Insider Selling: General Motors (NYSE:GM) CEO Sells $1,749,470.00 in Stock

General Motors Company (NYSE:GM) (TSE:GMM.U) CEO Mary Barra sold 20,582 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $85.00, for a total transaction of $1,749,470.00. Following the completion of the sale, the chief executive officer owned 592,242 shares of the company’s stock, valued at approximately $50,340,570. This represents a 3.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

General Motors Trading Up 0.7%

NYSE:GM opened at $81.44 on Friday. General Motors Company has a one year low of $47.63 and a one year high of $87.62. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 1.15. The firm has a market cap of $73.43 billion, a P/E ratio of 32.84, a P/E/G ratio of 0.41 and a beta of 1.30. The firm has a 50-day simple moving average of $78.43 and a 200-day simple moving average of $78.92.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, beating the consensus estimate of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The business had revenue of $43.62 billion during the quarter, compared to analyst estimates of $43.51 billion. During the same quarter in the previous year, the business posted $2.78 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. 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 fiscal year.

General Motors Dividend Announcement

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

Key Stories Impacting General Motors

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

• Positive Sentiment: GM’s Redwood Materials partnership and broader battery-lifecycle strategy may create new revenue opportunities and strengthen its EV ecosystem.
• Positive Sentiment: Analysts highlighted GM’s energy-storage business as overlooked, and recent earnings estimate increases suggest improving profit expectations.
• Neutral Sentiment: CEO Mary Barra sold shares under a pre-arranged trading plan, which is routine but can still make some investors cautious. SEC filing
• Negative Sentiment: GM continues to face negative headlines around dealer disputes, political scrutiny over repair-rights issues, and criticism of its truck lineup, which could weigh on sentiment.

Analysts Set New Price Targets

Several research analysts recently commented on GM shares. Citigroup boosted their price objective on shares of General Motors from $108.00 to $131.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Wall Street Zen upgraded shares of General Motors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Barclays reduced their price objective on shares of General Motors from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, March 30th. TD Cowen boosted their price objective on shares of General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Evercore reiterated an “outperform” rating and set a $100.00 price objective on shares of General Motors in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.65.

Institutional Trading of General Motors

Several large investors have recently made changes to their positions in GM. Norges Bank purchased a new stake in shares of General Motors in the 4th quarter valued at $918,724,000. Viking Global Investors LP boosted its holdings in General Motors by 81.1% during the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after buying an additional 5,830,050 shares in the last quarter. Life Cycle Investment Partners Ltd purchased a new stake in General Motors during the fourth quarter worth $309,380,000. Two Sigma Investments LP lifted its holdings in General Motors by 348.4% during the third quarter. Two Sigma Investments LP now owns 3,549,170 shares of the auto manufacturer’s stock valued at $216,393,000 after purchasing an additional 2,757,695 shares in the last quarter. Finally, SEB Asset Management AB purchased a new position in General Motors during the first quarter valued at $171,892,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

About General Motors

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.