Mary T. Barra Sells 626,316 Shares of General Motors (NYSE:GM) Stock

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) CEO Mary T. Barra sold 626,316 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $43.46, for a total transaction of $27,219,693.36. Following the transaction, the chief executive officer now directly owns 1,198,648 shares in the company, valued at approximately $52,093,242.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

General Motors Price Performance

Shares of NYSE GM opened at $45.01 on Friday. General Motors has a 52 week low of $26.30 and a 52 week high of $46.17. The business’s 50 day moving average price is $44.43 and its 200 day moving average price is $39.04. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. The firm has a market cap of $51.35 billion, a P/E ratio of 5.50, a P/E/G ratio of 0.50 and a beta of 1.49.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. The firm had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.21 earnings per share. On average, sell-side analysts expect that General Motors will post 9.4 earnings per share for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be paid a $0.12 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.07%. General Motors’s payout ratio is 5.87%.

Institutional Trading of General Motors

Several hedge funds and other institutional investors have recently bought and sold shares of GM. Handelsbanken Fonder AB grew its stake in shares of General Motors by 18.5% during the 4th quarter. Handelsbanken Fonder AB now owns 475,061 shares of the auto manufacturer’s stock worth $17,064,000 after purchasing an additional 74,194 shares during the period. Cerity Partners LLC grew its position in General Motors by 361.1% during the fourth quarter. Cerity Partners LLC now owns 119,714 shares of the auto manufacturer’s stock valued at $4,300,000 after buying an additional 93,754 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in General Motors by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,327,552 shares of the auto manufacturer’s stock valued at $370,966,000 after buying an additional 558,765 shares in the last quarter. Foundry Partners LLC boosted its stake in shares of General Motors by 15.0% during the 3rd quarter. Foundry Partners LLC now owns 394,047 shares of the auto manufacturer’s stock worth $12,992,000 after acquiring an additional 51,336 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its position in shares of General Motors by 10.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 147,383 shares of the auto manufacturer’s stock valued at $4,859,000 after acquiring an additional 14,002 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GM has been the subject of a number of recent research reports. Wedbush boosted their price objective on shares of General Motors from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lifted their target price on General Motors from $44.00 to $50.00 and gave the company a “hold” rating in a research note on Tuesday, April 23rd. StockNews.com raised shares of General Motors from a “hold” rating to a “buy” rating in a research report on Saturday. Tigress Financial lifted their price objective on shares of General Motors from $86.00 to $88.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 15th. Finally, Citigroup increased their target price on shares of General Motors from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.65.

View Our Latest Analysis on General Motors

About General Motors

(Get Free Report)

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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