General Motors (NYSE:GM) EVP Rory Harvey Sells 79,494 Shares

General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) EVP Rory Harvey sold 79,494 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $83.02, for a total transaction of $6,599,591.88. Following the completion of the transaction, the executive vice president owned 46,519 shares in the company, valued at approximately $3,862,007.38. This represents a 63.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 Friday, May 22nd, Rory Harvey sold 5,652 shares of General Motors stock. The shares were sold at an average price of $79.57, for a total value of $449,729.64.

General Motors Price Performance

GM stock opened at $84.00 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $75.74 billion, a PE ratio of 33.87, a P/E/G ratio of 0.40 and a beta of 1.29. General Motors Company has a 12-month low of $46.81 and a 12-month high of $87.62. The business’s fifty day moving average price is $76.53 and its 200 day moving average price is $77.93.

General Motors (NYSE:GMGet Free Report) (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, beating analysts’ consensus estimates of $2.61 by $1.09. The firm had revenue of $43.62 billion during the quarter, compared to analysts’ expectations of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter 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. On average, 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 announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be issued a $0.18 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. General Motors’s dividend payout ratio (DPR) is 29.03%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GM shares. Citigroup lifted their target price on General Motors from $105.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. UBS Group raised their target price on shares of General Motors from $102.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Evercore reaffirmed an “outperform” rating and issued a $100.00 target price on shares of General Motors in a report on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of General Motors in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group reduced their target price on shares of General Motors from $104.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $94.65.

View Our Latest Report on General Motors

Key Headlines Impacting General Motors

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

Institutional Investors Weigh In On General Motors

Institutional investors and hedge funds have recently bought and sold shares of the stock. M&T Bank Corp raised its position in General Motors by 82.0% during the 4th quarter. M&T Bank Corp now owns 72,062 shares of the auto manufacturer’s stock worth $5,860,000 after buying an additional 32,474 shares during the last quarter. Legacy Capital Group California Inc. raised its position in General Motors by 206.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer’s stock worth $1,708,000 after buying an additional 14,150 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in General Motors by 7.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 194,869 shares of the auto manufacturer’s stock worth $11,882,000 after buying an additional 14,209 shares during the last quarter. Perbak Capital Partners LLP raised its position in General Motors by 94.1% during the 3rd quarter. Perbak Capital Partners LLP now owns 47,086 shares of the auto manufacturer’s stock worth $2,871,000 after buying an additional 22,829 shares during the last quarter. Finally, Fieldview Capital Management LLC raised its position in General Motors by 99.0% during the 3rd quarter. Fieldview Capital Management LLC now owns 28,237 shares of the auto manufacturer’s stock worth $1,722,000 after buying an additional 14,048 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

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.

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

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