General Motors Company (GM) President Sells $1,900,000.00 in Stock
General Motors Company (NYSE:GM) (TSE:GMM.U) President Daniel Ammann sold 50,000 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $38.00, for a total transaction of $1,900,000.00. Following the transaction, the president now directly owns 185,953 shares in the company, valued at approximately $7,066,214. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Daniel Ammann also recently made the following trade(s):
- On Monday, July 31st, Daniel Ammann sold 40,000 shares of General Motors stock. The shares were sold at an average price of $36.00, for a total transaction of $1,440,000.00.
General Motors Company (GM) traded up 0.23% during trading on Friday, hitting $38.88. 25,353,924 shares of the stock traded hands. The stock has a market cap of $56.66 billion, a P/E ratio of 6.76 and a beta of 1.44. General Motors Company has a 52-week low of $30.21 and a 52-week high of $39.18. The stock has a 50 day moving average price of $35.95 and a 200-day moving average price of $35.09.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.17. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The business had revenue of $36.98 billion for the quarter, compared to the consensus estimate of $37.67 billion. During the same period in the prior year, the business earned $1.86 earnings per share. The business’s revenue was down 1.1% on a year-over-year basis. On average, analysts anticipate that General Motors Company will post $6.13 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.52 annualized dividend and a yield of 3.91%. General Motors’s dividend payout ratio (DPR) is presently 26.48%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GM. State of Alaska Department of Revenue purchased a new position in General Motors during the first quarter worth about $103,000. Waldron LP lifted its position in General Motors by 13.6% during the first quarter. Waldron LP now owns 8,132 shares of the auto manufacturer’s stock worth $287,000 after buying an additional 975 shares during the period. FTB Advisors Inc. lifted its position in General Motors by 17.0% during the first quarter. FTB Advisors Inc. now owns 62,457 shares of the auto manufacturer’s stock worth $2,188,000 after buying an additional 9,061 shares during the period. DekaBank Deutsche Girozentrale lifted its position in General Motors by 13.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 720,197 shares of the auto manufacturer’s stock worth $25,583,000 after buying an additional 82,858 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in General Motors by 34.5% during the first quarter. Daiwa Securities Group Inc. now owns 488,800 shares of the auto manufacturer’s stock worth $17,284,000 after buying an additional 125,300 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.
GM has been the subject of several research analyst reports. Buckingham Research reaffirmed a “hold” rating on shares of General Motors in a research report on Thursday, August 24th. Wolfe Research initiated coverage on shares of General Motors in a research report on Tuesday, June 13th. They issued a “market perform” rating and a $33.00 target price for the company. 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. BidaskClub cut shares of General Motors from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Guggenheim initiated coverage on shares of General Motors in a research report on Wednesday, June 21st. They issued a “neutral” rating and a $37.00 target price for the company. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. General Motors currently has a consensus rating of “Buy” and a consensus price target of $38.97.
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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