General Motors (NYSE:GM) EVP Sells $1,480,225.32 in Stock

General Motors Company (NYSE:GM) (TSE:GMM.U) EVP Rory Harvey sold 16,513 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $89.64, for a total transaction of $1,480,225.32. Following the completion of the sale, the executive vice president owned 12,000 shares of the company’s stock, valued at $1,075,680. This trade represents a 57.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

General Motors Price Performance

Shares of NYSE:GM traded down $3.09 during midday trading on Friday, hitting $86.24. The company’s stock had a trading volume of 9,030,016 shares, compared to its average volume of 7,707,486. The company has a market cap of $72.75 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 0.52 and a beta of 1.40. General Motors Company has a 12-month low of $67.06 and a 12-month high of $93.70. The business’s 50 day simple moving average is $83.34 and its 200 day simple moving average is $80.79. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.94 and a current ratio of 1.09.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.01. The company had revenue of $50.02 billion during the quarter, compared to analysts’ expectations of $48.78 billion. General Motors had a net margin of 2.12% and a return on equity of 19.36%. General Motors’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.80 EPS. On average, analysts forecast that General Motors Company will post 13.37 EPS for the current year.

General Motors announced that its board has initiated a share repurchase plan on Tuesday, October 20th that authorizes the company to repurchase $20 billion in shares. This repurchase authorization authorizes the auto manufacturer to purchase up to 27.5% of its shares through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, December 4th will be given a $0.18 dividend. The ex-dividend date is Friday, December 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. General Motors’s dividend payout ratio is 16.51%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. reduced their price objective on General Motors from $120.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Deutsche Bank Aktiengesellschaft set a $98.00 target price on General Motors in a research note on Wednesday, October 21st. Wells Fargo & Company lifted their price target on General Motors from $60.00 to $61.00 and gave the stock an “underweight” rating in a report on Wednesday, July 22nd. Morgan Stanley lowered their price target on shares of General Motors from $101.00 to $95.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 21st. Finally, Truist Financial set a $105.00 price target on shares of General Motors in a research report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, General Motors has an average rating of “Moderate Buy” and a consensus price target of $101.44.

Institutional Trading of General Motors

Several institutional investors have recently made changes to their positions in GM. Cornerstone Wealth Management LLC raised its position in General Motors by 0.7% in the third quarter. Cornerstone Wealth Management LLC now owns 16,179 shares of the auto manufacturer’s stock valued at $1,246,000 after purchasing an additional 112 shares during the period. Avior Wealth Management LLC grew its holdings in shares of General Motors by 2.6% during the 3rd quarter. Avior Wealth Management LLC now owns 5,251 shares of the auto manufacturer’s stock worth $404,000 after purchasing an additional 134 shares during the period. Silver Grove Financial Group Inc. grew its holdings in shares of General Motors by 8.1% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 1,802 shares of the auto manufacturer’s stock worth $139,000 after purchasing an additional 135 shares during the period. Bogart Wealth LLC increased its position in shares of General Motors by 17.0% during the 2nd quarter. Bogart Wealth LLC now owns 949 shares of the auto manufacturer’s stock worth $73,000 after purchasing an additional 138 shares during the last quarter. Finally, Richardson Financial Services Inc. increased its position in shares of General Motors by 75.7% during the 3rd quarter. Richardson Financial Services Inc. now owns 325 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Key Stories Impacting General Motors

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

• Positive Sentiment: Analyst estimates from Zacks Research point to higher future earnings, including an increase in its FY2028 EPS forecast to $15.10 from $12.70. Zacks Research Forecasts General Motors Q4 Earnings
• Positive Sentiment: GM’s 38% stake in Nevada’s Thacker Pass lithium project could help secure domestic battery materials for its longer-term EV plans. General Motors Takes 38% Of Thacker Pass In U.S. Lithium Push
• Neutral Sentiment: GM reportedly canceled a planned electric Corvette SUV. The move could limit a future EV opportunity, though it may also reflect a shift in product priorities and investment plans. GM Axes Planned Electric Corvette SUV, Report Claims
• Neutral Sentiment: GM reportedly wants to develop the next Chevrolet Silverado in just two years. Faster development could improve its ability to refresh a key model, but execution and product quality will matter. GM Wants the Next Chevy Silverado Developed in Just Two Years
• Negative Sentiment: GM is recalling about 67,000 EVs after a software problem was linked to a possible loss of braking. The recall raises safety, repair-cost and reputational concerns, although reports say an over-the-air fix is available. GM Recalls 67,000 EVs After a Cadillac LYRIQ Braking Failure
• Negative Sentiment: Industry reports warn that higher commodity, logistics and memory costs could squeeze automakers in 2027 as it becomes harder to pass increases on to customers—an added margin risk for GM. Legacy Automakers Face a Tougher 2027 as Costs Rise

General Motors Company Profile

General Motors Company designs, manufactures and sells cars, trucks, crossovers and sport utility vehicles. Its vehicle brands include Chevrolet, Buick, GMC and Cadillac, and its offerings also include vehicle parts, software and related services. GM Financial provides automotive financing and leasing products to customers and dealers.

Founded in 1908, General Motors is headquartered in Detroit, Michigan. The company serves customers in North America and international markets, with operations and sales spanning multiple regions.

Mary Barra has served as GM’s chief executive officer since 2014.