General Motors (NYSE:GM) CEO Mary Barra Sells 753,720 Shares

General Motors Company (NYSE:GM) (TSE:GMM.U) CEO Mary Barra sold 753,720 shares of the business’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total value of $45,185,514.00. Following the completion of the transaction, the chief executive officer directly owned 433,527 shares of the company’s stock, valued at approximately $25,989,943.65. The trade was a 63.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

General Motors Stock Up 1.1%

General Motors stock opened at $60.56 on Friday. The business has a fifty day moving average price of $56.22 and a 200-day moving average price of $51.03. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. General Motors Company has a 1-year low of $41.60 and a 1-year high of $61.24. The stock has a market capitalization 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 issued its quarterly earnings results 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 business had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. General Motors’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities research analysts forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were paid a $0.15 dividend. 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 payout ratio is currently 9.52%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Benchmark started coverage on shares of General Motors in a research note on Monday, July 21st. They set a “buy” rating and a $65.00 target price on the stock. Mizuho lifted their target price on shares of General Motors from $58.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday. Wedbush lifted their price objective on shares of General Motors from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, August 19th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of General Motors in a research report on Friday, July 11th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of General Motors in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.53.

Institutional Investors Weigh In On General Motors

Several large investors have recently made changes to their positions in the business. Caldwell Trust Co purchased a new stake in General Motors during the 2nd quarter worth $202,000. Osaic Holdings Inc. raised its stake in General Motors by 25.5% during the second quarter. Osaic Holdings Inc. now owns 298,903 shares of the auto manufacturer’s stock worth $14,703,000 after acquiring an additional 60,709 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in shares of General Motors by 14.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 63,302 shares of the auto manufacturer’s stock worth $3,115,000 after purchasing an additional 7,843 shares during the last quarter. Marex Group plc acquired a new position in shares of General Motors during the second quarter valued at $216,000. Finally, MRP Capital Investments LLC grew its position in General Motors by 142.9% in the 2nd quarter. MRP Capital Investments LLC now owns 850 shares of the auto manufacturer’s stock worth $42,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

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.