781,330.24. Following the completion of the transaction, the chief executive officer owned 428,994 shares of the company's stock, valued at $38,772,477.72. This trade represents a 42.61% 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. In the last ninety days, insiders sold 549,665 shares of company stock worth $49,010,828. Corporate insiders own 0.44% of the company's stock.

General Motors News Summary

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

• Positive Sentiment: Analysts expect GM to beat third-quarter earnings estimates, supported by resilient vehicle demand, strategic pricing and higher deliveries. The company is among four automakers identified as having a favorable Earnings ESP setup. Q3 Auto Earnings Preview
• Positive Sentiment: GM is being highlighted as a strong value stock, which may attract investors as money moves away from richly valued technology shares. Its prior quarter also showed earnings and revenue above consensus estimates, although investors will focus on whether that momentum continued in Q3. GM Value Stock Analysis
• Positive Sentiment: GM’s expansion of higher-margin digital services, including OnStar and Super Cruise, could improve profitability beyond traditional vehicle sales. The company is also progressing toward eyes-off driving technology, with an anticipated launch in the 2028 Cadillac Escalade IQ. Developments Affecting Ford and GM
• Neutral Sentiment: GM is attracting unusually high investor attention ahead of its earnings release. That visibility can support trading interest, but the coverage itself does not change the company’s fundamentals. GM Trending Stock
• Neutral Sentiment: GlobalFoundries plans two New York semiconductor fabs backed by as much as $21 billion in Japanese funding, with GM listed among prospective customers before the facilities begin operating in 2029. The arrangement could strengthen long-term chip availability, but its financial impact is several years away. GlobalFoundries Chipmaking Deal
• Negative Sentiment: A proposed class-action lawsuit alleges GM concealed an engine defect that can cause failures. The claims remain allegations, but litigation, recalls or potential repair costs could create financial and reputational risks. GM Engine Defect Lawsuit
• Negative Sentiment: A recent analysis notes that GM’s stock has substantially outperformed the market even as vehicle sales remained roughly flat and profitability declined over the latest twelve months, raising concerns that valuation may be ahead of underlying business growth. GM Stock Performance Analysis

General Motors Stock Up 0.4%

Shares of General Motors stock opened at $83.96 on Friday. The company has a market capitalization of $73.67 billion, a P/E ratio of 42.40, a price-to-earnings-growth ratio of 0.46 and a beta of 1.40. 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 has a 50-day moving average of $84.34 and a two-hundred day moving average of $81.10. General Motors Company has a 1 year low of $57.55 and a 1 year high of $91.85.

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, beating 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 for the quarter, compared to analysts' expectations of $47.01 billion. During the same quarter in the previous year, the business posted $2.53 EPS. General Motors's revenue for the quarter was up 1.9% on a year-over-year basis. 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 13.53 EPS for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Friday, September 4th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, September 4th. General Motors's dividend payout ratio is presently 36.36%.

About General Motors

General Motors Company NYSE: GM is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM designs, manufactures and sells vehicles and related services through brands including Chevrolet, Buick, GMC and Cadillac.

GM's product lineup includes passenger cars, pickup trucks, sport utility vehicles, commercial vehicles and electric vehicles. The company is also developing connected-vehicle technologies, driver-assistance systems and charging and energy-management solutions.

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