General Motors (NYSE:GM) CAO Christopher Hatto Sells 7,724 Shares of Stock

General Motors Company (NYSE:GM) (TSE:GMM.U) CAO Christopher Hatto sold 7,724 shares of General Motors stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $72.00, for a total value of $556,128.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares in the company, valued at approximately $864,504. This trade represents a 39.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Christopher Hatto also recently made the following trade(s):

• On Tuesday, October 28th, Christopher Hatto sold 15,697 shares of General Motors stock. The shares were sold at an average price of $70.00, for a total transaction of $1,098,790.00.
• On Friday, September 26th, Christopher Hatto sold 23,400 shares of General Motors stock. The shares were sold at an average price of $61.01, for a total value of $1,427,634.00.
• On Wednesday, August 27th, Christopher Hatto sold 14,667 shares of General Motors stock. The stock was sold at an average price of $59.00, for a total value of $865,353.00.

General Motors Stock Up 0.0%

General Motors stock opened at $71.86 on Friday. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $72.87. The firm has a market capitalization of $67.03 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41. The stock’s fifty day moving average is $62.36 and its two-hundred day moving average is $55.25. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, topping the consensus estimate of $2.32 by $0.48. The business had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Analysts predict that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. General Motors’s dividend payout ratio (DPR) is 12.07%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in General Motors by 11.5% in 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. Norges Bank acquired a new stake in shares of General Motors in the second quarter worth $444,319,000. AQR Capital Management LLC raised its stake in shares of General Motors by 146.8% in 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 acquiring an additional 8,012,743 shares during the period. Viking Global Investors LP lifted its holdings in shares of 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 valued at $640,659,000 after acquiring an additional 5,830,050 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in General Motors during the 1st quarter worth $175,889,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings cut General Motors from a “buy (b-)” rating to a “hold (c)” rating in a report on Saturday, October 25th. Bank of America decreased their price objective 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. Mizuho set a $76.00 target price on shares of General Motors in a report on Wednesday, October 22nd. Cowen reiterated a “buy” rating on shares of General Motors in a report on Tuesday, October 21st. Finally, Piper Sandler set a $66.00 price objective on shares of General Motors and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $70.00.

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.