Insider Selling: General Motors (NYSE:GM) President Sells $17,316,870.00 in Stock

General Motors Company (NYSE:GM) (TSE:GMM.U) President Mark Reuss sold 260,600 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the sale, the president owned 98,006 shares in the company, valued at $6,512,498.70. This represents a 72.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

General Motors Stock Performance

NYSE GM opened at $69.60 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. The firm has a market capitalization of $64.92 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 0.96 and a beta of 1.33. The company’s fifty day moving average is $59.08 and its two-hundred day moving average is $52.91. General Motors Company has a 52-week low of $41.60 and a 52-week high of $69.70.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.48. The company 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 business’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the business posted $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities research analysts forecast that General Motors Company will post 11.44 EPS 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 given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, December 5th. General Motors’s payout ratio is 12.07%.

Hedge Funds Weigh In On General Motors

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in General Motors by 11.5% during the 2nd quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock valued at $5,450,485,000 after purchasing an additional 11,418,367 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of General Motors by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer’s stock worth $676,322,000 after acquiring an additional 316,196 shares during the last quarter. Invesco Ltd. raised its stake in shares of General Motors by 4.5% in the first quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer’s stock worth $646,482,000 after acquiring an additional 594,217 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of General Motors by 146.8% in the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock worth $629,196,000 after acquiring an additional 8,012,743 shares during the last quarter. Finally, Viking Global Investors LP raised its stake in shares of General Motors by 81.1% in the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after acquiring an additional 5,830,050 shares during the last quarter. 92.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on GM. Cowen reiterated a “buy” rating on shares of General Motors in a research report on Tuesday, October 21st. Industrial Alliance Securities set a $70.00 target price on shares of General Motors in a research report on Friday, July 11th. Mizuho set a $76.00 target price on shares of General Motors in a research report on Wednesday. UBS Group lifted their target price on shares of General Motors from $81.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, TD Cowen lifted their target price on shares of General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

About General Motors

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.