Traders Sell General Motors (GM) on Strength (GM)

Investors sold shares of General Motors (NYSE:GM) (TSE:GMM.U) on strength during trading on Wednesday. $113.34 million flowed into the stock on the tick-up and $169.66 million flowed out of the stock on the tick-down, for a money net flow of $56.32 million out of the stock. Of all equities tracked, General Motors had the 33rd highest net out-flow for the day. General Motors traded up $0.61 for the day and closed at $39.91

GM has been the topic of several research reports. BMO Capital Markets raised shares of General Motors from a “market perform” rating to an “outperform” rating in a research report on Monday, January 7th. Barclays reaffirmed a “buy” rating and issued a $49.00 price objective on shares of General Motors in a research note on Monday, January 14th. JPMorgan Chase & Co. upped their price target on shares of General Motors from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, November 27th. Citigroup upped their price objective on shares of General Motors from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, November 6th. Finally, Royal Bank of Canada increased their price target on shares of General Motors from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, January 14th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. General Motors has an average rating of “Buy” and an average target price of $46.97.

The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $56.33 billion, a P/E ratio of 5.92, a P/E/G ratio of 0.75 and a beta of 1.26.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Wednesday, February 6th. The auto manufacturer reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.22. General Motors had a return on equity of 24.68% and a net margin of 5.45%. The business had revenue of $38.40 billion for the quarter, compared to analyst estimates of $36.31 billion. During the same quarter in the prior year, the firm posted $1.65 EPS. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. Analysts forecast that General Motors will post 6.28 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Thursday, March 7th. General Motors’s payout ratio is 23.24%.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in General Motors by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 96,849,509 shares of the auto manufacturer’s stock valued at $3,260,923,000 after purchasing an additional 2,699,178 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of General Motors by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 96,849,509 shares of the auto manufacturer’s stock worth $3,260,923,000 after purchasing an additional 2,699,178 shares during the period. Capital World Investors grew its holdings in shares of General Motors by 15.4% during the 3rd quarter. Capital World Investors now owns 83,910,382 shares of the auto manufacturer’s stock worth $2,825,263,000 after purchasing an additional 11,218,495 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in General Motors by 2,701.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,064,309 shares of the auto manufacturer’s stock valued at $1,018,000 after acquiring an additional 32,848,376 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in General Motors by 38.9% during the 3rd quarter. Franklin Resources Inc. now owns 27,084,102 shares of the auto manufacturer’s stock valued at $911,922,000 after acquiring an additional 7,578,850 shares during the period. 75.55% of the stock is owned by institutional investors and hedge funds.

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General Motors Company Profile (NYSE:GM)

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

Further Reading: How Does the Quiet Period Work?

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