General Motors Company $GM Position Cut by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 0.8% in the 1st quarter, Holdings Channel reports. The fund owned 1,020,253 shares of the auto manufacturer’s stock after selling 8,326 shares during the period. Principal Financial Group Inc.’s holdings in General Motors were worth $76,009,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Tsfg LLC increased its stake in shares of General Motors by 5.7% in the fourth quarter. Tsfg LLC now owns 2,241 shares of the auto manufacturer’s stock valued at $182,000 after purchasing an additional 120 shares during the period. Bogart Wealth LLC grew its holdings in General Motors by 15.6% in the 4th quarter. Bogart Wealth LLC now owns 905 shares of the auto manufacturer’s stock worth $74,000 after buying an additional 122 shares in the last quarter. Sumitomo Life Insurance Co. increased its position in General Motors by 0.7% in the 4th quarter. Sumitomo Life Insurance Co. now owns 19,477 shares of the auto manufacturer’s stock valued at $1,584,000 after acquiring an additional 127 shares during the period. PDS Planning Inc increased its position in General Motors by 3.4% in the 4th quarter. PDS Planning Inc now owns 3,996 shares of the auto manufacturer’s stock valued at $325,000 after acquiring an additional 131 shares during the period. Finally, UMB Bank n.a. raised its stake in General Motors by 2.0% during the 4th quarter. UMB Bank n.a. now owns 6,887 shares of the auto manufacturer’s stock valued at $560,000 after acquiring an additional 136 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of General Motors in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of General Motors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. TD Cowen upped their price objective on shares of General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wolfe Research raised General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 target price on the stock in a report on Wednesday, March 25th. Finally, JPMorgan Chase & Co. upped their target price on General Motors from $98.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.27.

Insider Activity at General Motors

In other General Motors news, CEO Mary T. Barra sold 99,239 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $85.10, for a total transaction of $8,445,238.90. Following the sale, the chief executive officer directly owned 592,242 shares of the company’s stock, valued at $50,399,794.20. The trade was a 14.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $85.00, for a total value of $586,075.00. Following the completion of the sale, the chief accounting officer owned 25,794 shares of the company’s stock, valued at $2,192,490. The trade was a 21.09% 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 90 days, insiders sold 697,388 shares of company stock worth $57,752,596. 0.54% of the stock is owned by corporate insiders.

General Motors Stock Down 0.0%

Shares of General Motors stock opened at $77.62 on Friday. General Motors Company has a 12-month low of $48.87 and a 12-month high of $87.62. The firm has a market capitalization of $69.99 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 0.39 and a beta of 1.31. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. The stock’s fifty day moving average is $78.88 and its 200-day moving average is $78.93.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $1.09. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The firm had revenue of $43.62 billion for the quarter, compared to the consensus estimate of $43.51 billion. During the same quarter in the previous year, the company earned $2.78 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Equities analysts anticipate that General Motors Company will post 12.86 earnings per share for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, June 5th. General Motors’s dividend payout ratio is 29.03%.

Key General Motors News

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

• Positive Sentiment: Several market commentary pieces highlight GM’s strong earnings history and suggest the company could beat estimates again in its next quarterly report, which could support the stock if results and guidance come in ahead of expectations. Article Title
• Positive Sentiment: GM has also been featured as a top-ranked growth stock in screening tools, reinforcing the view that investors are still finding value in the name ahead of earnings. Article Title
• Positive Sentiment: GM Middle East sales were boosted by full-size SUVs and pickups, suggesting demand remains solid in profitable vehicle segments. Article Title
• Neutral Sentiment: Multiple previews of GM’s upcoming Q2 earnings focus on key metrics and Wall Street expectations, which mainly keeps attention on the report rather than changing the underlying story. Article Title
• Neutral Sentiment: GM-related nostalgia and legacy pieces, including the demolition of a historic Pontiac building and other heritage coverage, are more symbolic than financially material for the stock. Article Title
• Negative Sentiment: A Reuters-style report on GM missing the hybrid shift and losing share to Toyota is the most important bearish takeaway, since it raises concerns that GM is underinvested in a fast-growing segment and could face pressure on U.S. market share and future margins. Article Title

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.