General Motors Company (GM) Director Jane L. Mendillo Purchases 1,440 Shares
General Motors Company (NYSE:GM) (TSE:GMM.U) Director Jane L. Mendillo purchased 1,440 shares of General Motors stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average price of $34.86 per share, with a total value of $50,198.40. Following the transaction, the director now owns 4,560 shares in the company, valued at $158,961.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
General Motors Company (NYSE GM) traded up 1.12% during mid-day trading on Tuesday, hitting $35.30. 7,815,068 shares of the stock traded hands. General Motors Company has a 12-month low of $30.13 and a 12-month high of $38.55. The firm’s 50-day moving average is $35.49 and its 200-day moving average is $35.05. The company has a market cap of $51.44 billion, a price-to-earnings ratio of 6.14 and a beta of 1.45.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. The business had revenue of $36.98 billion during the quarter, compared to analyst estimates of $37.67 billion. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The company’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.86 earnings per share. Equities research analysts expect that General Motors Company will post $6.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Thursday, September 7th. General Motors’s dividend payout ratio is presently 26.48%.
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Several institutional investors have recently bought and sold shares of GM. Berkshire Hathaway Inc. increased its stake in General Motors by 20.0% in the second quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock worth $2,095,800,000 after buying an additional 10,000,000 shares during the last quarter. Janus Henderson Group PLC increased its stake in 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 worth $357,944,000 after buying an additional 7,625,809 shares during the last quarter. Clearbridge Investments LLC increased its stake in 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 worth $140,394,000 after buying an additional 3,955,426 shares during the last quarter. Vanguard Group Inc. increased its stake in General Motors by 4.0% in the second quarter. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer’s stock worth $3,262,952,000 after buying an additional 3,560,717 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in General Motors by 129.2% in the first quarter. Prudential Financial Inc. now owns 6,068,335 shares of the auto manufacturer’s stock worth $214,576,000 after buying an additional 3,420,200 shares during the last quarter. 75.56% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently weighed in 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 downgraded 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 downgraded 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 restated 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 analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. General Motors has an average rating of “Buy” and an average price target 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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