General Motors Company (NYSE:GM) (TSE:GMM.U) CAO Thomas S. Timko sold 44,791 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $44.46, for a total value of $1,991,407.86. Following the completion of the transaction, the chief accounting officer now directly owns 66,838 shares of the company’s stock, valued at approximately $2,971,617.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
General Motors Company (NYSE GM) opened at $42.66 on Friday. The firm has a market cap of $60,594.60, a P/E ratio of 6.89, a price-to-earnings-growth ratio of 0.74 and a beta of 1.56. 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 12 month low of $31.92 and a 12 month high of $46.76.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly 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 company had revenue of $30.48 billion for the quarter, compared to analyst estimates of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. General Motors’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.72 EPS. equities research analysts expect that General Motors Company will post 6.24 earnings per share for the current year.
The company 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 dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, December 7th. General Motors’s dividend payout ratio is currently 77.95%.
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Several brokerages recently weighed in 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 raised General Motors from a “buy” rating to a “strong-buy” rating in a research note 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.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Intrust Bank NA raised its stake in shares of General Motors by 0.3% in the 2nd quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock valued at $250,000 after buying an additional 25 shares in the last quarter. IFC Holdings Incorporated FL increased its position in shares of General Motors by 0.3% during the 2nd quarter. IFC Holdings Incorporated FL now owns 32,119 shares of the auto manufacturer’s stock worth $1,120,000 after purchasing an additional 88 shares in the last quarter. Rehmann Capital Advisory Group increased its position in shares of General Motors by 1.8% during the 2nd quarter. Rehmann Capital Advisory Group now owns 6,583 shares of the auto manufacturer’s stock worth $230,000 after purchasing an additional 115 shares in the last quarter. Alpha Windward LLC increased its position in shares of General Motors by 2.3% during the 2nd quarter. Alpha Windward LLC now owns 5,542 shares of the auto manufacturer’s stock worth $194,000 after purchasing an additional 125 shares in the last quarter. Finally, Heritage Investors Management Corp increased its position in General Motors by 0.3% in the 2nd quarter. Heritage Investors Management Corp now owns 49,657 shares of the auto manufacturer’s stock valued at $1,735,000 after acquiring an additional 130 shares in the last quarter. 74.65% of the stock is owned by institutional investors and hedge funds.
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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