General Motors (NYSE:GM) Receiving Somewhat Positive News Coverage, Study Finds
Headlines about General Motors (NYSE:GM) (TSE:GMM.U) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. General Motors earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media coverage about the auto manufacturer an impact score of 46.0769593871465 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Cadillacs Shine for General Motors in China While Ford’s Sales Stall (fool.com)
- Artemis Investment Management LLP Sells A Lot More General … – Modern Readers (modernreaders.com)
- California mulls larger rebates for electric car buyers (feeds.bizjournals.com)
- General Motors Company’s Bolt Deliveries Jump in July | Business … – Madison.com (host.madison.com)
- General Motors Company's Bolt Deliveries Jump in July (finance.yahoo.com)
Shares of General Motors (NYSE GM) traded down 0.31% on Wednesday, hitting $35.28. The stock had a trading volume of 8,260,469 shares. The firm has a 50 day moving average price of $35.24 and a 200 day moving average price of $35.21. General Motors has a one year low of $30.13 and a one year high of $38.55. The company has a market capitalization of $51.41 billion, a P/E ratio of 6.13 and a beta of 1.45. General Motors also saw some unusual options trading on Tuesday. Traders acquired 16,324 put options on the company. This is an increase of approximately 237% compared to the typical daily volume of 4,840 put options.
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, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.17. The business had revenue of $36.98 billion for the quarter, compared to the consensus estimate of $37.67 billion. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.86 EPS. On average, equities research analysts predict that General Motors will post $6.14 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.31%. The ex-dividend date is Thursday, September 7th. General Motors’s payout ratio is presently 26.48%.
GM has been the topic of several recent analyst reports. UBS AG reaffirmed a “buy” rating and set a $40.00 target price (up previously from $38.00) on shares of General Motors in a research note on Friday, April 14th. Nomura reaffirmed a “buy” rating and set a $47.00 target price on shares of General Motors in a research note on Tuesday, May 2nd. BMO Capital Markets reaffirmed a “market perform” rating on shares of General Motors in a research note on Wednesday, May 3rd. Buckingham Research reaffirmed a “neutral” rating on shares of General Motors in a research note on Friday, June 2nd. Finally, Vetr raised General Motors to a “strong-buy” rating in a research note on Friday, June 9th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.38.
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In other General Motors news, Director Jane L. Mendillo acquired 1,520 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were acquired at an average price of $32.92 per share, with a total value of $50,038.40. Following the purchase, the director now owns 3,120 shares of the company’s stock, valued at approximately $102,710.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Karl-Thomas Neumann sold 46,472 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $32.84, for a total value of $1,526,140.48. The disclosure for this sale can be found here. Insiders have sold a total of 369,001 shares of company stock worth $12,827,204 in the last ninety days. 0.04% of the stock is currently owned by company insiders.
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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