Gerald Johnson Sells 27,122 Shares of General Motors (NYSE:GM) Stock

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) EVP Gerald Johnson sold 27,122 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $45.26, for a total value of $1,227,541.72. Following the transaction, the executive vice president now owns 71,506 shares in the company, valued at approximately $3,236,361.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Gerald Johnson also recently made the following trade(s):

  • On Monday, February 26th, Gerald Johnson sold 15,190 shares of General Motors stock. The shares were sold at an average price of $40.03, for a total value of $608,055.70.

General Motors Trading Down 1.1 %

Shares of GM stock opened at $44.89 on Wednesday. The stock has a market capitalization of $51.82 billion, a P/E ratio of 6.14, a P/E/G ratio of 0.56 and a beta of 1.51. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. The firm’s 50 day moving average is $39.88 and its 200 day moving average is $34.79. General Motors has a 12-month low of $26.30 and a 12-month high of $45.73.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its earnings results on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The company had revenue of $42.98 billion for the quarter, compared to the consensus estimate of $38.81 billion. General Motors had a return on equity of 14.34% and a net margin of 5.89%. General Motors’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.12 earnings per share. Research analysts expect that General Motors will post 9 earnings per share for the current year.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Friday, March 1st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.07%. This is a positive change from General Motors’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, February 29th. General Motors’s payout ratio is 6.57%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GM. The Goldman Sachs Group raised their price objective on General Motors from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Royal Bank of Canada upped their price objective on shares of General Motors from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Wedbush lifted their target price on shares of General Motors from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. TheStreet upgraded General Motors from a “c+” rating to a “b-” rating in a research note on Tuesday, March 19th. Finally, Mizuho lifted their price objective on General Motors from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $50.63.

View Our Latest Report on General Motors

Institutional Trading of General Motors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. VisionPoint Advisory Group LLC bought a new position in shares of General Motors in the second quarter worth about $25,000. SouthState Corp raised its stake in General Motors by 173.8% during the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 485 shares during the period. Penserra Capital Management LLC lifted its holdings in General Motors by 85.8% during the first quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock valued at $26,000 after purchasing an additional 283 shares in the last quarter. Highlander Capital Management LLC purchased a new position in General Motors during the fourth quarter valued at approximately $27,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of General Motors in the fourth quarter worth approximately $29,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Company Profile

(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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Insider Buying and Selling by Quarter for General Motors (NYSE:GM)

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