General Motors (NYSE:GM) EVP Rory Harvey Sells 6,600 Shares

Key Points

• Rory Harvey, EVP of General Motors, sold 6,600 shares of the company's stock at an average price of $61.95, totaling $408,870, which represents a 43.67% decrease in his holdings.
• General Motors reported an EPS of $2.53 for the last quarter, slightly beating analyst estimates and generating $47.12 billion in revenue, down 1.8% from the previous year.
• The company recently announced a quarterly dividend of $0.15 per share, reflecting an annualized dividend yield of 1.0%.

General Motors Company (NYSE:GM - Get Free Report) TSE: GMM.U EVP Rory Harvey sold 6,600 shares of the company's stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.95, for a total value of $408,870.00. Following the completion of the sale, the executive vice president owned 8,513 shares in the company, valued at $527,380.35. This trade represents a 43.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Rory Harvey also recently made the following trade(s):

• On Friday, September 12th, Rory Harvey sold 4,459 shares of General Motors stock. The shares were sold at an average price of $59.95, for a total value of $267,317.05.
• On Tuesday, August 5th, Rory Harvey sold 23,977 shares of General Motors stock. The shares were sold at an average price of $53.01, for a total value of $1,271,020.77.

General Motors Trading Down 0.3%

Shares of NYSE GM traded down $0.20 during trading on Tuesday, reaching $60.92. The company had a trading volume of 6,963,493 shares, compared to its average volume of 11,119,932. The company's fifty day moving average price is $56.54 and its 200-day moving average price is $51.26. General Motors Company has a 12 month low of $41.60 and a 12 month high of $62.14. The stock has a market cap of $58.00 billion, a P/E ratio of 9.67, a PEG ratio of 1.29 and a beta of 1.32. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating the consensus estimate of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The company had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same quarter in the prior year, the company earned $3.06 EPS. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, research analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were given a dividend of $0.15 per share. The ex-dividend date was Friday, September 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. General Motors's dividend payout ratio is presently 9.52%.

Wall Street Analyst Weigh In

GM has been the topic of several research analyst reports. Royal Bank Of Canada restated an "outperform" rating on shares of General Motors in a research report on Thursday, July 24th. Mizuho upped their target price on General Motors from $58.00 to $67.00 and gave the company an "outperform" rating in a research report on Tuesday, September 23rd. Citigroup upped their target price on General Motors from $61.00 to $75.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. UBS Group raised General Motors from a "neutral" rating to a "buy" rating and upped their price target for the stock from $56.00 to $81.00 in a research note on Wednesday, September 24th. Finally, Bank of America dropped their price target on General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and two have 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 price target of $63.16.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH purchased a new stake in shares of General Motors in the second quarter worth approximately $25,000. GFG Capital LLC purchased a new stake in shares of General Motors in the second quarter worth approximately $27,000. Costello Asset Management INC purchased a new stake in shares of General Motors in the first quarter worth approximately $32,000. RMG Wealth Management LLC purchased a new stake in shares of General Motors in the second quarter worth approximately $32,000. Finally, WPG Advisers LLC purchased a new stake in shares of General Motors in the first quarter worth approximately $34,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.

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