TD Waterhouse Canada Inc. Sells 68,523 Shares of General Motors Company $GM

Key Points

• TD Waterhouse Canada cut its General Motors position by 45.1%, selling 68,523 shares and retaining 83,499 shares valued at approximately $6.3 million. Institutional investors collectively own 92.67% of GM.
• GM reported quarterly EPS of $3.57 and revenue of $48.03 billion, exceeding analyst estimates, while revenue increased 1.9% year over year. The company reaffirmed fiscal 2026 EPS guidance of $12.00–$14.00 and declared a quarterly dividend of $0.18.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus rating and an average price target of $101.41, although GM executives sold substantial shares under pre-arranged trading plans in the past three months.

TD Waterhouse Canada Inc. decreased its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 45.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 83,499 shares of the auto manufacturer's stock after selling 68,523 shares during the period. TD Waterhouse Canada Inc.'s holdings in General Motors were worth $6,313,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in General Motors by 456.1% in the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock worth $2,062,000 after purchasing an additional 31,755 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of General Motors by 61.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer's stock valued at $913,000 after buying an additional 7,058 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of General Motors by 4.8% in the 2nd quarter. Baird Financial Group Inc. now owns 37,524 shares of the auto manufacturer's stock worth $1,847,000 after buying an additional 1,706 shares during the period. Jump Financial LLC grew its position in shares of General Motors by 45.7% in the 2nd quarter. Jump Financial LLC now owns 25,366 shares of the auto manufacturer's stock worth $1,248,000 after buying an additional 7,951 shares during the period. Finally, AXA S.A. increased its stake in shares of General Motors by 69.4% in the 2nd quarter. AXA S.A. now owns 66,547 shares of the auto manufacturer's stock worth $3,275,000 after acquiring an additional 27,270 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

General Motors Stock Performance

Shares of GM stock opened at $87.71 on Monday. The company has a market capitalization of $76.96 billion, a price-to-earnings ratio of 44.30, a price-to-earnings-growth ratio of 0.50 and a beta of 1.32. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.97 and a current ratio of 1.14. General Motors Company has a one year low of $54.33 and a one year high of $91.85. The company's 50-day moving average is $83.26 and its 200 day moving average is $79.83.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results 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 for the quarter, compared to the consensus estimate of $47.01 billion. During the same quarter in the prior year, the firm posted $2.53 earnings per share. The business's revenue was up 1.9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Sell-side analysts expect that General Motors Company will post 13.29 EPS for the current fiscal year.

General Motors Announces Dividend

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

Insiders Place Their Bets

In other news, President Mark L. Reuss sold 71,079 shares of the business's stock in a transaction 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 in the company, valued at $8,303,601.21. The trade was a 43.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 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 transaction, the chief executive officer directly owned 428,994 shares in the company, valued at approximately $38,772,477.72. The trade was a 42.61% decrease in their ownership of the stock. 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 sold a total of 669,486 shares of company stock worth $59,205,537 in the last three months. Corporate insiders own 0.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of General Motors from $60.00 to $61.00 and gave the company an "underweight" rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. upped their price objective on shares of General Motors from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. Morgan Stanley raised their target price on shares of General Motors from $100.00 to $101.00 and gave the company an "overweight" rating in a research note on Wednesday, July 22nd. Tigress Financial lifted their target price on shares of General Motors from $92.00 to $130.00 and gave the company a "strong-buy" rating in a report on Tuesday, July 28th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of General Motors in a research report on Friday, July 17th. 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 given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $101.41.

Key Headlines Impacting General Motors

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

• Positive Sentiment: Momentum remains favorable: Zacks identified GM as a strong momentum stock, reflecting recent price strength and improving investor interest. GM’s latest quarterly results also exceeded analyst expectations for both earnings and revenue, while management’s fiscal 2026 earnings outlook remains supportive. Here's Why General Motors Is a Strong Momentum Stock
• Positive Sentiment: Canadian strike risk appears reduced: GM and Unifor reached a tentative agreement covering Canadian auto workers, potentially avoiding production disruptions and related labor costs if workers approve the deal. GM and Unifor Strike Tentative Deal
• Positive Sentiment: Industry seeks restrictions on Chinese vehicles: Major automakers, including GM’s industry group, urged Congress to ban Chinese vehicles from the U.S. market. Such legislation could reduce competitive pressure, although the outcome and timing remain uncertain. Automakers Urge Congress to Ban Chinese Cars
• Neutral Sentiment: New in-cabin camera capability: GM is enabling cameras to record passengers following an over-the-air update. The feature may support future safety or convenience functions, but its immediate financial impact is unclear. GM’s New In-Car Cameras Now Record Passengers
• Negative Sentiment: Recall response may pressure margins: GM is offering employee-level pricing to owners of vehicles affected by the 6.2-liter V8 recall, which could help retain customers but may increase discounts and recall-related costs. GM Offering Employee Pricing for Recalled Vehicles
• Negative Sentiment: Privacy and liability concerns: Passenger-recording functionality could prompt scrutiny over consent, data handling and privacy, potentially creating reputational or regulatory risks for GM. General Motors New In-Cabin Camera Technology

General Motors Company 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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