General Motors (NYSE:GM) EVP Sells $6,599,591.88 in Stock

General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) EVP Rory Harvey sold 79,494 shares of General Motors stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $83.02, for a total value of $6,599,591.88. Following the completion of the sale, the executive vice president owned 46,519 shares in the company, valued at $3,862,007.38. This represents a 63.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rory Harvey also recently made the following trade(s):

  • On Friday, May 22nd, Rory Harvey sold 5,652 shares of General Motors stock. The shares were sold at an average price of $79.57, for a total value of $449,729.64.

General Motors Price Performance

NYSE:GM opened at $83.39 on Friday. General Motors Company has a 52 week low of $46.81 and a 52 week high of $87.62. 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 company 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 stock’s fifty day moving average is $76.93 and its two-hundred day moving average is $78.07.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. The company had revenue of $43.62 billion for 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 company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Equities analysts expect that General Motors Company will post 12.85 EPS for the current year.

General Motors Dividend Announcement

The business also recently announced 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 yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. General Motors’s payout ratio is presently 29.03%.

General Motors News Roundup

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

Analysts Set New Price Targets

GM has been the subject of several analyst reports. Piper Sandler reissued an “overweight” rating and set a $102.00 target price on shares of General Motors in a research note on Wednesday, April 29th. Barclays cut their target price on General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, March 30th. Wolfe Research upgraded General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 target price for the company in a research note on Wednesday, March 25th. Jefferies Financial Group boosted their target price on General Motors from $85.00 to $97.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. 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 note on Tuesday, April 14th. One equities research 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 issued a Sell rating to the stock. According to MarketBeat.com, General Motors currently has an average rating of “Moderate Buy” and a consensus price target of $94.65.

Read Our Latest Analysis on GM

Institutional Trading of General Motors

Large investors have recently made changes to their positions in the company. Groupama Asset Managment raised its stake in General Motors by 22.5% during 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 raised its stake in General Motors by 1.0% during 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 raised its stake in General Motors by 20.4% during 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 raised its stake in General Motors by 8.1% during 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 raised its stake in General Motors by 7.9% during 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 institutional investors and hedge funds.

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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