Insider Selling: General Motors (NYSE:GM) CEO Sells 23,000 Shares of Stock

General Motors Company (NYSE:GM) (TSE:GMM.U) CEO Mary Barra sold 23,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $85.00, for a total transaction of $1,955,000.00. Following the transaction, the chief executive officer owned 592,242 shares in the company, valued at approximately $50,340,570. This represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

General Motors Stock Down 1.0%

GM traded down $0.81 during trading on Tuesday, hitting $81.87. The stock had a trading volume of 7,510,025 shares, compared to its average volume of 6,819,298. The company has a market capitalization of $73.82 billion, a PE ratio of 33.32, a PEG ratio of 0.42 and a beta of 1.30. General Motors Company has a twelve month low of $46.81 and a twelve month high of $87.62. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 1.15. The stock has a 50 day simple moving average of $77.11 and a two-hundred day simple moving average of $78.20.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, beating the consensus estimate of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The company had revenue of $43.62 billion during the quarter, compared to the consensus estimate of $43.51 billion. During the same period last year, the firm earned $2.78 earnings per share. General Motors’s revenue was down .9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, research analysts predict that General Motors Company will post 12.85 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be given a dividend of $0.18 per share. 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 payout ratio is currently 29.03%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GM. Laurel Wealth Advisors LLC purchased a new position in General Motors in the fourth quarter valued at approximately $25,000. Evergreen Advisors LLC purchased a new position in General Motors in the first quarter worth $26,000. Elevation Wealth Partners LLC raised its position in General Motors by 500.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 275 shares in the last quarter. SouthState Bank Corp raised its position in General Motors by 101.7% in the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock worth $29,000 after acquiring an additional 177 shares in the last quarter. Finally, Kelleher Financial Advisors purchased a new position in General Motors in the third quarter worth $29,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on GM. Barclays cut their price objective on shares of General Motors from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, March 30th. Mizuho reduced their price target 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. Wall Street Zen raised shares of General Motors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Benchmark upped their price objective on shares of General Motors from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and increased their price target for the company from $83.00 to $90.00 in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.65.

General Motors News Roundup

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

• Negative Sentiment: A UAW-backed strike at a key axle supplier is targeting GM’s truck supply chain, raising the risk of production interruptions for high-margin Silverado and Sierra models. Reuters: UAW calls for a midnight strike at GM pickup truck axle supplier
• Negative Sentiment: Reuters and CNBC reported the strike is already underway, with nearly 1,000 workers off the job and no talks resumed, which keeps uncertainty high for GM truck production. CNBC: UAW union strike threatens General Motors truck production
• Negative Sentiment: Another report said the strike could directly impact GM truck production, reinforcing concerns that supply-chain disruption may hit one of GM’s main profit engines. Reuters: GM supplier strike could impact truck production
• Negative Sentiment: GM also disclosed insider sales by CAO Christopher Hatto and EVP Rory Harvey, which can add a small layer of caution even though both were made under pre-arranged trading plans. Insider trade: Christopher Hatto sells GM shares
• Neutral Sentiment: GM’s AI/ML development speed-up and a broader discussion about EV incentives are more long-term or industry-wide themes and are not the main drivers of today’s move. Ars Technica: From 15 hours to one minute: How AI/ML is speeding up GM’s development

About General Motors

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.