General Motors Company (NYSE:GM) (TSE:GMM.U) insider Alicia S. Boler-Davis sold 10,000 shares of General Motors stock in a transaction on Friday, October 6th. The shares were sold at an average price of $45.00, for a total transaction of $450,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
General Motors Company (NYSE GM) opened at 45.21 on Wednesday. The company’s 50-day moving average is $39.09 and its 200 day moving average is $35.69. The company has a market capitalization of $65.88 billion, a P/E ratio of 7.86 and a beta of 1.45. General Motors Company has a one year low of $30.21 and a one year high of $45.43.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The company had revenue of $36.98 billion for the quarter, compared to the consensus estimate of $37.67 billion. During the same period in the previous year, the firm earned $1.86 earnings per share. General Motors’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities analysts anticipate that General Motors Company will post $6.13 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Thursday, September 7th. General Motors’s dividend payout ratio (DPR) is presently 26.48%.
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Hedge funds have recently modified their holdings of the business. Swiss National Bank raised its stake in General Motors by 1.2% during the second quarter. Swiss National Bank now owns 4,925,857 shares of the auto manufacturer’s stock worth $172,060,000 after purchasing an additional 56,500 shares during the period. State of Tennessee Treasury Department raised its stake in General Motors by 0.4% during the second quarter. State of Tennessee Treasury Department now owns 825,599 shares of the auto manufacturer’s stock worth $28,839,000 after purchasing an additional 3,298 shares during the period. Intrust Bank NA raised its stake in General Motors by 0.3% during the second quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock worth $250,000 after purchasing an additional 25 shares during the period. Commonwealth Bank of Australia raised its stake in General Motors by 12.5% during the second quarter. Commonwealth Bank of Australia now owns 739,220 shares of the auto manufacturer’s stock worth $25,819,000 after purchasing an additional 82,201 shares during the period. Finally, Alpha Windward LLC raised its stake in General Motors by 2.3% during the second quarter. Alpha Windward LLC now owns 5,542 shares of the auto manufacturer’s stock worth $194,000 after purchasing an additional 125 shares during the period. 72.22% of the stock is currently owned by institutional investors.
GM has been the topic of a number of analyst reports. Berenberg Bank restated a “sell” rating and set a $31.00 target price on shares of General Motors in a research note on Tuesday, June 13th. Wolfe Research initiated coverage on shares of General Motors in a research note on Tuesday, June 13th. They set a “market perform” rating and a $33.00 target price on the stock. Jefferies Group LLC restated a “buy” rating and set a $36.00 target price on shares of General Motors in a research note on Tuesday, June 13th. BidaskClub upgraded shares of General Motors from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, Bank of America Corporation restated a “buy” rating and set a $40.00 target price (down previously from $44.00) on shares of General Motors in a research note on Friday, June 16th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. General Motors presently has a consensus rating of “Buy” and a consensus target price of $41.35.
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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