General Motors (NYSE:GM) CEO Sells $8,445,238.90 in Stock

General Motors Company (NYSE:GM) (TSE:GMM.U) CEO Mary Barra sold 99,239 shares of General Motors stock in a transaction dated 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 of the company’s stock, valued at $50,399,794.20. The trade was a 14.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

General Motors Stock Performance

NYSE:GM traded down $0.13 on Thursday, hitting $79.45. The company’s stock had a trading volume of 18,824,417 shares, compared to its average volume of 8,025,157. General Motors Company has a one year low of $47.63 and a one year high of $87.62. The firm has a market capitalization of $71.64 billion, a P/E ratio of 32.04, a price-to-earnings-growth ratio of 0.42 and a beta of 1.30. The stock has a fifty day moving average of $78.98 and a two-hundred day moving average of $79.17. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41.

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

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, June 5th. General Motors’s dividend payout ratio (DPR) is currently 29.03%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $102.00 target price on shares of General Motors in a research report on Wednesday, April 29th. Weiss Ratings reissued a “hold (c)” rating on shares of General Motors in a report on Tuesday, April 21st. Barclays decreased their price objective on General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, March 30th. The Goldman Sachs Group lowered their price objective on General Motors from $104.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Wolfe Research raised General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 target price for the company in a report on Wednesday, March 25th. One 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 issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.65.

Hedge Funds Weigh In On General Motors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GM. Laurel Wealth Advisors LLC bought a new position in shares of General Motors in the fourth quarter worth $25,000. Elevation Wealth Partners LLC lifted its position in General Motors by 500.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 275 shares during the period. SouthState Bank Corp lifted its position in General Motors by 101.7% during the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock worth $29,000 after purchasing an additional 177 shares during the period. Evergreen Advisors LLC acquired a new stake in General Motors during the first quarter worth about $26,000. Finally, Kemnay Advisory Services Inc. bought a new position in General Motors in the 4th quarter valued at about $30,000. 92.67% of the stock is owned by institutional investors and hedge funds.

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.