Insider Selling: General Motors (NYSE:GM) CEO Sells $8,445,238.90 in Stock

General Motors Company (NYSE:GM) (TSE:GMM.U) CEO Mary Barra sold 99,239 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $85.10, for a total value of $8,445,238.90. Following the completion of the sale, the chief executive officer directly owned 592,242 shares in the company, valued at approximately $50,399,794.20. This represents a 14.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

General Motors Price Performance

Shares of GM traded down $0.13 during midday trading on Thursday, hitting $79.45. The company’s stock had a trading volume of 18,824,417 shares, compared to its average volume of 8,025,157. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. General Motors Company has a one year low of $47.63 and a one year high of $87.62. The stock has a market capitalization of $71.64 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 0.42 and a beta of 1.30. The company’s fifty day simple moving average is $78.98 and its two-hundred day simple moving average is $79.17.

General Motors (NYSE:GM) (TSE:GMM.U) last announced 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. The business had revenue of $43.62 billion during the quarter, compared to the consensus estimate of $43.51 billion. General Motors had a return on equity of 16.68% and a net margin of 1.38%.General Motors’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the company earned $2.78 EPS. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, equities analysts expect that General Motors Company will post 12.85 earnings per share for the current fiscal year.

General Motors Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GM. Tsfg LLC increased its position in shares of General Motors by 5.7% during the fourth quarter. Tsfg LLC now owns 2,241 shares of the auto manufacturer’s stock worth $182,000 after buying an additional 120 shares during the period. Bogart Wealth LLC lifted its holdings in General Motors by 15.6% in the fourth 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 position in General Motors by 0.7% during 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 during the last quarter. PDS Planning Inc boosted its position in General Motors by 3.4% during the fourth 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 holdings in General Motors by 2.0% during the 4th 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 period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on GM. Weiss Ratings restated a “hold (c)” rating on shares of General Motors in a research report on Tuesday, April 21st. Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of General Motors in a report on Monday, May 11th. Wall Street Zen raised General Motors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. TD Cowen lifted their price target on General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Piper Sandler restated an “overweight” rating and set a $102.00 price target on shares of General Motors in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, General Motors has an average rating of “Moderate Buy” and an average price target of $95.65.

General Motors Company Profile

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.