General Motors Company (GM) Insider Alan S. Batey Sells 8,144 Shares
General Motors Company (NYSE:GM) (TSE:GMM.U) insider Alan S. Batey sold 8,144 shares of General Motors stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $35.57, for a total transaction of $289,682.08. Following the sale, the insider now owns 66,748 shares of the company’s stock, valued at approximately $2,374,226.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of General Motors Company (NYSE:GM) traded down 2.10% on Thursday, reaching $35.00. 7,274,317 shares of the company’s stock were exchanged. General Motors Company has a 52-week low of $30.13 and a 52-week high of $38.55. The company’s 50 day moving average price is $35.48 and its 200-day moving average price is $35.09. The stock has a market cap of $51.00 billion, a P/E ratio of 6.08 and a beta of 1.45. General Motors also saw unusually large options trading on Wednesday. Stock investors purchased 13,561 call options on the company. This represents an increase of 162% compared to the average volume of 5,175 call options.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The company had revenue of $36.98 billion for the quarter, compared to analysts’ expectations of $37.67 billion. During the same period last year, the business earned $1.86 EPS. General Motors’s quarterly revenue was down 1.1% compared to the same quarter last year. Equities analysts forecast that General Motors Company will post $6.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Thursday, September 7th. General Motors’s dividend payout ratio is currently 26.48%.
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Institutional investors have recently modified their holdings of the company. Berkshire Hathaway Inc. boosted its position in shares of General Motors by 20.0% in the second quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock valued at $2,095,800,000 after buying an additional 10,000,000 shares during the period. Janus Henderson Group PLC boosted its position in shares of General Motors by 290.9% in the second quarter. Janus Henderson Group PLC now owns 10,247,171 shares of the auto manufacturer’s stock valued at $357,944,000 after buying an additional 7,625,809 shares during the period. Clearbridge Investments LLC boosted its position in shares of General Motors by 26,374.8% in the first quarter. Clearbridge Investments LLC now owns 3,970,423 shares of the auto manufacturer’s stock valued at $140,394,000 after buying an additional 3,955,426 shares during the period. Vanguard Group Inc. boosted its position in shares of General Motors by 4.0% in the second quarter. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer’s stock valued at $3,262,952,000 after buying an additional 3,560,717 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of General Motors by 129.2% in the first quarter. Prudential Financial Inc. now owns 6,068,335 shares of the auto manufacturer’s stock valued at $214,576,000 after buying an additional 3,420,200 shares during the period. Institutional investors own 75.56% of the company’s stock.
Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of General Motors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Vetr cut shares of General Motors from a “buy” rating to a “hold” rating and set a $37.42 price target for the company. in a research report on Monday, July 17th. Zacks Investment Research cut shares of General Motors from a “hold” rating to a “strong sell” rating in a research report on Monday, July 24th. Royal Bank Of Canada reiterated a “hold” rating and set a $37.00 price target on shares of General Motors in a research report on Friday, July 14th. Finally, ValuEngine upgraded shares of General Motors from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $39.26.
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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