Jackson Thornton Wealth Management LLC grew its stake in shares of General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) by 101.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,677 shares of the auto manufacturer’s stock after buying an additional 6,378 shares during the quarter. Jackson Thornton Wealth Management LLC’s holdings in General Motors were worth $715,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Trust Co. of Toledo NA OH bought a new position in General Motors in the second quarter worth $25,000. GFG Capital LLC purchased a new position in General Motors during the second quarter valued at $27,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of General Motors during the 3rd quarter valued at about $29,000. RMG Wealth Management LLC purchased a new position in shares of General Motors in the second quarter worth $32,000. Finally, Armstrong Advisory Group Inc. raised its holdings in shares of General Motors by 94.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock worth $33,000 after acquiring an additional 265 shares in the last quarter. 92.67% of the stock is owned by institutional investors.
Insider Transactions at General Motors
In other news, CAO Christopher Hatto sold 7,724 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total transaction of $556,128.00. Following the sale, the chief accounting officer owned 12,007 shares in the company, valued at approximately $864,504. This represents a 39.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Mark L. Reuss sold 260,600 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total value of $17,316,870.00. Following the completion of the transaction, the president owned 98,006 shares in the company, valued at $6,512,498.70. This represents a 72.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 284,021 shares of company stock worth $18,971,788. 0.54% of the stock is owned by company insiders.
General Motors Price Performance
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last issued its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The company had revenue of $48.59 billion for the quarter, compared to the consensus estimate of $44.60 billion. During the same quarter in the prior year, the company earned $2.96 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. On average, research analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on GM. Wall Street Zen cut shares of General Motors from a “buy” rating to a “hold” rating in a report on Sunday, January 4th. Zacks Research raised shares of General Motors from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. The Goldman Sachs Group reissued a “buy” rating and issued a $98.00 price objective on shares of General Motors in a research note on Thursday. Wedbush increased their target price on shares of General Motors from $75.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Finally, TD Cowen upped their target price on shares of General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.41.
Get Our Latest Stock Analysis on General Motors
Key Stories Impacting General Motors
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: Chevrolet is making visible progress in its EV push, positioning GM to better challenge Tesla in key segments — a strategic positive for longer-term growth expectations. How Chevrolet is methodically challenging Tesla’s EV reign
- Positive Sentiment: GM engineers report progress on EV driving issues after a 5,000-mile test, which could reduce execution risk around EV product quality and customer experience. General Motors engineers get honest about EV driving after 5,000-mile US roadtrip
- Neutral Sentiment: GM is expected to announce quarterly earnings this week, an event that will refocus investors on fundamentals and could offset or amplify today’s newsflow depending on results and guidance. General Motors (GM) Expected to Announce Quarterly Earnings on Tuesday
- Neutral Sentiment: GM named new regional leaders for Africa and the Middle East — a routine corporate move that supports international execution but is unlikely to move the stock materially today. General Motors further strengthens leadership for Africa and Middle East
- Negative Sentiment: The NHTSA opened a recall query into roughly 597,571 GM vehicles over engine failures involving small-block V8s — a regulatory escalation that raises potential costs, warranty exposure and reputational risk. NHTSA opens probe into about 600,000 GM vehicles over engine failure issue
- Negative Sentiment: Multiple outlets report that recalled 6.2L/L87 V8 engines continue to fail even after GM’s remedy, and the NHTSA is questioning whether the repair is effective — increasing the risk of expanded recalls or deeper investigations. GM’s Recalled 6.2L V8s Are Still Blowing Up Even After Being ‘Fixed’
- Negative Sentiment: Additional reporting details the NHTSA investigation of the L87 small‑block V8 and questions about the recall remedy’s effectiveness, compounding regulatory and legal downside risk. NHTSA Investigates General Motors L87 Small-Block V8 Post-Recall Engine Failures
- Negative Sentiment: Macro headlines weighing on the auto sector — notably Trump tariff/Greenland comments — pressured auto shares broadly (including GM) as investors rotate into defense/mining names on safe-haven/commodity plays. Ford and GM Stocks Drop on Trump Tariff Threats. Why RTX and Northrop Are Higher.
About General Motors
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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