General Motors (NYSE:GM) CEO Sells $8,483,652.24 in Stock

General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) CEO Mary Barra sold 103,057 shares of General Motors stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $82.32, for a total transaction of $8,483,652.24. Following the completion of the sale, the chief executive officer owned 667,434 shares of the company’s stock, valued at $54,943,166.88. This represents a 13.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

General Motors Stock Performance

NYSE:GM opened at $83.39 on Friday. The company has a fifty day moving average of $76.93 and a 200-day moving average of $78.07. The firm has a market capitalization of $75.19 billion, a P/E ratio of 33.63, a P/E/G ratio of 0.42 and a beta of 1.29. 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 twelve month low of $46.81 and a twelve month high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, beating the consensus estimate of $2.61 by $1.09. The company 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 for the quarter was down .9% compared to the same quarter last year. 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 anticipate that General Motors Company will post 12.85 EPS for the current year.

General Motors Dividend Announcement

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

Key Stories Impacting General Motors

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

Analyst Upgrades and Downgrades

GM has been the subject of several research reports. TD Cowen lifted their price target on shares of General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Evercore reissued an “outperform” rating and issued a $100.00 price target on shares of General Motors in a research report on Monday, May 4th. The Goldman Sachs Group reduced their price target on shares of General Motors from $104.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Jefferies Financial Group lifted their price target on shares of General Motors from $85.00 to $97.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Finally, Piper Sandler reissued an “overweight” rating and issued a $102.00 price target on shares of General Motors in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, General Motors currently has an average rating of “Moderate Buy” and an average price target of $94.65.

Check Out Our Latest Stock Analysis on General Motors

Hedge Funds Weigh In On General Motors

A number of hedge funds have recently bought and sold shares of the company. M&T Bank Corp boosted its holdings in shares of General Motors by 82.0% in the 4th quarter. M&T Bank Corp now owns 72,062 shares of the auto manufacturer’s stock worth $5,860,000 after buying an additional 32,474 shares during the last quarter. Legacy Capital Group California Inc. boosted its holdings in shares of General Motors by 206.4% in the 4th quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer’s stock worth $1,708,000 after buying an additional 14,150 shares during the last quarter. Perbak Capital Partners LLP boosted its holdings in shares of General Motors by 94.1% in the 3rd quarter. Perbak Capital Partners LLP now owns 47,086 shares of the auto manufacturer’s stock worth $2,871,000 after buying an additional 22,829 shares during the last quarter. Fieldview Capital Management LLC boosted its holdings in shares of General Motors by 99.0% in the 3rd quarter. Fieldview Capital Management LLC now owns 28,237 shares of the auto manufacturer’s stock worth $1,722,000 after buying an additional 14,048 shares during the last quarter. Finally, Tredje AP fonden boosted its holdings in shares of General Motors by 51.5% in the 4th quarter. Tredje AP fonden now owns 515,324 shares of the auto manufacturer’s stock worth $41,906,000 after buying an additional 175,206 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.

Further Reading

Insider Buying and Selling by Quarter for General Motors (NYSE:GM)

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