General Motors (NYSE:GM) CEO Mary Barra Sells 134,954 Shares

General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) CEO Mary Barra sold 134,954 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $85.03, for a total value of $11,475,138.62. Following the sale, the chief executive officer directly owned 592,242 shares of the company’s stock, valued at approximately $50,358,337.26. This trade represents a 18.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

General Motors Trading Up 0.3%

GM stock traded up $0.26 during midday trading on Thursday, hitting $84.38. 7,657,692 shares of the company’s stock were exchanged, compared to its average volume of 7,792,805. The business has a 50-day simple moving average of $76.53 and a two-hundred day simple moving average of $77.93. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $76.08 billion, a PE ratio of 34.03, a P/E/G ratio of 0.40 and a beta of 1.29. General Motors Company has a 1-year low of $46.81 and a 1-year high of $87.62.

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

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend 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%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GM. Laurel Wealth Advisors LLC acquired a new position in General Motors during the 4th quarter worth $25,000. Evergreen Advisors LLC acquired a new position in General Motors during the 1st quarter worth $26,000. Elevation Wealth Partners LLC grew its stake in General Motors by 500.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 275 shares in the last quarter. SouthState Bank Corp increased its position in shares of General Motors by 101.7% in the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 177 shares during the last quarter. Finally, Kelleher Financial Advisors acquired a new stake in shares of General Motors in the 3rd quarter valued at $29,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GM. Jefferies Financial Group lifted their price objective on General Motors from $85.00 to $97.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. Mizuho dropped their price objective on General Motors from $105.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Benchmark lifted their price objective on General Motors from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Citigroup lifted their price objective on General Motors from $105.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, TD Cowen lifted their price objective on General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One research 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 given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.65.

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General Motors Company Profile

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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.

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