General Motors (NYSE:GM) CAO Sells $1,098,790.00 in Stock

General Motors Company (NYSE:GM) (TSE:GMM.U) CAO Christopher Hatto sold 15,697 shares of General Motors stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,098,790.00. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $840,490. This represents a 56.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Christopher Hatto also recently made the following trade(s):

• On Friday, September 26th, Christopher Hatto sold 23,400 shares of General Motors stock. The stock was sold at an average price of $61.01, for a total transaction of $1,427,634.00.
• On Wednesday, August 27th, Christopher Hatto sold 14,667 shares of General Motors stock. The stock was sold at an average price of $59.00, for a total transaction of $865,353.00.
• On Wednesday, August 13th, Christopher Hatto sold 36,804 shares of General Motors stock. The stock was sold at an average price of $55.10, for a total transaction of $2,027,900.40.

General Motors Stock Performance

Shares of GM stock opened at $68.99 on Friday. The firm has a market cap of $64.36 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 0.96 and a beta of 1.33. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. General Motors Company has a 52 week low of $41.60 and a 52 week high of $70.24. The firm’s 50-day simple moving average is $60.30 and its two-hundred day simple moving average is $53.78.

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

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, December 5th will be paid a $0.15 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.9%. General Motors’s dividend payout ratio (DPR) is presently 12.07%.

Institutional Trading of General Motors

Hedge funds and other institutional investors have recently bought and sold shares of the company. Trust Co. of Toledo NA OH purchased a new position in General Motors in the 2nd quarter worth approximately $25,000. GFG Capital LLC purchased a new position in General Motors in the 2nd quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. purchased a new position in General Motors in the 3rd quarter worth approximately $29,000. Costello Asset Management INC purchased a new position in General Motors in the 1st quarter worth approximately $32,000. Finally, RMG Wealth Management LLC purchased a new position in General Motors in the 2nd quarter worth approximately $32,000. Institutional investors own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GM. Royal Bank Of Canada lifted their target price on shares of General Motors from $77.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Industrial Alliance Securities set a $70.00 target price on shares of General Motors in a research note on Friday, July 11th. Evercore ISI lifted their target price on shares of General Motors from $55.00 to $68.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. Wedbush set a $75.00 target price on shares of General Motors and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Finally, Citigroup lifted their target price on shares of General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, General Motors has an average rating of “Moderate Buy” and an average target price 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.