General Motors (NYSE:GM) President Sells $8,185,999.32 in Stock

Key Points

• General Motors President Mark Reuss sold 136,161 shares of company stock for approximately $8.19 million, reducing his ownership by nearly 51% to 131,036 shares.
• General Motors reported earnings per share of $2.53, surpassing analysts' estimates, but showed a 1.8% revenue decline compared to the same quarter last year.
• The company announced a quarterly dividend of $0.15 per share, reflecting a 1.0% annualized yield and a payout ratio of 9.52%.

General Motors Company (NYSE:GM - Get Free Report) TSE: GMM.U President Mark Reuss sold 136,161 shares of the firm's stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $60.12, for a total value of $8,185,999.32. Following the transaction, the president directly owned 131,036 shares in the company, valued at $7,877,884.32. This trade represents a 50.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

General Motors Price Performance

GM stock traded up $0.65 during trading on Friday, hitting $61.24. The company had a trading volume of 8,638,768 shares, compared to its average volume of 11,149,649. The company has a fifty day moving average price of $56.22 and a two-hundred day moving average price of $51.03. The company has a market cap of $58.31 billion, a P/E ratio of 9.72, a P/E/G ratio of 1.26 and a beta of 1.32. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $61.98.

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 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.01. The company had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities research analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of General Motors by 11.5% during the second quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer's stock valued at $5,450,485,000 after buying an additional 11,418,367 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of General Motors by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer's stock worth $676,322,000 after buying an additional 316,196 shares during the last quarter. Invesco Ltd. grew its holdings in shares of General Motors by 4.5% in the 1st quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer's stock worth $646,482,000 after purchasing an additional 594,217 shares during the last quarter. AQR Capital Management LLC lifted its position in General Motors by 146.8% during the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock valued at $629,196,000 after purchasing an additional 8,012,743 shares during the period. Finally, Viking Global Investors LP raised its holdings in General Motors by 81.1% during the 2nd quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer's stock worth $640,659,000 after buying an additional 5,830,050 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GM has been the topic of several recent analyst reports. Mizuho increased their price objective on shares of General Motors from $58.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday. Wedbush lifted their price target on shares of General Motors from $55.00 to $65.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Barclays upgraded General Motors from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $55.00 to $73.00 in a report on Friday, September 12th. JPMorgan Chase & Co. lifted their price target on General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, UBS Group upgraded General Motors from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $56.00 to $81.00 in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, General Motors presently has an average rating of "Moderate Buy" and a consensus price target of $61.53.

About General Motors

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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