General Motors Company (NYSE:GM) (TSE:GMM.U) CFO Charles K. Stevens III sold 265,458 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $44.49, for a total value of $11,810,226.42. Following the transaction, the chief financial officer now directly owns 326,510 shares of the company’s stock, valued at approximately $14,526,429.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of General Motors Company (GM) opened at $42.66 on Friday. General Motors Company has a 12 month low of $31.92 and a 12 month high of $46.76. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54. The firm has a market cap of $60,594.60, a PE ratio of 6.89, a PEG ratio of 0.74 and a beta of 1.56.
General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.25. The firm had revenue of $30.48 billion during the quarter, compared to analysts’ expectations of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. General Motors’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.72 EPS. research analysts expect that General Motors Company will post 6.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Friday, December 8th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.56%. General Motors’s dividend payout ratio is currently 77.95%.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in GM. Waldron LP grew its position in shares of General Motors by 13.6% during the 1st quarter. Waldron LP now owns 8,132 shares of the auto manufacturer’s stock valued at $287,000 after buying an additional 975 shares during the last quarter. TLP Group LLC lifted its stake in shares of General Motors by 134.4% in the 1st quarter. TLP Group LLC now owns 12,500 shares of the auto manufacturer’s stock worth $442,000 after acquiring an additional 7,168 shares during the period. Principal Financial Group Inc. lifted its stake in General Motors by 2.7% during the first quarter. Principal Financial Group Inc. now owns 1,990,751 shares of the auto manufacturer’s stock valued at $70,393,000 after purchasing an additional 51,636 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of General Motors by 715.7% during the first quarter. Wellington Management Group LLP now owns 1,427,554 shares of the auto manufacturer’s stock valued at $50,478,000 after acquiring an additional 1,252,536 shares during the period. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of General Motors by 40.1% during the first quarter. Stratos Wealth Partners LTD. now owns 71,664 shares of the auto manufacturer’s stock valued at $2,534,000 after acquiring an additional 20,518 shares during the period. 74.65% of the stock is owned by institutional investors.
Several brokerages have recently issued reports on GM. Vetr lowered General Motors from a “buy” rating to a “hold” rating and set a $37.42 price objective for the company. in a report on Monday, July 17th. BidaskClub upgraded General Motors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded General Motors from a “hold” rating to a “strong sell” rating in a research report on Monday, July 24th. Royal Bank Of Canada lifted their price target on General Motors from $37.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 26th. Finally, ValuEngine upgraded General Motors from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $43.61.
About General Motors
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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