Christopher Hatto Sells 6,895 Shares of General Motors (NYSE:GM) Stock

General Motors Company (NYSE:GM) (TSE:GMM.U) CAO Christopher Hatto sold 6,895 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $85.00, for a total transaction of $586,075.00. Following the transaction, the chief accounting officer owned 25,794 shares in the company, valued at $2,192,490. This represents a 21.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

General Motors Price Performance

NYSE GM opened at $81.87 on Wednesday. General Motors Company has a 12 month low of $46.81 and a 12 month high of $87.62. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99. The firm has a market capitalization of $73.82 billion, a PE ratio of 33.01, a P/E/G ratio of 0.42 and a beta of 1.30. The company’s 50 day simple moving average is $77.11 and its 200 day simple moving average is $78.20.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS 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 business had revenue of $43.62 billion for the quarter, compared to analyst estimates of $43.51 billion. During the same quarter last year, the business earned $2.78 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, equities research analysts forecast that General Motors Company will post 12.85 EPS for the current fiscal year.

General Motors Dividend Announcement

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

Hedge Funds Weigh In On General Motors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caerus Investment Advisors LLC boosted its stake in General Motors by 12.0% in the 1st quarter. Caerus Investment Advisors LLC now owns 13,558 shares of the auto manufacturer’s stock worth $1,010,000 after purchasing an additional 1,448 shares during the period. Groupama Asset Managment boosted its stake in General Motors by 22.5% in the 1st quarter. Groupama Asset Managment now owns 9,548 shares of the auto manufacturer’s stock worth $711,000 after purchasing an additional 1,755 shares during the period. Essential Partners LLC boosted its stake in General Motors by 1.0% in the 1st quarter. Essential Partners LLC now owns 43,346 shares of the auto manufacturer’s stock worth $3,229,000 after purchasing an additional 441 shares during the period. Groupe la Francaise boosted its stake in General Motors by 20.4% in the 1st quarter. Groupe la Francaise now owns 334,381 shares of the auto manufacturer’s stock worth $24,822,000 after purchasing an additional 56,758 shares during the period. Finally, Western Wealth Management LLC boosted its stake in General Motors by 8.1% in the 1st quarter. Western Wealth Management LLC now owns 2,856 shares of the auto manufacturer’s stock worth $213,000 after purchasing an additional 213 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors News Roundup

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

• Negative Sentiment: A strike at a key GM supplier is threatening truck production, raising the risk of lost output for some of GM’s most profitable models. UAW calls for a midnight strike at GM pickup truck axle supplier
• Negative Sentiment: Reuters and CNBC reported that nearly 1,000 workers have gone on strike at the supplier plant, reinforcing worries about supply-chain disruption for GM trucks. UAW union strike threatens General Motors truck production
• Negative Sentiment: GM also disclosed insider selling by CEO Mary T. Barra, CAO Christopher Hatto, and EVP Rory Harvey, which can add to investor caution even though the trades were pre-arranged under 10b5-1 plans. Mary T. Barra insider trade

Wall Street Analyst Weigh In

GM has been the subject of a number of research reports. Barclays reduced their target price on shares of General Motors from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, March 30th. Piper Sandler restated an “overweight” rating and set a $102.00 target price on shares of General Motors in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and raised their target price for the stock from $83.00 to $90.00 in a report on Tuesday, April 14th. Citigroup raised 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. Finally, Benchmark raised their target price on shares of General Motors from $65.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.65.

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.