General Motors (NYSE:GM) (TSE:GMM.U) CFO Charles K. Stevens III sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $40.88, for a total transaction of $1,430,800.00. Following the completion of the sale, the chief financial officer now owns 26,052 shares of the company’s stock, valued at $1,065,005.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
General Motors (GM) traded down $0.60 during midday trading on Tuesday, hitting $41.40. 8,926,849 shares of the stock were exchanged, compared to its average volume of 14,380,000. General Motors has a twelve month low of $31.92 and a twelve month high of $46.76. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $58,800.00, a PE ratio of -1,380.00, a P/E/G ratio of 0.66 and a beta of 1.59.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.31. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. The business had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $34.28 billion. During the same period in the previous year, the company posted $1.28 earnings per share. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. equities analysts forecast that General Motors will post 6.24 earnings per share for the current fiscal year.
Several research firms have issued reports on GM. Deutsche Bank boosted their price objective on shares of General Motors from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. BMO Capital Markets upgraded shares of General Motors to a “market perform” rating and boosted their price objective for the stock from $41.00 to $48.00 in a research note on Wednesday, October 25th. Craig Hallum set a $45.00 price objective on shares of General Motors and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Royal Bank of Canada boosted their price objective on shares of General Motors from $44.00 to $51.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 25th. Finally, Morgan Stanley downgraded shares of General Motors from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $46.48 to $43.00 in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. General Motors currently has an average rating of “Hold” and a consensus target price of $44.32.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Icon Wealth Partners LLC acquired a new position in shares of General Motors during the fourth quarter worth $106,000. Fieldpoint Private Securities LLC acquired a new position in shares of General Motors during the third quarter worth $119,000. Cerebellum GP LLC acquired a new position in shares of General Motors during the fourth quarter worth $123,000. Independence Bank of Kentucky acquired a new position in shares of General Motors during the fourth quarter worth $129,000. Finally, Stumpf Capital Management LLC acquired a new stake in General Motors in the fourth quarter valued at $131,000. 73.38% of the stock is currently owned by institutional investors and hedge funds.
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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.
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