Neumann Capital Management LLC Buys 49,173 Shares of General Motors Company $GM

Neumann Capital Management LLC bought a new position in General Motors Company (NYSE:GM) (TSE:GMM.U) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 portfolio, making the stock its 28th largest position.

A number of other institutional investors have also recently modified their holdings of the stock. Avior Wealth Management LLC boosted its stake in General Motors by 2.6% in the 3rd quarter. Avior Wealth Management LLC now owns 5,251 shares of the auto manufacturer’s stock worth $404,000 after purchasing an additional 134 shares in the last quarter. Bogart Wealth LLC grew its position in General Motors by 17.0% during the 2nd quarter. Bogart Wealth LLC now owns 949 shares of the auto manufacturer’s stock valued at $73,000 after purchasing an additional 138 shares during the last quarter. Intelligence Driven Advisers LLC grew its position in General Motors by 2.0% during the 3rd quarter. Intelligence Driven Advisers LLC now owns 7,236 shares of the auto manufacturer’s stock valued at $557,000 after purchasing an additional 143 shares during the last quarter. MinichMacGregor Wealth Management LLC increased its stake in General Motors by 3.8% during the 1st quarter. MinichMacGregor Wealth Management LLC now owns 3,975 shares of the auto manufacturer’s stock valued at $296,000 after purchasing an additional 144 shares in the last quarter. Finally, Signaturefd LLC increased its stake in General Motors by 0.9% during the 2nd quarter. Signaturefd LLC now owns 17,150 shares of the auto manufacturer’s stock valued at $1,322,000 after purchasing an additional 157 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Price Performance

Shares of NYSE:GM opened at $83.64 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.97 and a current ratio of 1.14. The firm has a market cap of $73.39 billion, a price-to-earnings ratio of 42.24, a price-to-earnings-growth ratio of 0.46 and a beta of 1.40. The business has a 50-day simple moving average of $84.41 and a two-hundred day simple moving average of $81.08. General Motors Company has a fifty-two week low of $56.81 and a fifty-two week high of $91.85.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results 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 firm had revenue of $48.03 billion for the quarter, compared to the consensus estimate of $47.01 billion. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, analysts expect that General Motors Company will post 13.54 earnings per share for the current year.

General Motors Dividend Announcement

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

Insider Activity at General Motors

In other General Motors news, EVP Rory Harvey sold 8,882 shares of General Motors stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $86.95, for a total value of $772,289.90. Following the completion of the sale, the executive vice president owned 28,513 shares of the company’s stock, valued at approximately $2,479,205.35. The trade was a 23.75% decrease in their position. The transaction was disclosed in a document filed 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 business’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 owned 18,899 shares of the company’s stock, valued at approximately $1,700,910. This represents a 26.73% 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. Insiders have sold 549,665 shares of company stock valued at $49,010,828 over the last quarter. 0.44% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on GM. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $101.00 target price on shares of General Motors in a research note on Friday, October 9th. BNP Paribas Exane raised their price target on shares of General Motors from $102.00 to $112.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. decreased their price objective on shares of General Motors from $120.00 to $110.00 and set an “overweight” rating for the company in a report on Monday. Morgan Stanley boosted their price objective on shares of General Motors from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Finally, Tigress Financial upped their price objective on General Motors from $92.00 to $130.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.22.

Key General Motors News

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

About General Motors

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.