Rory Harvey Sells 9,124 Shares of General Motors (NYSE:GM) Stock

General Motors Company (NYSE:GM) (TSE:GMM.U) EVP Rory Harvey sold 9,124 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $84.97, for a total transaction of $775,266.28. Following the completion of the sale, the executive vice president owned 37,395 shares of the company’s stock, valued at approximately $3,177,453.15. This trade represents a 19.61% decrease in their position. 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.

Rory Harvey also recently made the following trade(s):

• On Wednesday, May 27th, Rory Harvey sold 79,494 shares of General Motors stock. The stock was sold at an average price of $83.02, for a total transaction of $6,599,591.88.
• On Friday, May 22nd, Rory Harvey sold 5,652 shares of General Motors stock. The stock was sold at an average price of $79.57, for a total transaction of $449,729.64.

General Motors Stock Down 1.0%

Shares of General Motors stock opened at $81.87 on Wednesday. The company has a market cap of $73.82 billion, a P/E ratio of 33.01, a PEG ratio of 0.42 and a beta of 1.30. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 1.15. General Motors Company has a one year low of $46.81 and a one year high of $87.62. The firm has a fifty day moving average of $77.11 and a two-hundred day moving average of $78.20.

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

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be given a dividend of $0.18 per share. The ex-dividend date is 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%.

Analysts Set New Price Targets

A number of equities analysts have commented on GM shares. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and upped their price objective for the stock from $83.00 to $90.00 in a research report on Tuesday, April 14th. Wedbush restated an “outperform” rating and set a $95.00 price objective on shares of General Motors in a research report on Monday, May 11th. Mizuho cut their price objective on shares of General Motors from $105.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Barclays lowered their price target on shares of General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $102.00 price target on shares of General Motors in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.65.

Institutional Investors Weigh In On General Motors

A number of large investors have recently added to or reduced their stakes in the business. Tsfg LLC grew its stake in General Motors by 5.7% in the 4th quarter. Tsfg LLC now owns 2,241 shares of the auto manufacturer’s stock valued at $182,000 after acquiring an additional 120 shares during the last quarter. Bogart Wealth LLC grew its stake in General Motors by 15.6% in the 4th quarter. Bogart Wealth LLC now owns 905 shares of the auto manufacturer’s stock valued at $74,000 after acquiring an additional 122 shares during the last quarter. Sumitomo Life Insurance Co. grew its stake in General Motors by 0.7% in the 4th quarter. Sumitomo Life Insurance Co. now owns 19,477 shares of the auto manufacturer’s stock valued at $1,584,000 after acquiring an additional 127 shares during the last quarter. PDS Planning Inc grew its stake in General Motors by 3.4% in the 4th quarter. PDS Planning Inc now owns 3,996 shares of the auto manufacturer’s stock valued at $325,000 after acquiring an additional 131 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in General Motors by 2.0% in the 4th quarter. UMB Bank n.a. now owns 6,887 shares of the auto manufacturer’s stock valued at $560,000 after acquiring an additional 136 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about General Motors

Here are the key news stories impacting General Motors this week:

• Negative Sentiment: A strike at a key GM supplier is threatening truck production, raising the risk of lost output for some of GM’s most profitable models. UAW calls for a midnight strike at GM pickup truck axle supplier
• Negative Sentiment: Reuters and CNBC reported that nearly 1,000 workers have gone on strike at the supplier plant, reinforcing worries about supply-chain disruption for GM trucks. UAW union strike threatens General Motors truck production
• Negative Sentiment: GM also disclosed insider selling by CEO Mary T. Barra, CAO Christopher Hatto, and EVP Rory Harvey, which can add to investor caution even though the trades were pre-arranged under 10b5-1 plans. Mary T. Barra insider trade

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.