General Motors Company (NYSE:GM) (TSE:GMM.U) EVP Nysschen Carel J. De sold 123,645 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $44.59, for a total value of $5,513,330.55. Following the transaction, the executive vice president now directly owns 150,484 shares of the company’s stock, valued at approximately $6,710,081.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of General Motors Company (NYSE:GM) opened at $42.66 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.94 and a quick ratio of 0.79. General Motors Company has a 1 year low of $31.92 and a 1 year high of $46.76. 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 announced its quarterly earnings data 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. The business 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 prior year, the firm earned $1.72 EPS. equities research analysts forecast that General Motors Company will post 6.24 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Friday, December 8th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.56%. General Motors’s dividend payout ratio (DPR) is 77.95%.
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Institutional investors have recently modified their holdings of the business. Ropes Wealth Advisors LLC boosted its stake in General Motors by 52.2% during the 3rd quarter. Ropes Wealth Advisors LLC now owns 7,000 shares of the auto manufacturer’s stock worth $283,000 after acquiring an additional 2,400 shares during the last quarter. Twin Capital Management Inc. lifted its stake in General Motors by 12.4% in the third quarter. Twin Capital Management Inc. now owns 232,490 shares of the auto manufacturer’s stock valued at $9,388,000 after buying an additional 25,610 shares in the last quarter. Cadence Capital Management LLC raised its holdings in shares of General Motors by 19.9% in the third quarter. Cadence Capital Management LLC now owns 194,980 shares of the auto manufacturer’s stock valued at $7,873,000 after purchasing an additional 32,386 shares during the last quarter. Dai Ichi Life Insurance Company Ltd raised its holdings in shares of General Motors by 29.1% in the third quarter. Dai Ichi Life Insurance Company Ltd now owns 133,112 shares of the auto manufacturer’s stock valued at $5,375,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of General Motors by 4.5% in the third quarter. Schroder Investment Management Group now owns 427,214 shares of the auto manufacturer’s stock valued at $17,336,000 after purchasing an additional 18,371 shares during the last quarter. 74.65% of the stock is owned by hedge funds and other 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 issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price 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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