General Motors Company (NYSE:GM) (TSE:GMM.U) CFO Charles K. Stevens III sold 265,458 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $44.49, for a total transaction of $11,810,226.42. Following the sale, the chief financial officer now owns 326,510 shares of the company’s stock, valued at approximately $14,526,429.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
General Motors Company (NYSE GM) traded up $0.55 during trading on Friday, reaching $42.66. 14,102,001 shares of the company’s stock were exchanged, compared to its average volume of 13,583,509. General Motors Company has a 1 year low of $31.92 and a 1 year high of $46.76. The firm has a market capitalization of $60,594.60, a P/E ratio of 6.89, a PEG ratio of 0.74 and a beta of 1.56. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.25. The company had revenue of $30.48 billion during the quarter, compared to the consensus estimate of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 earnings per share. research analysts predict that General Motors Company will post 6.24 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, December 8th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Thursday, December 7th. General Motors’s payout ratio is currently 77.95%.
Hedge funds have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC lifted its holdings in General Motors by 43.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock worth $101,000 after purchasing an additional 860 shares during the period. Franklin Parlapiano Turner & Welch LLC bought a new stake in General Motors in the first quarter worth about $106,000. FNY Managed Accounts LLC bought a new stake in General Motors in the first quarter worth about $107,000. State of Alaska Department of Revenue raised its position in General Motors by 10.5% in the second quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock worth $113,000 after acquiring an additional 310 shares in the last quarter. Finally, Ffcm LLC raised its position in General Motors by 2,008.1% in the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock worth $120,000 after acquiring an additional 3,213 shares in the last quarter. 74.65% of the stock is owned by institutional investors and hedge funds.
GM has been the subject of a number of analyst reports. Vetr downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $37.42 price objective for the company. in a research report on Monday, July 17th. BidaskClub upgraded shares of General Motors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded shares of General Motors from a “hold” rating to a “strong sell” rating in a report on Monday, July 24th. Royal Bank Of Canada increased their price target on shares of General Motors from $37.00 to $38.00 and gave the company a “sector perform” rating in a report on Wednesday, July 26th. Finally, ValuEngine upgraded shares of General Motors from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $43.61.
General Motors Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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