General Motors Company (GM) Insider Alicia S. Boler-Davis Sells 10,000 Shares
General Motors Company (NYSE:GM) (TSE:GMM.U) insider Alicia S. Boler-Davis sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $40.90, for a total value of $409,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
General Motors Company (GM) traded up 0.76% during mid-day trading on Wednesday, hitting $43.78. The company’s stock had a trading volume of 13,458,658 shares. The firm’s 50-day moving average is $37.74 and its 200-day moving average is $35.33. General Motors Company has a 12-month low of $30.21 and a 12-month high of $43.94. The company has a market cap of $63.80 billion, a P/E ratio of 7.61 and a beta of 1.45.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, July 25th. The auto manufacturer reported $1.89 EPS for the quarter, beating the 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 firm had revenue of $36.98 billion during the quarter, compared to analyst estimates of $37.67 billion. During the same quarter in the prior year, the business posted $1.86 EPS. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. Analysts predict that General Motors Company will post $6.13 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.47%. General Motors’s dividend payout ratio is presently 26.48%.
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Several institutional investors and hedge funds have recently modified their holdings of the company. Intrust Bank NA lifted its holdings in shares of General Motors by 0.3% during the 2nd 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 lifted its holdings in shares of General Motors by 0.3% during the 2nd quarter. IFC Holdings Incorporated FL now owns 32,119 shares of the auto manufacturer’s stock valued at $1,120,000 after purchasing an additional 88 shares during the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of General Motors by 1.8% during the 2nd quarter. Rehmann Capital Advisory Group now owns 6,583 shares of the auto manufacturer’s stock valued at $230,000 after purchasing an additional 115 shares during the last quarter. Alpha Windward LLC lifted its holdings in shares of General Motors by 2.3% during the 2nd quarter. Alpha Windward LLC now owns 5,542 shares of the auto manufacturer’s stock valued at $194,000 after purchasing an additional 125 shares during the last quarter. Finally, Heritage Investors Management Corp lifted its holdings in shares of General Motors by 0.3% during the 2nd quarter. Heritage Investors Management Corp now owns 49,657 shares of the auto manufacturer’s stock valued at $1,735,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.
Several research firms have weighed in on GM. Vetr upgraded General Motors to a “strong-buy” rating in a report on Friday, June 9th. Berenberg Bank reiterated a “sell” rating and issued a $31.00 price objective on shares of General Motors in a report on Tuesday, June 13th. Wolfe Research began coverage on General Motors in a report on Tuesday, June 13th. They issued a “market perform” rating and a $33.00 price objective for the company. Jefferies Group LLC reiterated a “buy” rating and issued a $36.00 price objective on shares of General Motors in a report on Tuesday, June 13th. Finally, BidaskClub upgraded General Motors from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company’s stock. General Motors currently has a consensus rating of “Buy” and an average price target of $40.41.
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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