General Motors (NYSE:GM) CEO Mary Barra Sells 23,818 Shares of Stock

General Motors Company (NYSE:GM) (TSE:GMM.U) CEO Mary Barra sold 23,818 shares of General Motors stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $59.90, for a total value of $1,426,698.20. Following the transaction, the chief executive officer owned 633,527 shares in the company, valued at $37,948,267.30. This trade represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

General Motors Stock Performance

Shares of GM opened at $60.56 on Friday. The business has a 50-day simple moving average of $56.22 and a two-hundred day simple moving average of $51.03. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. General Motors Company has a 52 week low of $41.60 and a 52 week high of $61.24. The stock has a market cap of $57.66 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 1.26 and a beta of 1.32.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.01. The company had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The firm’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, September 5th. General Motors’s dividend payout ratio (DPR) is presently 9.52%.

Institutional Trading of General Motors

A number of large investors have recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH purchased a new position in shares of General Motors in the second quarter valued at $25,000. GFG Capital LLC purchased a new position in shares of General Motors in the 2nd quarter worth $27,000. RMG Wealth Management LLC purchased a new position in shares of General Motors in the 2nd quarter worth $32,000. Costello Asset Management INC bought a new stake in shares of General Motors in the 1st quarter worth about $32,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of General Motors in the 2nd quarter valued at about $38,000. Institutional investors own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GM. Citigroup upped their target price on shares of General Motors from $61.00 to $75.00 and gave the stock a “buy” rating in a report on Monday. Wedbush upped their price objective on General Motors from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Industrial Alliance Securities set a $70.00 target price on General Motors in a research note on Friday, July 11th. Bank of America dropped their price target on General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of General Motors from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.53.

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.