General Motors (NYSE:GM) CEO Sells $1,955,000.00 in Stock

General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) CEO Mary Barra sold 23,000 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $85.00, for a total transaction of $1,955,000.00. Following the transaction, the chief executive officer directly owned 592,242 shares in the company, valued at approximately $50,340,570. This represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

General Motors Stock Up 1.9%

Shares of NYSE GM opened at $83.26 on Friday. The firm has a market cap of $75.08 billion, a PE ratio of 33.57, a P/E/G ratio of 0.41 and a beta of 1.30. General Motors Company has a 12-month low of $46.81 and a 12-month high of $87.62. The company’s fifty day simple moving average is $77.55 and its 200 day simple moving average is $78.43. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $1.09. The business had revenue of $43.62 billion for the quarter, compared to analyst estimates of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. General Motors’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, sell-side analysts forecast that General Motors Company will post 12.85 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. General Motors’s dividend payout ratio (DPR) is 29.03%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new position in General Motors in the 4th quarter valued at $25,000. Elevation Wealth Partners LLC grew its stake in General Motors by 500.0% in the 4th 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 period. SouthState Bank Corp grew its stake in General Motors by 101.7% in the 4th 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 period. Evergreen Advisors LLC bought a new position in General Motors in the 1st quarter valued at $26,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in General Motors during the fourth quarter worth about $30,000. 92.67% of the stock is owned by institutional investors.

Trending Headlines about General Motors

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Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GM shares. Piper Sandler reaffirmed an “overweight” rating and issued a $102.00 price objective on shares of General Motors in a research note on Wednesday, April 29th. Mizuho dropped their price objective on shares of General Motors from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Bank of America started coverage on shares of General Motors in a research note on Wednesday, March 4th. They issued a “buy” rating and a $105.00 price objective on the stock. Royal Bank Of Canada dropped their price objective on shares of General Motors from $96.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Finally, UBS Group raised their price objective on shares of General Motors from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.65.

Get Our Latest Analysis on GM

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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