Key Points
- GM CEO Mary Barra sold 23,000 shares on May 29 at an average price of $85.00, worth about $1.96 million. The sale was made under a pre-arranged Rule 10b5-1 plan, and Barra still held more than 592,000 shares afterward.
- General Motors reported stronger-than-expected quarterly results, posting $3.70 EPS versus the $2.61 estimate and revenue of $43.62 billion, slightly above forecasts. The company also reaffirmed FY 2026 guidance of 10.62 to 12.62 EPS.
- GM faces supply-chain risk after a strike at a key axle supplier threatened production of profitable truck models. The article also notes several analyst price-target updates, with consensus sentiment remaining Moderate Buy.
General Motors Company (NYSE:GM - Get Free Report) (TSE:GMM.U) CEO Mary Barra sold 23,000 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer owned 592,242 shares of the company's stock, valued at approximately $50,340,570. The trade was a 3.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
General Motors Trading Down 1.0%
Shares of General Motors stock opened at $81.87 on Wednesday. The company has a fifty day simple moving average of $77.11 and a 200-day simple moving average of $78.20. General Motors Company has a 12-month low of $46.81 and a 12-month high of $87.62. 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 stock has a market cap of $73.82 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 0.42 and a beta of 1.30.
General Motors (NYSE:GM - Get Free Report) (TSE:GMM.U) last issued its 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 net margin of 1.38% and a return on equity of 16.68%. The business had revenue of $43.62 billion during the quarter, compared to analysts' expectations of $43.51 billion. During the same quarter in the prior year, the business posted $2.78 EPS. The company's revenue for the quarter 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, equities analysts forecast that General Motors Company will post 12.85 EPS for the current fiscal year.
General Motors Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid 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 dividend payout ratio is currently 29.03%.
More General Motors News
Here are the key news stories impacting General Motors this week:
Analysts Set New Price Targets
A number of analysts recently weighed in on GM shares. Royal Bank Of Canada decreased their price target on shares of General Motors from $96.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, April 29th. Mizuho decreased 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 note on Wednesday, April 29th. Citigroup increased their price target on shares of General Motors from $108.00 to $131.00 and gave the stock a "buy" rating in a research note on Monday. TD Cowen increased their price target on shares of General Motors from $122.00 to $126.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of General Motors in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.65.
Check Out Our Latest Analysis on General Motors
Hedge Funds Weigh In On General Motors
A number of large investors have recently bought and sold shares of GM. Laurel Wealth Advisors LLC purchased a new position in General Motors during the 4th quarter worth $25,000. Evergreen Advisors LLC purchased a new position in General Motors during the 1st quarter worth $26,000. Elevation Wealth Partners LLC raised its position in General Motors by 500.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer's stock worth $27,000 after buying an additional 275 shares during the last quarter. SouthState Bank Corp raised its position in General Motors by 101.7% during the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer's stock worth $29,000 after buying an additional 177 shares during the last quarter. Finally, Kelleher Financial Advisors purchased a new position in General Motors during the 3rd quarter worth $29,000. Hedge funds and other institutional investors own 92.67% of the company's stock.
About General Motors
(
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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