Wedge Capital Management L L P NC Buys 19,575 Shares of General Motors Company $GM

Wedge Capital Management L L P NC boosted its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 4.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 438,424 shares of the auto manufacturer’s stock after purchasing an additional 19,575 shares during the quarter. Wedge Capital Management L L P NC’s holdings in General Motors were worth $33,794,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Laurel Wealth Advisors LLC bought a new stake in General Motors in the fourth quarter valued at approximately $25,000. Evergreen Advisors LLC acquired a new stake in General Motors during the 1st quarter worth $26,000. SouthState Bank Corp raised its stake in General Motors by 101.7% during the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock worth $29,000 after buying an additional 177 shares during the period. Kelleher Financial Advisors bought a new position in General Motors during the third quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. bought a new position in General Motors during the fourth quarter worth about $30,000. 92.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Rory Harvey sold 8,882 shares of the firm’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $86.95, for a total value of $772,289.90. Following the completion of the transaction, the executive vice president directly owned 28,513 shares of the company’s stock, valued at approximately $2,479,205.35. This trade represents a 23.75% decrease in their ownership of the stock. The transaction was disclosed in a 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, CEO Mary T. Barra sold 318,448 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the transaction, the chief executive officer 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 have sold a total of 1,247,053 shares of company stock worth $106,763,425 in the last quarter. 0.44% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on GM. Barclays increased their price target on General Motors from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Piper Sandler reiterated an “overweight” rating and set a $102.00 price objective on shares of General Motors in a report on Wednesday, April 29th. Wells Fargo & Company boosted their price objective on General Motors from $60.00 to $61.00 and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. Evercore restated an “outperform” rating and set a $100.00 target price on shares of General Motors in a report on Monday, May 4th. Finally, The Goldman Sachs Group lifted their price target on shares of General Motors from $91.00 to $103.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.41.

Key General Motors News

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

• Positive Sentiment: GM is creating a parts-supply “safety net.” The automaker reached an agreement worth up to $4.5 billion with a third-party inventory-management company to secure critical components and reduce the risk of production disruptions. The move addresses vulnerabilities exposed by recent industry supply shocks and could improve manufacturing reliability. GM reaches up to $4.5 billion parts deal designed to avoid supply chain troubles
• Positive Sentiment: GM is exiting its Indiana battery joint venture with Samsung SDI. Samsung SDI will take full ownership of the planned $3.5 billion facility, which will now focus partly on energy-storage systems and other applications. For GM, the transaction reduces exposure to weaker-than-expected EV battery demand and frees capital, reinforcing its strategy of moderating EV investment. Samsung SDI takes full control of GM’s Indiana battery plant
• Positive Sentiment: Analyst earnings expectations remain favorable. Erste Group raised its fiscal 2027 EPS estimate for GM to $15.04 from $14.99, while GM’s recent quarterly results exceeded consensus estimates for both earnings and revenue. The company has also been highlighted among companies that raised guidance during the second-quarter earnings season.
• Neutral Sentiment: GM and EVgo are expanding fast-charging infrastructure. The companies opened a flagship charging site in the Detroit area and expect more than 100 additional stalls to be operational by the end of 2026. The expansion supports GM’s EV ecosystem, although the near-term financial contribution is uncertain. EVgo and GM Enhance the Charging Experience with New Flagship Sites
• Negative Sentiment: Labor negotiations could introduce risk. Canadian union Unifor has begun talks with GM following a Ford agreement. Potential wage or contract concessions may pressure costs, though no dispute or disruption has been reported.

General Motors Trading Up 1.5%

NYSE GM opened at $89.28 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.97 and a current ratio of 1.14. The stock’s 50 day moving average price is $81.40 and its two-hundred day moving average price is $79.40. The stock has a market capitalization of $78.34 billion, a price-to-earnings ratio of 45.09, a PEG ratio of 0.40 and a beta of 1.30. General Motors Company has a 52 week low of $53.95 and a 52 week high of $91.85.

General Motors (NYSE:GM) (TSE:GMM.U) last released 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 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 analyst estimates of $47.01 billion. During the same quarter in the prior year, the company posted $2.53 earnings per share. General Motors’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. As a group, analysts anticipate that General Motors Company will post 13.29 earnings per share 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. Stockholders of record on Friday, September 4th will be issued 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 is presently 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.