Kestra Private Wealth Services LLC increased its holdings in General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) by 176.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 19,884 shares of the auto manufacturer’s stock after buying an additional 12,682 shares during the period. Kestra Private Wealth Services LLC’s holdings in General Motors were worth $1,481,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new position in General Motors in the fourth quarter valued at approximately $25,000. Elevation Wealth Partners LLC raised its position in shares of General Motors by 500.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 275 shares during the period. SouthState Bank Corp lifted its holdings in shares of General Motors by 101.7% in the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock worth $29,000 after purchasing an additional 177 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of General Motors in the 4th quarter worth approximately $30,000. Finally, Founders Capital Management acquired a new position in General Motors during the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds 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 pushing a stronger “Made in America” message, which could support brand perception and help differentiate the company from rivals in a politically charged auto market. GM doubles down on American-made messaging targeted at its peers
- Positive Sentiment: GM’s autonomous-driving efforts appear to be gaining momentum, with the company hiring talent from rivals to accelerate self-driving development for consumer vehicles. GM wants to crack self-driving for the masses, and it’s hiring talent from rivals to do it
- Positive Sentiment: GM is continuing to invest heavily in production capacity in Brazil and Mexico, signaling confidence in demand and a commitment to growth in key Latin American markets. General Motors (GM) Puts $1 Billion More Behind Brazil And Mexico Production
- Positive Sentiment: A bullish analyst-style piece highlighted GM’s strong stock performance over the past three years and argued the company still has room to run. 1 Stock That’s More Than Doubled in 3 Years, and 3 Reasons It Will Keep Soaring
- Neutral Sentiment: GM Design released sketches and renderings of the 2027 GMC Sierra 1500, which may help keep interest in the product pipeline but is unlikely to move the stock on its own. GM Design Team Releases 2027 GMC Sierra 1500 Sketches And Renderings
- Neutral Sentiment: News that Momenta, a GM- and Tencent-backed autonomous-driving company, is targeting a Hong Kong IPO may indirectly validate GM’s AV strategy, but the direct stock impact is limited for now. Momenta Targets $752 Million Hong Kong IPO
- Negative Sentiment: GM recalled about 26,000 vehicles, including older vans, over a steering-related issue, adding to quality-control concerns and potentially pressuring sentiment. GM Recalls Everyone’s Favorite Contractor Van For Steering Problem
- Negative Sentiment: Another recall story focused on GM’s older vans and the same steering defect, reinforcing concerns about repairs, warranty costs, and reputational damage. GM’s Oldest Vans Are Being Recalled For A Serious Steering Issue
- Negative Sentiment: A separate report warned that Toyota is on track to overtake GM as the top-selling carmaker in the U.S. in 2026, which could raise competitive concerns for investors. Toyota on track to overtake GM as top-selling 2026 carmaker in US
General Motors Stock Down 0.9%
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last released its quarterly earnings results 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. The company 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 in the prior year, the business posted $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, research analysts forecast that General Motors Company will post 12.85 EPS for the current year.
General Motors Dividend Announcement
The business also recently announced 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 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, June 5th. General Motors’s dividend payout ratio is currently 29.03%.
Analyst Ratings Changes
GM has been the subject of a number of recent research reports. UBS Group restated a “buy” rating on shares of General Motors in a research note on Wednesday, June 10th. Weiss Ratings reissued a “hold (c)” rating on shares of General Motors in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of General Motors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Evercore reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of General Motors in a report on Monday, May 4th. Finally, Wedbush reiterated an “outperform” rating and issued a $95.00 price objective on shares of General Motors in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, General Motors has an average rating of “Moderate Buy” and an average target price of $95.70.
Read Our Latest Stock Analysis on General Motors
Insider Buying and Selling at General Motors
In other General Motors news, EVP Rory Harvey sold 79,494 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $83.02, for a total transaction of $6,599,591.88. Following the transaction, the executive vice president owned 46,519 shares of the company’s stock, valued at approximately $3,862,007.38. This trade represents a 63.08% decrease in their position. The transaction was disclosed in a filing 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, CAO Christopher Hatto sold 6,895 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $85.00, for a total transaction of $586,075.00. Following the sale, the chief accounting officer 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. 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 have sold 697,388 shares of company stock valued at $57,752,596. Company insiders own 0.54% of the company’s stock.
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.
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