Investors Sell Shares of General Motors Company (GM) on Strength (GM)
Investors sold shares of General Motors Company (NYSE:GM) (TSE:GMM.U) on strength during trading hours on Monday. $75.32 million flowed into the stock on the tick-up and $155.33 million flowed out of the stock on the tick-down, for a money net flow of $80.01 million out of the stock. Of all equities tracked, General Motors had the 8th highest net out-flow for the day. General Motors traded up $1.00 for the day and closed at $44.88
GM has been the subject of a number of analyst reports. Piper Jaffray Companies reissued a “buy” rating and set a $44.00 target price on shares of General Motors in a research note on Tuesday, September 12th. Vetr lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $43.99 target price for the company. in a research note on Monday, November 13th. Citigroup Inc. reissued a “buy” rating and set a $53.00 target price on shares of General Motors in a research note on Monday, October 2nd. Berenberg Bank set a $31.00 target price on shares of General Motors and gave the company a “sell” rating in a research note on Monday, August 14th. Finally, Standpoint Research lowered shares of General Motors from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. General Motors has an average rating of “Hold” and a consensus target price of $43.61.
The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $63,750.00, a price-to-earnings ratio of 7.09, a PEG ratio of 0.76 and a beta of 1.56.
General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.25. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The business had revenue of $30.48 billion for the quarter, compared to analyst estimates of $29.93 billion. During the same quarter in the previous year, the business earned $1.72 earnings per share. The firm’s revenue was down 16.6% compared to the same quarter last year. sell-side analysts expect that General Motors Company will post 6.24 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Friday, December 8th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.39%. General Motors’s dividend payout ratio is currently 32.90%.
In related news, EVP Nysschen Carel J. De sold 123,645 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $44.59, for a total transaction of $5,513,330.55. Following the transaction, the executive vice president now directly owns 150,484 shares of the company’s stock, valued at $6,710,081.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas S. Timko sold 44,791 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $44.46, for a total transaction of $1,991,407.86. Following the transaction, the chief accounting officer now directly owns 66,838 shares in the company, valued at $2,971,617.48. The disclosure for this sale can be found here. Insiders have sold 971,122 shares of company stock worth $40,627,952 in the last 90 days. 0.04% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC grew its position in General Motors by 43.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock valued at $101,000 after purchasing an additional 860 shares in the last quarter. State of Alaska Department of Revenue grew its position in General Motors by 10.5% during 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 purchasing an additional 310 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in General Motors during the third quarter valued at approximately $119,000. Ffcm LLC grew its position in General Motors by 2,008.1% during the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock valued at $120,000 after purchasing an additional 3,213 shares in the last quarter. Finally, Ropes Wealth Advisors LLC grew its position in General Motors by 240.2% during the second quarter. Ropes Wealth Advisors LLC now owns 4,600 shares of the auto manufacturer’s stock valued at $161,000 after purchasing an additional 3,248 shares in the last quarter. 73.50% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for General Motors Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors Company and related companies with Analyst Ratings Network's FREE daily email newsletter.