TD Waterhouse Canada Inc. Trims Position in General Motors Company $GM

TD Waterhouse Canada Inc. decreased its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 45.1% during the second quarter, Holdings Channel reports. The fund owned 83,499 shares of the auto manufacturer’s stock after selling 68,523 shares during the period. TD Waterhouse Canada Inc.’s holdings in General Motors were worth $6,313,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of GM. Cibc World Market Inc. raised its holdings in General Motors by 57.2% in the 4th quarter. Cibc World Market Inc. now owns 200,662 shares of the auto manufacturer’s stock worth $16,318,000 after purchasing an additional 72,984 shares during the period. Legal & General Group Plc purchased a new position in General Motors during the second quarter valued at $599,066,000. Janney Montgomery Scott LLC grew its holdings in General Motors by 16.2% during the first quarter. Janney Montgomery Scott LLC now owns 202,172 shares of the auto manufacturer’s stock valued at $15,062,000 after purchasing an additional 28,163 shares during the period. Bank of Nova Scotia bought a new stake in General Motors during the second quarter valued at about $63,428,000. Finally, Wilsey Asset Management Inc. increased its position in General Motors by 2.1% in the second quarter. Wilsey Asset Management Inc. now owns 626,200 shares of the auto manufacturer’s stock worth $48,268,000 after buying an additional 12,617 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at General Motors

In related news, EVP Grant Dixton sold 40,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $88.44, for a total transaction of $3,537,600.00. Following the completion of the transaction, the executive vice president directly owned 54,992 shares of the company’s stock, valued at approximately $4,863,492.48. This trade represents a 42.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 318,448 shares of General Motors 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 completion of the sale, the chief executive officer owned 428,994 shares in the company, valued at approximately $38,772,477.72. This represents 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. In the last three months, insiders have sold 669,486 shares of company stock valued at $59,205,537. 0.44% of the stock is owned by corporate insiders.

General Motors Stock Performance

NYSE:GM opened at $87.71 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.42. General Motors Company has a 12-month low of $54.33 and a 12-month high of $91.85. The stock has a 50-day moving average price of $83.26 and a 200 day moving average price of $79.83. The stock has a market capitalization of $76.96 billion, a P/E ratio of 44.30, a P/E/G ratio of 0.50 and a beta of 1.32.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.38. General Motors had a return on equity of 18.18% and a net margin of 1.05%.The company had revenue of $48.03 billion for the quarter, compared to analysts’ expectations of $47.01 billion. During the same period in the previous year, the firm earned $2.53 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Equities research analysts forecast that General Motors Company will post 13.29 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, September 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. General Motors’s dividend payout ratio (DPR) is presently 36.36%.

General Motors News Roundup

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

• Positive Sentiment: Momentum remains favorable: Zacks identified GM as a strong momentum stock, reflecting recent price strength and improving investor interest. GM’s latest quarterly results also exceeded analyst expectations for both earnings and revenue, while management’s fiscal 2026 earnings outlook remains supportive. Here’s Why General Motors Is a Strong Momentum Stock
• Positive Sentiment: Canadian strike risk appears reduced: GM and Unifor reached a tentative agreement covering Canadian auto workers, potentially avoiding production disruptions and related labor costs if workers approve the deal. GM and Unifor Strike Tentative Deal
• Positive Sentiment: Industry seeks restrictions on Chinese vehicles: Major automakers, including GM’s industry group, urged Congress to ban Chinese vehicles from the U.S. market. Such legislation could reduce competitive pressure, although the outcome and timing remain uncertain. Automakers Urge Congress to Ban Chinese Cars
• Neutral Sentiment: New in-cabin camera capability: GM is enabling cameras to record passengers following an over-the-air update. The feature may support future safety or convenience functions, but its immediate financial impact is unclear. GM’s New In-Car Cameras Now Record Passengers
• Negative Sentiment: Recall response may pressure margins: GM is offering employee-level pricing to owners of vehicles affected by the 6.2-liter V8 recall, which could help retain customers but may increase discounts and recall-related costs. GM Offering Employee Pricing for Recalled Vehicles
• Negative Sentiment: Privacy and liability concerns: Passenger-recording functionality could prompt scrutiny over consent, data handling and privacy, potentially creating reputational or regulatory risks for GM. General Motors New In-Cabin Camera Technology

Analyst Ratings Changes

GM has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on General Motors from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Citigroup increased their target price on shares of General Motors from $108.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Morgan Stanley raised their target price on shares of General Motors from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group upped their price target on shares of General Motors from $91.00 to $103.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group raised shares of General Motors from a “hold” rating to a “buy” rating and increased their price objective for the stock from $90.00 to $99.00 in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $101.41.

General Motors 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.