General Motors (GM) Insider Sells $1,292,700.00 in Stock

General Motors (NYSE:GM) (TSE:GMM.U) insider Mark L. Reuss sold 30,000 shares of General Motors stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $43.09, for a total value of $1,292,700.00. Following the completion of the sale, the insider now owns 103,052 shares of the company’s stock, valued at $4,440,510.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

General Motors (NYSE GM) traded down $0.13 during trading hours on Friday, hitting $44.01. The stock had a trading volume of 9,519,935 shares, compared to its average volume of 12,086,084. General Motors has a fifty-two week low of $31.92 and a fifty-two week high of $46.76. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.94 and a quick ratio of 0.79. The company has a market cap of $62,510.00, a PE ratio of 9.53, a PEG ratio of 0.80 and a beta of 1.55.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share 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 business had revenue of $30.48 billion for the quarter, compared to analysts’ expectations of $29.93 billion. During the same quarter in the previous year, the business posted $1.72 EPS. General Motors’s revenue for the quarter was down 16.6% on a year-over-year basis. equities analysts anticipate that General Motors will post 6.25 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Friday, December 8th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Thursday, December 7th. General Motors’s dividend payout ratio (DPR) is presently 32.90%.

A number of brokerages recently commented on GM. Morgan Stanley lowered General Motors from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $46.48 to $43.00 in a research report on Wednesday, October 25th. Royal Bank of Canada boosted their target price on General Motors from $44.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 25th. Craig Hallum set a $45.00 target price on General Motors and gave the stock a “hold” rating in a research report on Wednesday, October 25th. BMO Capital Markets upgraded General Motors to a “market perform” rating and boosted their target price for the stock from $41.00 to $48.00 in a research report on Wednesday, October 25th. Finally, Deutsche Bank boosted their target price on General Motors from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. General Motors has an average rating of “Hold” and a consensus price target of $43.63.

Several large investors have recently added to or reduced their stakes in the company. QUANTRES ASSET MANAGEMENT Ltd bought a new position in shares of General Motors during the 4th quarter valued at about $1,763,000. Prudential Financial Inc. lifted its stake in General Motors by 10.6% in the 3rd quarter. Prudential Financial Inc. now owns 5,129,445 shares of the auto manufacturer’s stock valued at $207,126,000 after acquiring an additional 493,220 shares in the last quarter. Atlantic Trust Group LLC lifted its stake in General Motors by 30.0% in the 3rd quarter. Atlantic Trust Group LLC now owns 76,284 shares of the auto manufacturer’s stock valued at $3,080,000 after acquiring an additional 17,604 shares in the last quarter. AustralianSuper Pty Ltd bought a new stake in General Motors in the 3rd quarter valued at approximately $24,688,000. Finally, Parametric Portfolio Associates LLC lifted its stake in General Motors by 2.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 4,225,357 shares of the auto manufacturer’s stock valued at $170,620,000 after acquiring an additional 114,679 shares in the last quarter. Institutional investors and hedge funds own 73.01% of the company’s stock.

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General Motors Company Profile

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.

Insider Buying and Selling by Quarter for General Motors (NYSE:GM)

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