General Motors (NYSE:GM) Given Daily Media Impact Score of 0.07
News stories about General Motors (NYSE:GM) (TSE:GMM.U) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. General Motors earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news coverage about the auto manufacturer an impact score of 46.3323305377993 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Investors Purchase High Volume of Call Options on General Motors (GM) (americanbankingnews.com)
- Shell of Old GM Surfaces in Court Fight Over Ignition Flaw – Tampabay.com (tampabay.com)
- General Motors thwarts plaintiffs’ $1 billion accord with old GM trust – The Columbian (columbian.com)
- Increases Stake in General Motors Company (GM) (famososartistas.com)
- General Motors Company (GM) Given a $31.00 Price Target at Berenberg Bank (fishinghd.com)
Several brokerages recently commented on GM. Wolfe Research began coverage on shares of General Motors in a research report on Tuesday, June 13th. They set a “market perform” rating and a $33.00 price objective on the stock. Zacks Investment Research downgraded shares of General Motors from a “hold” rating to a “strong sell” rating in a report on Monday, July 24th. BidaskClub downgraded shares of General Motors from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Guggenheim began coverage on shares of General Motors in a report on Wednesday, June 21st. They set a “neutral” rating and a $37.00 price target on the stock. Finally, Vetr downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $37.42 price target on the stock. in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.26.
Shares of General Motors (NYSE:GM) traded down 0.49% during midday trading on Friday, reaching $34.83. 7,193,463 shares of the company’s stock were exchanged. The company’s 50-day moving average is $35.49 and its 200-day moving average is $35.08. The stock has a market cap of $50.75 billion, a P/E ratio of 6.06 and a beta of 1.45. General Motors has a one year low of $30.13 and a one year high of $38.55. General Motors also was the recipient of some unusual options trading on Wednesday. Traders bought 13,561 call options on the stock. This is an increase of 162% compared to the typical volume of 5,175 call options.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 25th. The auto manufacturer reported $1.89 EPS for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $37.67 billion. During the same period in the prior year, the company earned $1.86 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. Equities analysts expect that General Motors will post $6.13 earnings per share for the current fiscal year.
The company 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 $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Thursday, September 7th. General Motors’s dividend payout ratio is currently 26.48%.
In related news, Director Jane L. Mendillo bought 1,520 shares of the company’s stock in a transaction on Friday, May 26th. The stock was bought at an average cost of $32.92 per share, for a total transaction of $50,038.40. Following the acquisition, the director now directly owns 3,120 shares in the company, valued at $102,710.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Karl-Thomas Neumann sold 46,472 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were 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. Over the last 90 days, insiders sold 377,145 shares of company stock valued at $13,116,886. 0.04% of the stock is owned by company insiders.
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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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