General Motors (NYSE:GM) CEO Sells $17,233,433.91 in Stock

General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) CEO Mary Barra sold 215,391 shares of General Motors stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $80.01, for a total transaction of $17,233,433.91. Following the completion of the transaction, the chief executive officer directly owned 770,491 shares in the company, valued at approximately $61,646,984.91. The trade was a 21.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

General Motors Stock Up 0.3%

GM traded up $0.26 during trading on Thursday, reaching $84.38. The company had a trading volume of 7,657,692 shares, compared to its average volume of 7,792,805. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99. General Motors Company has a 12 month low of $46.81 and a 12 month high of $87.62. The business’s fifty day moving average price is $76.53 and its 200 day moving average price is $77.93. The company has a market cap of $76.08 billion, a P/E ratio of 34.03, a PEG ratio of 0.40 and a beta of 1.29.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share 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 firm had revenue of $43.62 billion for the quarter, compared to analyst estimates of $43.51 billion. During the same quarter in the previous year, the firm posted $2.78 earnings per share. The business’s revenue was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Equities analysts anticipate that General Motors Company will post 12.85 EPS for the current year.

General Motors Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have weighed in on GM. Morgan Stanley reaffirmed an “overweight” rating and issued a $100.00 price target on shares of General Motors in a research note on Wednesday, January 28th. Citigroup lifted their price target on shares of General Motors from $105.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $102.00 price target on shares of General Motors in a research note on Wednesday, April 29th. Evercore reiterated an “outperform” rating and issued a $100.00 price objective on shares of General Motors in a report on Monday, May 4th. Finally, Mizuho lowered their price objective on shares of General Motors from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $94.65.

Read Our Latest Research Report on GM

Institutional Trading of General Motors

A number of hedge funds and other institutional investors have recently made changes to their positions in GM. Laurel Wealth Advisors LLC acquired a new stake in shares of General Motors in the fourth quarter valued at approximately $25,000. Evergreen Advisors LLC acquired a new stake in shares of General Motors in the first quarter valued at approximately $26,000. Elevation Wealth Partners LLC raised its holdings in shares of General Motors by 500.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 275 shares during the last quarter. SouthState Bank Corp raised its holdings in shares of General Motors by 101.7% in the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 177 shares during the last quarter. Finally, Kelleher Financial Advisors acquired a new stake in shares of General Motors in the third quarter valued at approximately $29,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Key General Motors News

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

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.

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