Grant Michael Dixton Sells 40,000 Shares of General Motors (NYSE:GM) Stock

General Motors Company (NYSE:GM) (TSE:GMM.U) EVP Grant Michael Dixton sold 40,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $88.44, for a total transaction of $3,537,600.00. Following the sale, the executive vice president directly owned 54,992 shares of the company’s stock, valued at approximately $4,863,492.48. The trade was a 42.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

General Motors Stock Performance

NYSE:GM traded down $1.18 during mid-day trading on Monday, hitting $87.68. 4,808,272 shares of the company traded hands, compared to its average volume of 7,968,732. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42. The stock’s fifty day moving average price is $80.56 and its 200-day moving average price is $79.03. The firm has a market cap of $76.94 billion, a price-to-earnings ratio of 44.28, a price-to-earnings-growth ratio of 0.41 and a beta of 1.31. General Motors Company has a one year low of $52.09 and a one year high of $91.85.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.38. General Motors had a return on equity of 18.18% and a net margin of 1.05%.The firm had revenue of $48.03 billion for the quarter, compared to analysts’ expectations of $47.01 billion. During the same period in the previous year, the firm earned $2.53 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Research analysts anticipate that General Motors Company will post 13.27 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, September 4th. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. General Motors’s dividend payout ratio (DPR) is presently 36.36%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a research report on Friday, July 17th. Wells Fargo & Company raised their price objective on shares of General Motors from $60.00 to $61.00 and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group lifted their target price on shares of General Motors from $91.00 to $103.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $100.00 price target on shares of General Motors in a research note on Wednesday, July 22nd. Finally, Mizuho decreased their price target on General Motors from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $101.41.

Institutional Investors Weigh In On General Motors

Institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its position in shares of General Motors by 2.7% during the fourth quarter. Franklin Resources Inc. now owns 32,158,403 shares of the auto manufacturer’s stock worth $2,615,121,000 after acquiring an additional 835,645 shares during the last quarter. Geode Capital Management LLC lifted its stake in General Motors by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 22,242,381 shares of the auto manufacturer’s stock worth $1,802,668,000 after purchasing an additional 267,477 shares in the last quarter. Capital World Investors lifted its stake in General Motors by 7.8% in the 4th quarter. Capital World Investors now owns 19,536,049 shares of the auto manufacturer’s stock worth $1,588,688,000 after purchasing an additional 1,405,530 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of General Motors by 5.5% during the 3rd quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock valued at $868,986,000 after purchasing an additional 748,831 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of General Motors by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,225,518 shares of the auto manufacturer’s stock valued at $1,059,668,000 after purchasing an additional 77,100 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

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.