Wilsey Asset Management Inc. Decreases Position in General Motors Company $GM

Wilsey Asset Management Inc. lowered its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 613,583 shares of the auto manufacturer’s stock after selling 14,249 shares during the period. General Motors comprises about 7.2% of Wilsey Asset Management Inc.’s holdings, making the stock its biggest position. Wilsey Asset Management Inc.’s holdings in General Motors were worth $45,712,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of GM. Laurel Wealth Advisors LLC bought a new stake in shares of General Motors during the 4th quarter valued at approximately $25,000. Elevation Wealth Partners LLC grew its stake in shares of General Motors by 500.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 275 shares during the last quarter. SouthState Bank Corp grew its position in General Motors by 101.7% during the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock worth $29,000 after acquiring an additional 177 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in General Motors in the fourth quarter valued at about $30,000. Finally, Founders Capital Management bought a new stake in shares of General Motors during the fourth quarter worth about $31,000. 92.67% of the stock is currently owned by institutional investors.

General Motors News Roundup

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

• Positive Sentiment: GM signed a long-term chip supply agreement with Micron, and the companies will continue working together on memory and storage technologies. That should support GM’s supply-chain resilience and is a positive sign for production planning. General Motors signs chip supply agreement with Micron
• Positive Sentiment: GM was reported as Canada’s best-selling automaker through the first half of 2026, with strong deliveries across Chevrolet, Buick, GMC and Cadillac. This suggests solid demand in a key market. GM is the Sales Leader in Canada Through First Half of 2026
• Positive Sentiment: Zacks highlighted a hammer chart pattern and improving earnings estimate revisions, which technicians may view as a sign GM could be near a bottom after recent weakness. General Motors (GM) May Find a Bottom Soon, Here’s Why You Should Buy the Stock Now
• Neutral Sentiment: GM drew heavy investor attention on Zacks, but the item was mainly a watchlist/visibility note rather than a fundamental catalyst. Investors Heavily Search General Motors Company (GM): Here is What You Need to Know
• Neutral Sentiment: GM dealer inventory fell 1% in Q2, which suggests supply is still being managed tightly, but the headline alone does not clearly indicate a major earnings impact. GM Dealer Inventory Down 1 Percent In Q2 2026
• Negative Sentiment: GM faces fresh recall-related headlines, including more than 14,000 vehicles recalled and warnings to owners not to drive certain models because wheels can lock up unexpectedly. Recalls can pressure sentiment and raise costs. GM recalls over 14K vehicles. See affected models GM told owners not to drive certain vehicles whose wheels can lock up without warning
• Negative Sentiment: Zacks also noted GM’s Q2 sales declined 4% year over year, with EV demand weakness, discontinued models and inventory constraints weighing on results. That is a clear near-term headwind. What’s Behind General Motors’ Q2 Sales Decline of 4% Y/Y?
• Negative Sentiment: A PR Newswire item raised questions about whether GM insiders breached fiduciary duties, adding legal overhang and potential reputational risk, even though the article is largely solicitor-driven. Did General Motors Company Insiders Breach their Fiduciary Duties to Shareholders?

Insider Activity at General Motors

In other General Motors news, CAO Christopher Hatto sold 6,895 shares of General Motors stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $85.00, for a total value of $586,075.00. Following the sale, the chief accounting officer owned 25,794 shares of the company’s stock, valued at approximately $2,192,490. The trade was a 21.09% decrease in their ownership of the stock. The sale 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, EVP Rory Harvey sold 9,124 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $84.97, for a total transaction of $775,266.28. Following the sale, the executive vice president owned 37,395 shares of the company’s stock, valued at approximately $3,177,453.15. The trade was a 19.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 697,388 shares of company stock valued at $57,752,596. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GM shares. Piper Sandler restated an “overweight” rating and issued a $102.00 price target on shares of General Motors in a research report on Wednesday, April 29th. Wall Street Zen raised General Motors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Evercore reiterated an “outperform” rating and set a $100.00 price target on shares of General Motors in a report on Monday, May 4th. Barclays reduced their price objective on shares of General Motors from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Finally, The Goldman Sachs Group decreased their target price on General Motors from $104.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and an average price target of $95.70.

General Motors Trading Up 0.1%

Shares of General Motors stock opened at $76.06 on Monday. The company has a market capitalization of $68.58 billion, a P/E ratio of 30.67, a price-to-earnings-growth ratio of 0.38 and a beta of 1.31. The stock has a fifty day simple moving average of $79.02 and a 200 day simple moving average of $79.26. General Motors Company has a 12-month low of $48.87 and a 12-month high of $87.62. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The company had revenue of $43.62 billion for the quarter, compared to analyst estimates of $43.51 billion. During the same period last year, the firm earned $2.78 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, sell-side 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 announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. General Motors’s dividend payout ratio is currently 29.03%.

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.