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

Posted by ABMN Staff on Jun 3rd, 2026

General Motors Company (NYSE:GM – Get Free Report) (TSE:GMM.U) EVP Rory Harvey sold 9,124 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president owned 37,395 shares in the company, valued at $3,177,453.15. The trade was a 19.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $449,729.64.

General Motors Stock Down 0.7%

Shares of NYSE:GM opened at $82.69 on Tuesday. The stock’s 50-day moving average is $77.11 and its 200 day moving average is $78.20. The company has a market cap of $74.55 billion, a PE ratio of 33.34, a P/E/G ratio of 0.42 and a beta of 1.30. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99. General Motors Company has a 1 year low of $46.81 and a 1 year high of $87.62.

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

General Motors Dividend Announcement

The business 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. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. General Motors’s payout ratio is presently 29.03%.

General Motors News Summary

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

Negative Sentiment: A UAW-backed strike at American Axle’s Michigan plant is threatening production of GM’s highly profitable Chevy Silverado and GMC Sierra trucks, which could disrupt supply and weigh on near-term revenue and margins. UAW calls for a midnight strike at GM pickup truck axle supplier
Negative Sentiment: Reuters and CNBC both reported that nearly 1,000 supplier workers have gone on strike, reinforcing investor worries that GM truck output could face interruptions. UAW union strike threatens General Motors truck production
Negative Sentiment: General Motors disclosed insider sales by Chief Accounting Officer Christopher Hatto and EVP Rory Harvey, which can add to caution around the stock even though both trades were made under pre-arranged 10b5-1 plans. Christopher Hatto insider trade
Negative Sentiment: Separately, a Reuters report highlighted a supplier strike that could hit GM truck production, keeping attention on supply-chain risk for one of GM’s biggest profit drivers. GM supplier strike could impact truck production
Neutral Sentiment: Industry commentary from a Mazda executive suggested EV adoption may need more consumer incentives and fewer mandates, a view that could support legacy automakers like GM if it slows the transition pressure, but it is not a direct GM catalyst. More Incentives Needed To Drive EV Demand, Mazda Executive Says
Neutral Sentiment: A general late-afternoon decline in consumer stocks adds a mild sector headwind, but it does not appear GM-specific. Sector Update: Consumer Stocks Decline Late Afternoon

Institutional Investors Weigh In On General Motors

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tsfg LLC raised its holdings 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 raised its holdings in General Motors by 15.6% during the fourth 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 period. Sumitomo Life Insurance Co. lifted its position in shares of General Motors by 0.7% in the fourth 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 in the last quarter. PDS Planning Inc lifted its holdings in General Motors by 3.4% in the 4th quarter. PDS Planning Inc now owns 3,996 shares of the auto manufacturer’s stock worth $325,000 after purchasing an additional 131 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of General Motors by 2.0% during the fourth quarter. UMB Bank n.a. now owns 6,887 shares of the auto manufacturer’s stock worth $560,000 after acquiring an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GM shares. Bank of America initiated coverage on General Motors in a research report on Wednesday, March 4th. They issued a “buy” rating and a $105.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of General Motors in a research note on Tuesday, April 21st. The Goldman Sachs Group lowered their target price on shares of General Motors from $104.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Evercore reissued an “outperform” rating and issued a $100.00 price target on shares of General Motors in a research report on Monday, May 4th. Finally, UBS Group boosted their target price on General Motors from $102.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. One 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Motors has a consensus rating of “Moderate Buy” and a consensus target price of $95.65.

View Our Latest Research Report on GM

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.