Evolve Private Wealth LLC Sells 16,545 Shares of General Motors Company $GM

Evolve Private Wealth LLC reduced its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 10.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,650 shares of the auto manufacturer’s stock after selling 16,545 shares during the period. General Motors comprises 0.6% of Evolve Private Wealth LLC’s investment portfolio, making the stock its 26th largest holding. Evolve Private Wealth LLC’s holdings in General Motors were worth $10,702,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Franklin Resources Inc. boosted its position in General Motors by 2.7% during the 4th quarter. Franklin Resources Inc. now owns 32,158,403 shares of the auto manufacturer’s stock worth $2,615,121,000 after buying an additional 835,645 shares during the period. Geode Capital Management LLC increased its position in General Motors by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 22,242,381 shares of the auto manufacturer’s stock valued at $1,802,668,000 after acquiring an additional 267,477 shares during the period. Capital World Investors increased its position in General Motors by 7.8% in the 4th quarter. Capital World Investors now owns 19,536,049 shares of the auto manufacturer’s stock valued at $1,588,688,000 after acquiring an additional 1,405,530 shares during the period. AQR Capital Management LLC raised its stake in shares of General Motors by 5.5% during the third quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock valued at $868,986,000 after acquiring an additional 748,831 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of General Motors by 3.9% during the fourth quarter. Morgan Stanley now owns 13,191,028 shares of the auto manufacturer’s stock valued at $1,072,695,000 after acquiring an additional 494,404 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of General Motors stock opened at $79.45 on Monday. The business has a 50-day simple moving average of $79.17 and a 200 day simple moving average of $79.26. General Motors Company has a one year low of $47.63 and a one year high of $87.62. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99. The firm has a market capitalization of $71.64 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 0.40 and a beta of 1.30.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. The firm had revenue of $43.62 billion during the quarter, compared to analysts’ expectations of $43.51 billion. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, research analysts anticipate that General Motors Company will post 12.85 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.72 annualized dividend and a yield of 0.9%. General Motors’s dividend payout ratio (DPR) is presently 29.03%.

Key Stories Impacting General Motors

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

• Positive Sentiment: GM Defense announced a collaboration with Lockheed Martin to support U.S. defense manufacturing, a potentially strategic business win that could diversify GM’s industrial footprint and improve investor sentiment. GM Defense, Lockheed Martin to collaborate on US defense manufacturing
• Positive Sentiment: GM also highlighted a software update enabling certain U.S. EV owners to send power back to the electric grid, expanding its vehicle-to-home energy capabilities and reinforcing its EV technology narrative. General Motors (GM) Shares Key Software Update to Enable Power Transmition
• Neutral Sentiment: Recent coverage noted GM’s CEO Mary Barra sold 99,239 shares under a pre-arranged 10b5-1 plan; this is routine insider activity, but it can still create mild investor caution. General Motors (NYSE:GM) CEO Mary Barra Sells 99,239 Shares of Stock
• Neutral Sentiment: There was also attention on GM’s pickup demand shifting faster than expected and a possible Silverado 1500 production change at Oshawa, which suggests product-mix and manufacturing adjustments rather than a clear near-term earnings impact. GM Says Buyers Are Moving Away From Pickups Faster Than Expected GM Reportedly Ending Chevy Silverado 1500 Production At Oshawa Plant
• Negative Sentiment: A GMC dealer lawsuit alleging allocation practices are hurting its business could raise relationship and reputational concerns if it escalates. GMC Dealer Sues GM, Claims Vehicle Allocation Strategy Is Driving It Out Of Business
• Negative Sentiment: Another lawsuit seeking $15 million against GMC adds to legal overhang and may contribute to downside sentiment for GM shares. GMC sued for $15 million by longtime ally as allegations get raised
• Negative Sentiment: Coverage of factory tension at GM’s Factory Zero, including cobot deployment alongside layoffs, may reinforce investor worries about labor friction and restructuring costs. GM, UAW face sudden high-stakes factory rift

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of General Motors from $57.00 to $59.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 29th. TD Cowen raised their target price on General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wall Street Zen raised General Motors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Wedbush reiterated an “outperform” rating and issued a $95.00 price target on shares of General Motors in a research report on Monday, May 11th. Finally, Piper Sandler reissued an “overweight” rating and issued a $102.00 price target on shares of General Motors in a research note on Wednesday, April 29th. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.65.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 9,124 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $84.97, for a total transaction of $775,266.28. Following the transaction, the executive vice president owned 37,395 shares in the company, valued at approximately $3,177,453.15. This represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $85.00, for a total transaction of $586,075.00. Following the completion of the transaction, the chief accounting officer directly owned 25,794 shares in the company, valued at $2,192,490. This trade represents a 21.09% 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. 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 Company 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.