General Motors Company (NYSE:GM – Get Free Report) (TSE:GMM.U) EVP Rory Harvey sold 16,513 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $89.64, for a total value of $1,480,225.32. Following the completion of the sale, the executive vice president directly owned 12,000 shares of the company’s stock, valued at $1,075,680. The trade was a 57.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
General Motors Trading Down 3.5%
Shares of General Motors stock traded down $3.09 on Friday, reaching $86.24. The company had a trading volume of 9,030,016 shares, compared to its average volume of 7,707,486. The firm has a market cap of $72.75 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 0.52 and a beta of 1.40. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.09 and a quick ratio of 0.94. The firm’s 50-day moving average price is $83.34 and its two-hundred day moving average price is $80.79. General Motors Company has a 1 year low of $67.06 and a 1 year high of $93.70.
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.01. The company had revenue of $50.02 billion for the quarter, compared to analyst estimates of $48.78 billion. General Motors had a return on equity of 19.36% and a net margin of 2.12%. General Motors’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.80 EPS. As a group, research analysts predict that General Motors Company will post 13.37 earnings per share for the current fiscal year.
General Motors Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Friday, December 4th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. General Motors’s payout ratio is currently 16.51%.
General Motors declared that its board has approved a share repurchase program on Tuesday, October 20th that permits the company to repurchase $20 billion in shares. This buyback authorization permits the auto manufacturer to reacquire up to 27.5% of its stock through open market purchases. Share buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
Wall Street Analyst Weigh In
Several analysts have issued reports on GM shares. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on shares of General Motors in a research note on Wednesday, October 21st. Tigress Financial upped their target price on General Motors from $130.00 to $132.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 28th. Truist Financial set a $105.00 price target on General Motors in a report on Wednesday, October 7th. TD Cowen reissued a “buy” rating and set a $132.00 price target on shares of General Motors in a research note on Wednesday, October 21st. Finally, BNP Paribas Exane raised their price target on General Motors from $102.00 to $112.00 and gave the stock an “outperform” rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.44.
Get Our Latest Stock Analysis on GM
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of General Motors in the second quarter valued at about $5,958,995,000. Bank of America Corp DE acquired a new position in shares of General Motors during the 2nd quarter worth about $629,465,000. Legal & General Group Plc acquired a new position in shares of General Motors during the 2nd quarter worth about $599,066,000. Bank of New York Mellon Corp acquired a new position in shares of General Motors during the 2nd quarter worth about $522,916,000. Finally, Deutsche Bank AG purchased a new position in General Motors in the 2nd quarter valued at about $383,939,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.
Key General Motors News
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: Analyst estimates from Zacks Research point to higher future earnings, including an increase in its FY2028 EPS forecast to $15.10 from $12.70. Zacks Research Forecasts General Motors Q4 Earnings
- Positive Sentiment: GM’s 38% stake in Nevada’s Thacker Pass lithium project could help secure domestic battery materials for its longer-term EV plans. General Motors Takes 38% Of Thacker Pass In U.S. Lithium Push
- Neutral Sentiment: GM reportedly canceled a planned electric Corvette SUV. The move could limit a future EV opportunity, though it may also reflect a shift in product priorities and investment plans. GM Axes Planned Electric Corvette SUV, Report Claims
- Neutral Sentiment: GM reportedly wants to develop the next Chevrolet Silverado in just two years. Faster development could improve its ability to refresh a key model, but execution and product quality will matter. GM Wants the Next Chevy Silverado Developed in Just Two Years
- Negative Sentiment: GM is recalling about 67,000 EVs after a software problem was linked to a possible loss of braking. The recall raises safety, repair-cost and reputational concerns, although reports say an over-the-air fix is available. GM Recalls 67,000 EVs After a Cadillac LYRIQ Braking Failure
- Negative Sentiment: Industry reports warn that higher commodity, logistics and memory costs could squeeze automakers in 2027 as it becomes harder to pass increases on to customers—an added margin risk for GM. Legacy Automakers Face a Tougher 2027 as Costs Rise
General Motors Company Profile
General Motors Company designs, manufactures and sells cars, trucks, crossovers and sport utility vehicles. Its vehicle brands include Chevrolet, Buick, GMC and Cadillac, and its offerings also include vehicle parts, software and related services. GM Financial provides automotive financing and leasing products to customers and dealers.
Founded in 1908, General Motors is headquartered in Detroit, Michigan. The company serves customers in North America and international markets, with operations and sales spanning multiple regions.
Mary Barra has served as GM’s chief executive officer since 2014.
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