General Motors Company $GM Shares Sold by First Financial Bank Trust Division

First Financial Bank Trust Division lowered its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 13.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,606 shares of the auto manufacturer’s stock after selling 9,797 shares during the period. First Financial Bank Trust Division’s holdings in General Motors were worth $4,980,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Eastern Bank lifted its holdings in General Motors by 516.0% in the second quarter. Eastern Bank now owns 770 shares of the auto manufacturer’s stock worth $59,000 after purchasing an additional 645 shares during the period. Basecamp Wealth Advisors LLC lifted its stake in shares of General Motors by 32.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,189 shares of the auto manufacturer’s stock worth $89,000 after acquiring an additional 294 shares during the period. Redwood Investment Management LLC bought a new position in shares of General Motors in the first quarter valued at approximately $1,045,000. Western Wealth Management LLC increased its stake in shares of General Motors by 8.1% during the first quarter. Western Wealth Management LLC now owns 2,856 shares of the auto manufacturer’s stock valued at $213,000 after acquiring an additional 213 shares during the period. Finally, LFG Wealth Partners LLC bought a new stake in General Motors during the first quarter worth approximately $1,480,000. Institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

GM has been the subject of a number of research reports. Benchmark reaffirmed a “buy” rating on shares of General Motors in a research note on Tuesday, July 21st. Royal Bank Of Canada boosted their price objective on General Motors from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Wall Street Zen raised General Motors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Piper Sandler reiterated an “overweight” rating and issued a $102.00 price target on shares of General Motors in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group upped their price target on shares of General Motors from $91.00 to $103.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. One 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $101.41.

Insider Activity

In other news, President Mark L. Reuss sold 71,079 shares of the business’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 transaction of $6,394,977.63. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Grant Michael Dixton sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $88.44, for a total transaction of $3,537,600.00. Following the completion of the transaction, the executive vice president directly owned 54,992 shares of the company’s stock, valued at $4,863,492.48. This represents a 42.11% 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. In the last ninety days, insiders sold 1,247,053 shares of company stock valued at $106,763,425. 0.44% of the stock is currently owned by insiders.

General Motors Stock Performance

Shares of NYSE GM opened at $87.68 on Tuesday. The stock’s fifty day simple moving average is $80.74 and its 200 day simple moving average is $79.06. The stock has a market capitalization of $76.94 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 0.41 and a beta of 1.30. 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 Company has a 52-week low of $52.09 and a 52-week high of $91.85.

General Motors (NYSE:GM) (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, beating analysts’ consensus estimates of $3.19 by $0.38. The business had revenue of $48.03 billion during the quarter, compared to analyst estimates of $47.01 billion. General Motors had a return on equity of 18.18% and a net margin of 1.05%.General Motors’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the company posted $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, sell-side analysts forecast that General Motors Company will post 13.27 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company 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 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, September 4th. General Motors’s dividend payout ratio (DPR) is 36.36%.

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.