General Motors (NYSE:GM) (TSE:GMM.U) insider Barry L. Engle II sold 50,443 shares of General Motors stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $45.00, for a total value of $2,269,935.00. Following the sale, the insider now directly owns 57,091 shares of the company’s stock, valued at approximately $2,569,095. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of General Motors (NYSE:GM) opened at $43.15 on Friday. General Motors has a 52 week low of $31.92 and a 52 week high of $46.76. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $61,290.00, a PE ratio of 9.34, a PEG ratio of 0.81 and a beta of 1.55.
General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.25. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The company had revenue of $30.48 billion during the quarter, compared to analyst estimates of $29.93 billion. During the same quarter in the previous year, the company posted $1.72 EPS. General Motors’s revenue for the quarter was down 16.6% on a year-over-year basis. analysts expect that General Motors will post 6.41 earnings per share for the current year.
Several equities research analysts have issued reports on the company. Zacks Investment Research raised General Motors from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Barclays reaffirmed a “buy” rating and set a $61.00 price target on shares of General Motors in a research note on Tuesday, January 9th. Vetr lowered General Motors from a “hold” rating to a “sell” rating and set a $40.10 price target for the company. in a research note on Monday, January 1st. Evercore ISI lifted their price target on General Motors from $40.00 to $41.38 in a research note on Friday, December 29th. Finally, Royal Bank of Canada raised General Motors from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $51.00 to $52.00 in a research note on Tuesday, December 19th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $44.07.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC raised its position in General Motors by 43.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock valued at $101,000 after purchasing an additional 860 shares during the last quarter. Fieldpoint Private Securities LLC bought a new position in General Motors during the 3rd quarter valued at approximately $119,000. Ropes Wealth Advisors LLC raised its position in General Motors by 240.2% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 4,600 shares of the auto manufacturer’s stock valued at $161,000 after purchasing an additional 3,248 shares during the last quarter. Fayez Sarofim & Co. bought a new position in General Motors during the 3rd quarter valued at approximately $202,000. Finally, Capital Investment Advisory Services LLC bought a new position in General Motors during the 3rd quarter valued at approximately $203,000. 73.02% of the stock is owned by institutional investors.
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.
Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.