General Motors (NYSE:GM) CEO Sells $11,475,138.62 in Stock

General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) CEO Mary Barra sold 134,954 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $85.03, for a total transaction of $11,475,138.62. Following the transaction, the chief executive officer owned 592,242 shares of the company’s stock, valued at approximately $50,358,337.26. This trade represents a 18.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

General Motors Trading Down 1.1%

NYSE GM opened at $83.39 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. The firm has a market cap of $75.19 billion, a PE ratio of 33.63, a price-to-earnings-growth ratio of 0.42 and a beta of 1.29. The company has a 50 day moving average price of $76.93 and a 200 day moving average price of $78.07. General Motors Company has a 52 week low of $46.81 and a 52 week high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, topping the consensus estimate of $2.61 by $1.09. The firm had revenue of $43.62 billion during the quarter, compared to analyst estimates of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. General Motors’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.78 EPS. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, sell-side analysts forecast that General Motors Company will post 12.85 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, June 5th. General Motors’s payout ratio is 29.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. TD Cowen upped their price target on shares of General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Bank of America assumed coverage on shares of General Motors in a research note on Wednesday, March 4th. They set a “buy” rating and a $105.00 price target on the stock. Piper Sandler restated an “overweight” rating and set a $102.00 price target on shares of General Motors in a research note on Wednesday, April 29th. Citigroup upped their price target on shares of General Motors from $105.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Barclays cut their price target on shares of General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.65.

Get Our Latest Stock Analysis on General Motors

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Institutional Trading of General Motors

Several large investors have recently made changes to their positions in the business. Groupama Asset Managment boosted its holdings in shares of General Motors by 22.5% in the 1st quarter. Groupama Asset Managment now owns 9,548 shares of the auto manufacturer’s stock valued at $711,000 after acquiring an additional 1,755 shares during the last quarter. Essential Partners LLC boosted its holdings in shares of General Motors by 1.0% in the 1st quarter. Essential Partners LLC now owns 43,346 shares of the auto manufacturer’s stock valued at $3,229,000 after acquiring an additional 441 shares during the last quarter. Groupe la Francaise boosted its holdings in shares of General Motors by 20.4% in the 1st quarter. Groupe la Francaise now owns 334,381 shares of the auto manufacturer’s stock valued at $24,822,000 after acquiring an additional 56,758 shares during the last quarter. Western Wealth Management LLC boosted its holdings in shares of General Motors by 8.1% in the 1st quarter. Western Wealth Management LLC now owns 2,856 shares of the auto manufacturer’s stock valued at $213,000 after acquiring an additional 213 shares during the last quarter. Finally, Ariadne Wealth Management LP boosted its holdings in shares of General Motors by 7.9% in the 1st quarter. Ariadne Wealth Management LP now owns 11,861 shares of the auto manufacturer’s stock valued at $884,000 after acquiring an additional 870 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Company Profile

(Get 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.

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