Key Points
- GM Chief Accounting Officer Christopher Hatto sold 6,895 shares on May 28 at an average price of $85, totaling about $586,075. After the sale, he still held 25,794 shares, and the trade was made under a pre-arranged 10b5-1 plan.
- General Motors last reported better-than-expected quarterly earnings, with EPS of $3.70 versus estimates of $2.61 and revenue of $43.62 billion, slightly above expectations. The company also reaffirmed FY 2026 EPS guidance of 10.62 to 12.62.
- GM announced a quarterly dividend of $0.18 per share, payable June 18 to shareholders of record on June 5. That works out to an annualized yield of about 0.9%.
General Motors Company (NYSE:GM - Get Free Report) (TSE:GMM.U) CAO Christopher Hatto sold 6,895 shares of the company's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $85.00, for a total transaction of $586,075.00. Following the transaction, the chief accounting officer owned 25,794 shares of the company's stock, valued at $2,192,490. This represents a 21.09% decrease in their position. The transaction was disclosed in a legal 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 0.7%
GM stock opened at $82.69 on Tuesday. 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 $74.55 billion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 0.42 and a beta of 1.30. The firm's 50-day moving average is $77.11 and its two-hundred day moving average is $78.20. General Motors Company has a 52 week low of $46.81 and a 52 week high of $87.62.
General Motors (NYSE:GM - Get Free Report) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $1.09. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The company had revenue of $43.62 billion for the quarter, compared to analysts' expectations of $43.51 billion. During the same quarter in the prior year, the company earned $2.78 earnings per share. The firm'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. On average, analysts forecast that General Motors Company will post 12.85 earnings per share for the current fiscal year.
General Motors Dividend Announcement
The business also recently disclosed 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 of this dividend 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 presently 29.03%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on GM. Wolfe Research upgraded shares of General Motors from a "peer perform" rating to an "outperform" rating and set a $96.00 price objective for the company in a report on Wednesday, March 25th. Royal Bank Of Canada cut their target price on shares of General Motors from $96.00 to $95.00 and set an "outperform" rating for the company in a research report on Wednesday, April 29th. Jefferies Financial Group increased their price objective on General Motors from $85.00 to $97.00 and gave the company a "hold" rating in a research report on Monday, February 2nd. Piper Sandler reaffirmed an "overweight" rating and set a $102.00 target price on shares of General Motors in a research report on Wednesday, April 29th. Finally, TD Cowen upped their price objective on shares of General Motors from $122.00 to $126.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, General Motors has an average rating of "Moderate Buy" and a consensus target price of $95.65.
View Our Latest Research Report on General Motors
Trending Headlines about General Motors
Here are the key news stories impacting General Motors this week:
- Negative Sentiment: A UAW-backed strike at American Axle’s Michigan plant is threatening production of GM’s highly profitable Chevy Silverado and GMC Sierra trucks, which could disrupt supply and weigh on near-term revenue and margins. UAW calls for a midnight strike at GM pickup truck axle supplier
- Negative Sentiment: Reuters and CNBC both reported that nearly 1,000 supplier workers have gone on strike, reinforcing investor worries that GM truck output could face interruptions. UAW union strike threatens General Motors truck production
- Negative Sentiment: General Motors disclosed insider sales by Chief Accounting Officer Christopher Hatto and EVP Rory Harvey, which can add to caution around the stock even though both trades were made under pre-arranged 10b5-1 plans. Christopher Hatto insider trade
- Negative Sentiment: Separately, a Reuters report highlighted a supplier strike that could hit GM truck production, keeping attention on supply-chain risk for one of GM’s biggest profit drivers. GM supplier strike could impact truck production
- Neutral Sentiment: Industry commentary from a Mazda executive suggested EV adoption may need more consumer incentives and fewer mandates, a view that could support legacy automakers like GM if it slows the transition pressure, but it is not a direct GM catalyst. More Incentives Needed To Drive EV Demand, Mazda Executive Says
- Neutral Sentiment: A general late-afternoon decline in consumer stocks adds a mild sector headwind, but it does not appear GM-specific. Sector Update: Consumer Stocks Decline Late Afternoon
Institutional Trading of General Motors
Several hedge funds have recently modified their holdings of GM. Laurel Wealth Advisors LLC bought a new position in General Motors in the 4th quarter worth approximately $25,000. Evergreen Advisors LLC acquired a new position in shares of General Motors in the 1st quarter valued at $26,000. Elevation Wealth Partners LLC lifted its stake in shares of General Motors by 500.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer's stock valued at $27,000 after purchasing an additional 275 shares during the period. SouthState Bank Corp grew its stake in shares of General Motors by 101.7% during the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer's stock worth $29,000 after purchasing an additional 177 shares during the period. Finally, Kelleher Financial Advisors acquired a new position in shares of General Motors during the 3rd quarter worth about $29,000. 92.67% of the stock is owned by 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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