Mary Barra Sells 103,057 Shares of General Motors (NYSE:GM) Stock

General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) CEO Mary Barra sold 103,057 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $82.32, for a total transaction of $8,483,652.24. Following the transaction, the chief executive officer owned 667,434 shares in the company, valued at $54,943,166.88. This represents a 13.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

General Motors Price Performance

NYSE GM opened at $83.39 on Friday. General Motors Company has a 12 month low of $46.81 and a 12 month high of $87.62. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99. The firm has a market capitalization of $75.19 billion, a PE ratio of 33.63, a P/E/G ratio of 0.42 and a beta of 1.29. The company’s 50 day simple moving average is $76.93 and its 200 day simple moving average is $78.07.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The business had revenue of $43.62 billion for the quarter, compared to analyst estimates of $43.51 billion. During the same quarter last year, the business earned $2.78 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, equities research analysts forecast that General Motors Company will post 12.85 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors 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%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GM shares. Wolfe Research upgraded shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price objective on the stock in a research note on Wednesday, March 25th. Evercore restated an “outperform” rating and issued a $100.00 price target on shares of General Motors in a research report on Monday, May 4th. Piper Sandler restated an “overweight” rating and issued a $102.00 price target on shares of General Motors in a research report on Wednesday, April 29th. Mizuho decreased their price target on shares of General Motors from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Finally, Wall Street Zen upgraded shares of General Motors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.65.

Get Our Latest Stock Analysis on General Motors

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Tsfg LLC boosted 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 worth $182,000 after purchasing an additional 120 shares during the period. Bogart Wealth LLC boosted its stake in shares of General Motors by 15.6% during the 4th quarter. Bogart Wealth LLC now owns 905 shares of the auto manufacturer’s stock valued at $74,000 after buying an additional 122 shares during the period. Sumitomo Life Insurance Co. boosted its stake in shares of General Motors by 0.7% during the 4th quarter. Sumitomo Life Insurance Co. now owns 19,477 shares of the auto manufacturer’s stock valued at $1,584,000 after buying an additional 127 shares during the period. PDS Planning Inc boosted its stake in shares of General Motors by 3.4% during the 4th quarter. PDS Planning Inc now owns 3,996 shares of the auto manufacturer’s stock valued at $325,000 after buying an additional 131 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of General Motors by 2.0% during the 4th quarter. UMB Bank n.a. now owns 6,887 shares of the auto manufacturer’s stock valued at $560,000 after buying an additional 136 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Key Headlines Impacting General Motors

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

General Motors Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for General Motors (NYSE:GM)

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