Cibc World Market Inc. Takes $16.98 Million Position in General Motors Company $GM

Cibc World Market Inc. purchased a new stake in General Motors Company (NYSE:GM) (TSE:GMM.U) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 220,285 shares of the auto manufacturer’s stock, valued at approximately $16,980,000.

A number of other hedge funds have also bought and sold shares of the business. OMERS ADMINISTRATION Corp acquired a new stake in General Motors in the 2nd quarter worth about $4,577,000. Osmosis Investment Management UK Ltd bought a new stake in General Motors in the 2nd quarter valued at about $305,000. Sanctuary Advisors LLC acquired a new position in shares of General Motors during the 2nd quarter worth approximately $9,149,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of General Motors during the second quarter worth approximately $489,000. Finally, Te Ahumairangi Investment Management Ltd bought a new position in shares of General Motors during the second quarter worth approximately $5,461,000. 92.67% of the stock is owned by institutional investors.

Trending Headlines about General Motors

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

• Positive Sentiment: GM and Unifor reached tentative agreements that include pay increases, reducing the risk of a labor disruption at Canadian operations. However, higher wages could increase manufacturing costs. GM, Unifor reach tentative agreements with pay hikes
• Positive Sentiment: GM’s purchasing facility of up to $4.5 billion with Procura Auto Parts is intended to secure critical components during future supply-chain disruptions, potentially improving production resilience. GM spends $4.5 billion on chips
• Neutral Sentiment: GM launched a Stars, Stripes, and Skilled Trades initiative supporting veterans and military families. The program may strengthen recruiting and corporate branding but is unlikely to materially affect near-term earnings. General Motors launches Stars, Stripes, and Skilled Trades initiative
• Neutral Sentiment: Reports that GM is considering a Chevrolet Volt successor highlight a possible response to stronger plug-in hybrid demand, but the product’s timing, investment and profitability remain uncertain. As Toyota RAV4 Plug-In Surges, GM Eyes a Chevy Volt Sequel
• Negative Sentiment: NHTSA expanded its investigation into GM’s eBoost electronic braking system to more than 1.1 million vehicles following hundreds of reports, more than 20 crashes or fires and at least six injuries. Potential recalls, repairs, litigation and reputational damage are key risks, including for some GM EVs built with Honda. GM vehicles under federal scrutiny after hundreds of reports
• Negative Sentiment: The U.S. decision to impose 50% tariffs on Canadian auto imports, following a breakdown in trade talks, could raise GM’s parts and vehicle costs because of its integrated North American supply chain and pressure margins. Trump wants to protect U.S. auto makers
• Negative Sentiment: NHTSA is also examining reports that fixes for GM’s 6.2-liter L87 V8 recall may not have prevented additional engine failures, increasing possible warranty and recall liabilities. GM’s 6.2L V8 recall fix may not have worked

Wall Street Analyst Weigh In

A number of equities analysts have commented on GM shares. Jefferies Financial Group upgraded General Motors from a “hold” rating to a “buy” rating and raised their price objective for the stock from $90.00 to $99.00 in a research note on Monday, July 27th. Wells Fargo & Company upped their target price on General Motors from $60.00 to $61.00 and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. Citigroup increased their target price on General Motors from $108.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Wall Street Zen upgraded General Motors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Morgan Stanley boosted their price target on General Motors from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.41.

Insider Buying and Selling at General Motors

In other General Motors news, President Mark L. Reuss sold 71,079 shares of General Motors stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $89.97, for a total value of $6,394,977.63. Following the transaction, the president owned 92,293 shares in the company, valued at $8,303,601.21. The trade was a 43.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $90.38, for a total value of $28,781,330.24. Following the transaction, the chief executive officer directly owned 428,994 shares of the company’s stock, valued at approximately $38,772,477.72. The trade was a 42.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,026,010 shares of company stock worth $89,080,261 over the last quarter. 0.44% of the stock is currently owned by company insiders.

General Motors Stock Performance

Shares of NYSE:GM opened at $86.97 on Tuesday. General Motors Company has a 1 year low of $54.33 and a 1 year high of $91.85. The stock has a market capitalization of $76.31 billion, a price-to-earnings ratio of 43.92, a price-to-earnings-growth ratio of 0.40 and a beta of 1.30. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.14 and a quick ratio of 0.97. The company’s 50 day simple moving average is $82.07 and its 200 day simple moving average is $79.55.

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

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. General Motors’s payout ratio is 36.36%.

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.