Key Points
- GM EVP Rory Harvey sold 79,494 shares on May 27 at an average price of $83.02, generating about $6.6 million. The sale cut his stake by 63.08% and was made under a pre-arranged Rule 10b5-1 plan.
- Harvey also sold 5,652 GM shares on May 22 for about $449,730, adding to the recent insider selling activity. Insider sales can pressure sentiment even when they are planned in advance.
- GM’s fundamentals and outlook remain solid: the company beat quarterly EPS and revenue estimates, raised FY2026 guidance, and announced a quarterly dividend of $0.18 per share. Analysts currently rate the stock a Moderate Buy with a consensus price target of $94.65.
General Motors Company (NYSE:GM - Get Free Report) (TSE:GMM.U) EVP Rory Harvey sold 5,652 shares of General Motors stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $79.57, for a total value of $449,729.64. Following the completion of the sale, the executive vice president directly owned 126,013 shares of the company's stock, valued at $10,026,854.41. The trade was a 4.29% decrease in their ownership of the stock. 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.
Rory Harvey also recently made the following trade(s):
- On Wednesday, May 27th, Rory Harvey sold 79,494 shares of General Motors stock. The shares were sold at an average price of $83.02, for a total value of $6,599,591.88.
General Motors Stock Up 5.3%
General Motors stock opened at $84.00 on Thursday. General Motors Company has a twelve month low of $46.81 and a twelve month high of $87.62. The stock's fifty day simple moving average is $76.53 and its 200-day simple moving average is $77.93. 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 firm has a market capitalization of $75.74 billion, a P/E ratio of 33.87, a P/E/G ratio of 0.40 and a beta of 1.29.
General Motors (NYSE:GM - Get Free Report) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, topping analysts' consensus estimates of $2.61 by $1.09. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The business had revenue of $43.62 billion for the quarter, compared to analyst estimates of $43.51 billion. During the same quarter in the prior year, the company earned $2.78 earnings per share. The company's revenue was down .9% on a year-over-year basis. 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, June 5th. General Motors's dividend payout ratio (DPR) is presently 29.03%.
Institutional Investors Weigh In On General Motors
Large investors have recently modified their holdings of the company. M&T Bank Corp boosted its holdings in shares of General Motors by 82.0% in the fourth quarter. M&T Bank Corp now owns 72,062 shares of the auto manufacturer's stock valued at $5,860,000 after acquiring an additional 32,474 shares during the period. Legacy Capital Group California Inc. grew its stake in shares of General Motors by 206.4% in the 4th quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer's stock valued at $1,708,000 after purchasing an additional 14,150 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of General Motors by 7.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 194,869 shares of the auto manufacturer's stock valued at $11,882,000 after purchasing an additional 14,209 shares during the last quarter. Perbak Capital Partners LLP grew its stake in shares of General Motors by 94.1% in the 3rd quarter. Perbak Capital Partners LLP now owns 47,086 shares of the auto manufacturer's stock valued at $2,871,000 after purchasing an additional 22,829 shares during the last quarter. Finally, Fieldview Capital Management LLC grew its stake in shares of General Motors by 99.0% in the 3rd quarter. Fieldview Capital Management LLC now owns 28,237 shares of the auto manufacturer's stock valued at $1,722,000 after purchasing an additional 14,048 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on GM shares. DZ Bank upgraded shares of General Motors from a "hold" rating to a "buy" rating and set a $98.00 price objective on the stock in a report on Thursday, January 29th. TD Cowen raised their price objective on shares of General Motors from $122.00 to $126.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Jefferies Financial Group raised their price objective on shares of General Motors from $85.00 to $97.00 and gave the company a "hold" rating in a report on Monday, February 2nd. Piper Sandler restated an "overweight" rating and issued a $102.00 price objective on shares of General Motors in a report on Wednesday, April 29th. Finally, Evercore restated an "outperform" rating and issued a $100.00 price objective on shares of General Motors in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $94.65.
View Our Latest Analysis on GM
Key Headlines Impacting General Motors
Here are the key news stories impacting General Motors this week:
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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