General Motors (NYSE:GM) President Sells $8,185,999.32 in Stock

General Motors Company (NYSE:GM) (TSE:GMM.U) President Mark Reuss sold 136,161 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $60.12, for a total transaction of $8,185,999.32. Following the transaction, the president owned 131,036 shares of the company’s stock, valued at approximately $7,877,884.32. The trade was a 50.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

General Motors Price Performance

GM opened at $61.24 on Friday. The firm has a market cap of $58.31 billion, a P/E ratio of 9.72, a PEG ratio of 1.29 and a beta of 1.32. The firm has a 50-day moving average of $56.38 and a 200 day moving average of $51.14. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $61.98.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.01. The company had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, research analysts expect 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 was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, September 5th. General Motors’s dividend payout ratio (DPR) is currently 9.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of General Motors in a report on Friday, July 11th. Mizuho increased their price target on shares of General Motors from $58.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Bank of America lowered their price target on shares of General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Barclays raised shares of General Motors from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $55.00 to $73.00 in a report on Friday, September 12th. Finally, Benchmark started coverage on shares of General Motors in a report on Monday, July 21st. They issued a “buy” rating and a $65.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.53.

Institutional Investors Weigh In On General Motors

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in shares of General Motors by 456.1% during the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock worth $2,062,000 after acquiring an additional 31,755 shares in the last quarter. Centaurus Financial Inc. raised its stake in shares of General Motors by 13.9% during the fourth quarter. Centaurus Financial Inc. now owns 14,451 shares of the auto manufacturer’s stock worth $770,000 after acquiring an additional 1,769 shares in the last quarter. NorthCrest Asset Manangement LLC purchased a new position in shares of General Motors during the fourth quarter worth approximately $233,000. Wellington Management Group LLP raised its stake in shares of General Motors by 0.6% during the fourth quarter. Wellington Management Group LLP now owns 1,195,961 shares of the auto manufacturer’s stock worth $63,709,000 after acquiring an additional 7,081 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of General Motors by 120.7% during the first quarter. Versant Capital Management Inc now owns 3,235 shares of the auto manufacturer’s stock worth $152,000 after acquiring an additional 1,769 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Company Profile

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.