General Motors Company (GM) Insider Sells $450,000.00 in Stock
General Motors Company (NYSE:GM) (TSE:GMM.U) insider Alicia S. Boler-Davis sold 10,000 shares of General Motors stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $45.00, for a total value of $450,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of General Motors Company (GM) traded down 0.26% during mid-day trading on Tuesday, reaching $45.21. The company’s stock had a trading volume of 14,028,075 shares. The firm has a market capitalization of $65.88 billion, a P/E ratio of 7.86 and a beta of 1.44. General Motors Company has a 12 month low of $30.21 and a 12 month high of $45.43. The company has a 50 day moving average of $38.79 and a 200-day moving average of $35.62.
General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 EPS for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.17. The business had revenue of $36.98 billion for the quarter, compared to analyst estimates of $37.67 billion. General Motors had a return on equity of 22.45% and a net margin of 5.38%. General Motors’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.86 EPS. Equities research analysts forecast that General Motors Company will post $6.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.36%. General Motors’s dividend payout ratio (DPR) is presently 26.48%.
GM has been the topic of several analyst reports. BidaskClub upgraded General Motors from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. ValuEngine upgraded General Motors from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. Piper Jaffray Companies restated a “buy” rating and set a $44.00 price objective on shares of General Motors in a report on Tuesday, September 12th. Royal Bank Of Canada restated a “hold” rating and set a $37.00 price objective on shares of General Motors in a report on Friday, July 14th. Finally, Vetr downgraded General Motors from a “buy” rating to a “hold” rating and set a $37.42 price objective on the stock. in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $41.35.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Berkshire Hathaway Inc. boosted its position in General Motors by 20.0% in the 2nd 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 last quarter. Janus Henderson Group PLC boosted its position in General Motors by 290.9% in the 2nd 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 last quarter. Clearbridge Investments LLC boosted its position in General Motors by 26,374.8% in the 1st 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 last quarter. Vanguard Group Inc. boosted its position in General Motors by 4.0% in the 2nd 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 last quarter. Finally, Prudential Financial Inc. boosted its position in General Motors by 129.2% in the 1st 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 last quarter. Institutional investors and hedge funds own 72.22% of the company’s stock.
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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