Mary Barra Sells 23,818 Shares of General Motors (NYSE:GM) Stock

Key Points

• Mary Barra, the CEO of General Motors, sold 23,818 shares of the company stock for approximately $1.43 million, reducing her holdings by 3.62% to 633,527 shares.
• The company recently announced a quarterly dividend of $0.15 per share, providing an annualized yield of 1.0% and a dividend payout ratio of 9.52%.
• General Motors has a market capitalization of $57.66 billion and reported a net margin of 2.54% with earnings per share (EPS) of $2.53 for the last quarter, slightly surpassing analysts' expectations.

General Motors Company (NYSE:GM - Get Free Report) TSE: GMM.U CEO Mary Barra sold 23,818 shares of the firm's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $59.90, for a total transaction of $1,426,698.20. Following the completion of the transaction, the chief executive officer directly owned 633,527 shares in the company, valued at approximately $37,948,267.30. This represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

General Motors Trading Up 1.1%

Shares of GM stock traded up $0.64 during mid-day trading on Thursday, reaching $60.56. The company's stock had a trading volume of 7,737,961 shares, compared to its average volume of 11,163,440. The company's 50 day simple moving average is $56.08 and its 200-day simple moving average is $50.94. General Motors Company has a 12-month low of $41.60 and a 12-month high of $61.24. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $57.66 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The business had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter last year, the firm posted $3.06 EPS. The business'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. On average, research analysts predict that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

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

Analysts Set New Price Targets

GM has been the topic of several analyst reports. Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a research note on Friday, July 11th. Bank of America dropped their price target on shares of General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. 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. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of General Motors in a research note on Thursday, July 24th. Finally, Wells Fargo & Company lifted their price target on shares of General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 23rd. One 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 issued 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.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in General Motors by 11.5% during the 2nd quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer's stock worth $5,450,485,000 after acquiring an additional 11,418,367 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in General Motors by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer's stock worth $676,322,000 after acquiring an additional 316,196 shares in the last quarter. Invesco Ltd. grew its holdings in General Motors by 4.5% during the 1st quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer's stock worth $646,482,000 after acquiring an additional 594,217 shares in the last quarter. AQR Capital Management LLC grew its holdings 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 worth $629,196,000 after acquiring an additional 8,012,743 shares in the last quarter. Finally, Viking Global Investors LP grew 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 acquiring an additional 5,830,050 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

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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