General Motors Company (NYSE:GM - Get Free Report) (TSE:GMM.U) EVP Grant Michael Dixton sold 40,000 shares of General Motors stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $88.44, for a total value of $3,537,600.00. Following the sale, the executive vice president owned 54,992 shares in the company, valued at $4,863,492.48. This represents a 42.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
General Motors Price Performance
Shares of GM stock opened at $87.68 on Tuesday. The business's fifty day moving average is $80.74 and its 200 day moving average is $79.06. 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 has a market cap of $76.94 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 0.41 and a beta of 1.30. General Motors Company has a twelve month low of $52.09 and a twelve month high of $91.85.
General Motors (NYSE:GM - Get Free Report) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, beating the consensus estimate of $3.19 by $0.38. General Motors had a return on equity of 18.18% and a net margin of 1.05%.The business had revenue of $48.03 billion during the quarter, compared to analyst estimates of $47.01 billion. During the same quarter last year, the firm posted $2.53 earnings per share. The company's revenue for the quarter 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 expect that General Motors Company will post 13.27 EPS for the current fiscal year.
General Motors Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, September 4th. General Motors's dividend payout ratio (DPR) is presently 36.36%.
Institutional Investors Weigh In On General Motors
Several institutional investors and hedge funds have recently made changes to their positions in GM. Laurel Wealth Advisors LLC purchased a new position in General Motors in the 4th quarter worth approximately $25,000. SouthState Bank Corp boosted its stake in General Motors by 101.7% during the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer's stock valued at $29,000 after purchasing an additional 177 shares during the last quarter. Evergreen Advisors LLC purchased a new position in shares of General Motors in the first quarter worth $26,000. Kemnay Advisory Services Inc. bought a new position in shares of General Motors during the fourth quarter valued at $30,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of General Motors during the fourth quarter valued at $33,000. Institutional investors own 92.67% of the company's stock.
Analyst Upgrades and Downgrades
GM has been the topic of several research reports. Benchmark reissued a "buy" rating on shares of General Motors in a research note on Tuesday, July 21st. Jefferies Financial Group raised shares of General Motors from a "hold" rating to a "buy" rating and raised their target price for the company from $90.00 to $99.00 in a research note on Monday, July 27th. TD Cowen lifted their target price on shares of General Motors from $126.00 to $132.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Wells Fargo & Company boosted their price target on General Motors from $60.00 to $61.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 22nd. Finally, Tigress Financial upped their price target on General Motors from $92.00 to $130.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 28th. One investment 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 given a Sell rating to the company's stock. Based on data from MarketBeat, General Motors has an average rating of "Moderate Buy" and a consensus price target of $101.41.
View Our Latest Stock Report on GM
General Motors Company Profile
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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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