General Motors (NYSE:GM) President Mark Reuss Sells 260,600 Shares

General Motors Company (NYSE:GM) (TSE:GMM.U) President Mark Reuss sold 260,600 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total value of $17,316,870.00. Following the completion of the sale, the president owned 98,006 shares in the company, valued at $6,512,498.70. This trade represents a 72.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

General Motors Trading Up 4.1%

NYSE GM opened at $69.60 on Friday. The business’s 50-day moving average price is $59.08 and its two-hundred day moving average price is $52.79. General Motors Company has a 12 month low of $41.60 and a 12 month high of $69.70. The firm has a market capitalization of $64.92 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.29 and a beta of 1.33. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The firm had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. During the same quarter in the previous year, the company posted $2.96 EPS. The business’s revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, December 5th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, December 5th. General Motors’s payout ratio is 12.07%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GM. Hemington Wealth Management raised its position in General Motors by 14.5% during the third quarter. Hemington Wealth Management now owns 1,219 shares of the auto manufacturer’s stock valued at $74,000 after purchasing an additional 154 shares in the last quarter. Sowell Financial Services LLC raised its position in General Motors by 2.9% during the second quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock valued at $336,000 after purchasing an additional 195 shares in the last quarter. Mayflower Financial Advisors LLC raised its position in General Motors by 4.1% during the second quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock valued at $254,000 after purchasing an additional 205 shares in the last quarter. Certuity LLC raised its position in General Motors by 3.6% during the second quarter. Certuity LLC now owns 6,043 shares of the auto manufacturer’s stock valued at $297,000 after purchasing an additional 209 shares in the last quarter. Finally, ICONIQ Capital LLC raised its position in General Motors by 4.2% during the first quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock valued at $256,000 after purchasing an additional 220 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GM. Wells Fargo & Company boosted their price objective on General Motors from $40.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday. CLSA raised General Motors to a “moderate buy” rating in a research note on Monday, July 7th. Tigress Financial boosted their price objective on General Motors from $88.00 to $92.00 and gave the company a “strong-buy” rating in a research note on Friday. Mizuho set a $76.00 price objective on General Motors in a research note on Wednesday. Finally, UBS Group boosted their price objective on General Motors from $81.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.