General Motors (NYSE:GM) CEO Mary Barra Sells 99,239 Shares

General Motors Company (NYSE:GM) (TSE:GMM.U) CEO Mary Barra sold 99,239 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $85.10, for a total value of $8,445,238.90. Following the transaction, the chief executive officer owned 592,242 shares in the company, valued at approximately $50,399,794.20. The trade was a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

General Motors Stock Down 0.2%

Shares of NYSE GM opened at $79.45 on Friday. The firm’s fifty day moving average is $79.11 and its 200 day moving average is $79.21. General Motors Company has a 52 week low of $47.63 and a 52 week high of $87.62. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. The company has a market cap of $71.64 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 0.40 and a beta of 1.30.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. The firm had revenue of $43.62 billion for the quarter, compared to analysts’ expectations of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, equities research analysts expect that General Motors Company will post 12.85 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. General Motors’s dividend payout ratio is presently 29.03%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays reduced their target price on General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and raised their price target for the stock from $83.00 to $90.00 in a research note on Tuesday, April 14th. Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of General Motors in a research report on Monday, May 11th. Citigroup upped their price objective on shares of General Motors from $108.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Finally, Wolfe Research raised shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 target price for the company in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.65.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in shares of General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock worth $2,062,000 after purchasing an additional 31,755 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of General Motors by 61.4% during the second quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock valued at $913,000 after buying an additional 7,058 shares during the last quarter. Baird Financial Group Inc. increased its holdings in General Motors by 4.8% in the 2nd quarter. Baird Financial Group Inc. now owns 37,524 shares of the auto manufacturer’s stock worth $1,847,000 after buying an additional 1,706 shares in the last quarter. Jump Financial LLC raised its position in General Motors by 45.7% in the 2nd quarter. Jump Financial LLC now owns 25,366 shares of the auto manufacturer’s stock worth $1,248,000 after buying an additional 7,951 shares during the last quarter. Finally, AXA S.A. lifted its stake in General Motors by 69.4% during the 2nd quarter. AXA S.A. now owns 66,547 shares of the auto manufacturer’s stock valued at $3,275,000 after acquiring an additional 27,270 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

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.