State of Michigan Retirement System Sells 8,100 Shares of General Motors Company $GM

15 Jul 2026, 09:38 by Kim Johansen · The Markets Daily

State of Michigan Retirement System decreased its holdings in General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) by 2.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 370,008 shares of the auto manufacturer’s stock after selling 8,100 shares during the quarter. State of Michigan Retirement System’s holdings in General Motors were worth $27,566,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC purchased a new position in General Motors during the 4th quarter valued at $25,000. Elevation Wealth Partners LLC lifted its position in shares of General Motors by 500.0% in 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 boosted its stake in shares of General Motors by 101.7% during the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 177 shares in the last quarter. Kelleher Financial Advisors bought a new stake in shares of General Motors during the 3rd quarter valued at about $29,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of General Motors during the fourth quarter valued at about $30,000. Institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on GM. JPMorgan Chase & Co. boosted their price target on General Motors from $98.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of General Motors in a research report on Tuesday, April 21st. Wolfe Research upgraded General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price objective for the company in a research note on Wednesday, March 25th. TD Cowen boosted their target price on General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Mizuho cut their target price on General Motors from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, General Motors presently has an average rating of “Moderate Buy” and a consensus target price of $97.27.

Read Our Latest Stock Report on GM

General Motors Stock Performance

Shares of NYSE GM opened at $76.81 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. General Motors Company has a 52-week low of $48.87 and a 52-week high of $87.62. The company has a market cap of $69.26 billion, a PE ratio of 30.97, a PEG ratio of 0.39 and a beta of 1.31. The firm’s 50-day moving average price is $78.92 and its 200-day moving average price is $79.01.

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, beating analysts’ consensus estimates of $2.61 by $1.09. The business had revenue of $43.62 billion during the quarter, compared to the consensus estimate of $43.51 billion. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.78 EPS. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, analysts anticipate that General Motors Company will post 12.85 EPS for the current year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were given a dividend of $0.18 per share. The ex-dividend date was Friday, June 5th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. General Motors’s dividend payout ratio (DPR) is presently 29.03%.

Key Headlines Impacting General Motors

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

Positive Sentiment: GM is getting attention as a value stock in a market rattled by Middle East tensions, with Zacks highlighting General Motors as a low price-to-cash-flow idea that could appeal to investors looking for solid returns. Article Title
Positive Sentiment: Investor interest is also being reinforced by a Zacks note calling GM a trending stock, which can help keep the shares in focus ahead of upcoming earnings and encourage near-term trading activity. Article Title
Positive Sentiment: GM’s upcoming earnings release is approaching, and expectations around the quarterly report can lift sentiment if investors anticipate another strong result like the company’s recent beat-and-raise-style performance. Article Title
Positive Sentiment: Coverage of the 2027 GMC Sierra 1500 points to refreshed design details and new V8 engines, reinforcing GM’s product pipeline in one of its most important profit centers: full-size trucks. Article Title
Neutral Sentiment: GM is preparing to demo the old Pontiac division headquarters, a real-estate or legacy-asset story that is unlikely to have a major direct impact on the stock unless it signals broader restructuring. Article Title
Neutral Sentiment: GM reportedly dropped the Chevy Equinox EV in Brazil, which looks like a regional market decision rather than a companywide setback, so the stock impact should be limited unless it points to softer EV demand abroad. Article Title
Neutral Sentiment: A feature article on Chevrolet cars for retirees is mostly promotional/consumer-interest content and does not appear to materially change GM’s outlook. Article Title
Neutral Sentiment: GM’s Middle East sales mix over 25 years highlights the strength of its SUVs and pickups in that region, but the article mainly serves as a brand/market-history note rather than a fresh catalyst. Article Title

Insider Buying and Selling at General Motors

In related news, EVP Rory Harvey sold 9,124 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $84.97, for a total value of $775,266.28. Following the completion of the transaction, the executive vice president owned 37,395 shares of the company’s stock, valued at approximately $3,177,453.15. This trade represents a 19.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 General Motors stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $85.00, for a total value of $586,075.00. Following the completion of the transaction, the chief accounting officer owned 25,794 shares of the company’s stock, valued at approximately $2,192,490. This represents a 21.09% 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. In the last ninety days, insiders have sold 697,388 shares of company stock worth $57,752,596. Insiders own 0.54% of the company’s stock.

General Motors Profile

(Free Report)

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.