General Motors Company $GM Shares Newly Purchased by Neumann Capital Management LLC

Neumann Capital Management LLC purchased a new stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 49,173 shares of the auto manufacturer’s stock, valued at approximately $3,786,000. General Motors comprises about 1.0% of Neumann Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Evergreen Advisors LLC bought a new position in shares of General Motors in the 1st quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in General Motors during the second quarter valued at approximately $31,000. Premier Financial Group bought a new stake in General Motors during the second quarter valued at approximately $31,000. Burk Holdings LLC bought a new stake in General Motors during the second quarter valued at approximately $31,000. Finally, Elevation Wealth Partners LLC increased its holdings in General Motors by 70.6% during the second quarter. Elevation Wealth Partners LLC now owns 464 shares of the auto manufacturer’s stock valued at $36,000 after buying an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors News Summary

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

• Positive Sentiment: GM is developing higher-margin digital services for retail customers through OnStar and Super Cruise. Management says its first “eyes-off” driving system is expected on the 2028 Cadillac Escalade IQ, potentially creating recurring revenue and improving automotive margins. 2 Revolutionary Developments That Should Change Your Investing Thesis on Ford and General Motors
• Positive Sentiment: GM Defense has unveiled a driverless Silverado 3500HD-based military vehicle. The project broadens GM’s exposure to defense and autonomous-vehicle markets, although its financial contribution is not yet clear. Chevy Silverado 3500HD Goes Driverless as GM Defense Reveals Its Latest Military Innovations
• Positive Sentiment: GM has established direct-to-foundry supply agreements with GlobalFoundries for automotive-grade chips used in future vehicle architectures and driver-assistance systems. The arrangement could improve supply-chain visibility as vehicle electronics become more complex. GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking

Insider Transactions at General Motors

In other news, CAO Christopher Hatto sold 6,895 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $90.00, for a total transaction of $620,550.00. Following the sale, the chief accounting officer directly owned 18,899 shares in the company, valued at $1,700,910. This trade represents a 26.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary Barra sold 318,448 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the sale, the chief executive officer owned 428,994 shares in the company, valued at $38,772,477.72. The trade was a 42.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 549,665 shares of company stock valued at $49,010,828. Company insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GM shares. Barclays increased their price target on shares of General Motors from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. TD Cowen reissued a “hold” rating on shares of General Motors in a research report on Thursday, September 24th. Tigress Financial upped their price objective on General Motors from $92.00 to $130.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 28th. Daiwa Securities Group upped their price objective on General Motors from $83.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Finally, Morgan Stanley raised their target price on General Motors from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, General Motors has an average rating of “Moderate Buy” and an average price target of $101.22.

General Motors Stock Up 0.7%

GM stock opened at $83.64 on Friday. General Motors Company has a twelve month low of $56.81 and a twelve month high of $91.85. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42. The stock has a market cap of $73.39 billion, a P/E ratio of 42.24, a PEG ratio of 0.46 and a beta of 1.40. The business’s 50-day moving average price is $84.41 and its 200-day moving average price is $81.08.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.38. The company had revenue of $48.03 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, equities research analysts forecast that General Motors Company will post 13.54 EPS for the current year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Friday, September 4th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. General Motors’s dividend payout ratio is 36.36%.

General Motors Profile

General Motors Company (NYSE:GM) is a global automotive manufacturer headquartered in Detroit, Michigan. Founded in 1908, the company designs, manufactures and sells cars, trucks and sport utility vehicles under brands including Chevrolet, Buick, GMC and Cadillac.

GM serves customers primarily in North America and also operates in international markets. Its business includes gasoline-powered and electric vehicles, commercial and fleet vehicles, vehicle financing through GM Financial, and connected-vehicle services such as OnStar.