Cannell & Spears LLC Decreases Position in General Motors Company $GM

Cannell & Spears LLC decreased its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 77.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 27,105 shares of the auto manufacturer’s stock after selling 93,835 shares during the quarter. Cannell & Spears LLC’s holdings in General Motors were worth $1,981,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in General Motors in the fourth quarter valued at $918,724,000. Viking Global Investors LP increased its holdings in General Motors by 81.1% during the 2nd quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after purchasing an additional 5,830,050 shares during the period. Life Cycle Investment Partners Ltd purchased a new stake in General Motors during the 4th quarter worth about $309,380,000. Two Sigma Investments LP raised its position in General Motors by 348.4% in the 3rd quarter. Two Sigma Investments LP now owns 3,549,170 shares of the auto manufacturer’s stock valued at $216,393,000 after purchasing an additional 2,757,695 shares in the last quarter. Finally, SEB Asset Management AB purchased a new position in shares of General Motors in the 1st quarter valued at about $171,892,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

More General Motors News

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

• Positive Sentiment: GM raised its 2026 profit outlook again after a strong quarter, reinforcing the view that earnings momentum is improving and giving bulls more confidence in the stock. Article Title
• Positive Sentiment: Analyst and media coverage after earnings has been favorable, with reports highlighting stronger fundamentals, disciplined pricing, and a valuation that still looks attractive versus peers. Article Title
• Positive Sentiment: GM’s manufacturing investments, including the $157 million Missouri plant upgrade, suggest continued support for truck production and operational efficiency. Article Title
• Neutral Sentiment: GM and IONATE announced a smart-grid transformer deployment at a Michigan plant, a positive sustainability/efficiency step, but likely not a major near-term stock driver. Article Title
• Neutral Sentiment: Reports of unusually large options trading and upbeat price-target chatter may reflect rising investor interest, but they do not by themselves change GM’s operating outlook. Article Title
• Negative Sentiment: GM’s pullback on EVs after a roughly $10.9 billion charge underscores the cost of prior EV investments and reminds investors that the transition remains expensive and uncertain. Article Title

General Motors Trading Up 2.4%

GM opened at $82.59 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.99 and a current ratio of 1.14. General Motors Company has a one year low of $51.69 and a one year high of $87.62. The company has a market cap of $72.47 billion, a P/E ratio of 41.71, a PEG ratio of 0.41 and a beta of 1.31. The business’s 50-day simple moving average is $79.24 and its 200-day simple moving average is $78.86.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its 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. The firm had revenue of $48.03 billion during the quarter, compared to analysts’ expectations of $47.01 billion. General Motors had a return on equity of 18.18% and a net margin of 1.05%.The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.53 earnings per share. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, equities research analysts expect that General Motors Company will post 13.23 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.18 per share. 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 0.9%. General Motors’s dividend payout ratio (DPR) is presently 36.36%.

Insider Transactions at General Motors

In related news, CEO Mary T. Barra sold 99,239 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $85.10, for a total value of $8,445,238.90. Following the transaction, the chief executive officer directly owned 592,242 shares of the company’s stock, valued at $50,399,794.20. This trade represents a 14.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 General Motors stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $85.00, for a total transaction of $586,075.00. Following the sale, the chief accounting officer owned 25,794 shares in the company, valued at $2,192,490. This represents a 21.09% 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. In the last quarter, insiders sold 697,388 shares of company stock worth $57,752,596. 0.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $100.00 price objective on shares of General Motors in a research report on Wednesday. The Goldman Sachs Group lifted their price target on shares of General Motors from $91.00 to $103.00 and gave the stock a “buy” rating in a research note on Wednesday. Wedbush reiterated an “outperform” rating and set a $95.00 price target on shares of General Motors in a report on Monday, May 11th. Mizuho dropped their price objective on shares of General Motors from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company raised their price objective on shares of General Motors from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $99.59.

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.