General Motors (GM) EVP Sells $1,627,388.07 in Stock
General Motors (NYSE:GM) (TSE:GMM.U) EVP Stefan Jacoby sold 37,961 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $42.87, for a total transaction of $1,627,388.07. Following the sale, the executive vice president now owns 98,340 shares in the company, valued at approximately $4,215,835.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
General Motors (GM) traded down $0.65 during trading hours on Thursday, hitting $42.15. The company had a trading volume of 12,868,400 shares, compared to its average volume of 13,472,148. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94. General Motors has a fifty-two week low of $31.92 and a fifty-two week high of $46.76. The firm has a market capitalization of $60,130.00, a PE ratio of 6.91, a price-to-earnings-growth ratio of 0.74 and a beta of 1.54.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.25. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The firm had revenue of $30.48 billion for the quarter, compared to analysts’ expectations of $29.93 billion. During the same quarter in the prior year, the firm posted $1.72 earnings per share. General Motors’s revenue for the quarter was down 16.6% compared to the same quarter last year. equities research analysts expect that General Motors will post 6.24 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of GM. Intrust Bank NA grew its position in shares of General Motors by 0.3% in the second quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock valued at $250,000 after purchasing an additional 25 shares during the last quarter. IFC Holdings Incorporated FL raised its stake in shares of General Motors by 0.3% in the second quarter. IFC Holdings Incorporated FL now owns 32,119 shares of the auto manufacturer’s stock valued at $1,120,000 after acquiring an additional 88 shares during the last quarter. Peapack Gladstone Financial Corp raised its stake in shares of General Motors by 2.7% in the second quarter. Peapack Gladstone Financial Corp now owns 6,428 shares of the auto manufacturer’s stock valued at $225,000 after acquiring an additional 166 shares during the last quarter. Pineno Levin & Ford Asset Management Inc. raised its stake in shares of General Motors by 0.3% in the second quarter. Pineno Levin & Ford Asset Management Inc. now owns 88,679 shares of the auto manufacturer’s stock valued at $3,098,000 after acquiring an additional 305 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of General Motors by 10.5% in the second quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock valued at $113,000 after acquiring an additional 310 shares during the last quarter. 73.06% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently issued reports on GM shares. Deutsche Bank restated a “buy” rating on shares of General Motors in a research report on Friday, November 17th. Piper Jaffray Companies restated a “buy” rating and set a $44.00 price target on shares of General Motors in a research note on Tuesday, September 12th. Goldman Sachs Group lowered General Motors from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $43.16 to $32.00 in a research note on Monday, October 30th. Royal Bank Of Canada upped their target price on General Motors from $44.00 to $51.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 25th. Finally, Barclays upgraded General Motors from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $41.00 to $55.00 in a research report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $43.70.
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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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