General Motors (NYSE:GM) EVP Sells $449,729.64 in Stock

General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) EVP Rory Harvey sold 5,652 shares of General Motors stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $79.57, for a total transaction of $449,729.64. Following the completion of the transaction, the executive vice president owned 126,013 shares in the company, valued at approximately $10,026,854.41. This represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 shares were sold at an average price of $83.02, for a total transaction of $6,599,591.88.

General Motors Trading Down 1.1%

Shares of General Motors stock opened at $83.39 on Friday. General Motors Company has a 52-week low of $46.81 and a 52-week high of $87.62. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. The company’s 50-day simple moving average is $76.93 and its 200-day simple moving average is $78.07. The firm has a market cap of $75.19 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 0.42 and a beta of 1.29.

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

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. General Motors’s dividend payout ratio is 29.03%.

Hedge Funds Weigh In On General Motors

Several institutional investors and hedge funds have recently bought and sold shares of GM. Brighton Jones LLC increased its position in 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 purchasing an additional 31,755 shares during the last quarter. Sivia Capital Partners LLC increased its position in General Motors by 61.4% during the second quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock worth $913,000 after purchasing an additional 7,058 shares during the last quarter. Baird Financial Group Inc. increased its position in General Motors by 4.8% during the second quarter. Baird Financial Group Inc. now owns 37,524 shares of the auto manufacturer’s stock worth $1,847,000 after purchasing an additional 1,706 shares during the last quarter. Jump Financial LLC increased its position in General Motors by 45.7% during the second quarter. Jump Financial LLC now owns 25,366 shares of the auto manufacturer’s stock worth $1,248,000 after purchasing an additional 7,951 shares during the last quarter. Finally, AXA S.A. increased its position in General Motors by 69.4% during the second quarter. AXA S.A. now owns 66,547 shares of the auto manufacturer’s stock worth $3,275,000 after purchasing an additional 27,270 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors News Roundup

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

Wall Street Analysts Forecast Growth

GM has been the subject of a number of analyst reports. Wolfe Research raised shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price objective for the company in a research report on Wednesday, March 25th. The Goldman Sachs Group cut their price objective on shares of General Motors from $104.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Royal Bank Of Canada cut their price objective on shares of General Motors from $96.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. UBS Group boosted their price objective on shares of General Motors from $102.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, General Motors presently has an average rating of “Moderate Buy” and an average target price of $94.65.

Check Out Our Latest Report on General Motors

About General Motors

(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.

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

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