Traders Sell Shares of General Motors Company (GM) on Strength (GM)
Traders sold shares of General Motors Company (NYSE:GM) (TSE:GMM.U) on strength during trading on Tuesday. $62.21 million flowed into the stock on the tick-up and $163.69 million flowed out of the stock on the tick-down, for a money net flow of $101.48 million out of the stock. Of all companies tracked, General Motors had the 0th highest net out-flow for the day. General Motors traded up $0.09 for the day and closed at $44.97
GM has been the topic of several analyst reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $44.00 target price on shares of General Motors in a research note on Tuesday, September 12th. Vetr lowered General Motors from a “buy” rating to a “hold” rating and set a $43.99 target price on the stock. in a research note on Monday, November 13th. Citigroup Inc. reiterated a “buy” rating and issued 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 General Motors and gave the company a “sell” rating in a research note on Monday, August 14th. Finally, Standpoint Research lowered General Motors from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $43.61.
The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94. The stock has a market cap of $63,875.75, a PE ratio of 7.26, a price-to-earnings-growth ratio of 0.78 and a beta of 1.56.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.25. The company had revenue of $30.48 billion during the quarter, compared to analysts’ expectations of $29.93 billion. General Motors had a return on equity of 20.95% and a net margin of 2.00%. General Motors’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period last year, the business earned $1.72 earnings per share. equities analysts anticipate that General Motors Company will post 6.24 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, December 8th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.43%. The ex-dividend date is Thursday, December 7th. General Motors’s dividend payout ratio is currently 77.95%.
In other news, CAO Thomas S. Timko sold 44,791 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $44.46, for a total value of $1,991,407.86. Following the completion of the sale, the chief accounting officer now directly owns 66,838 shares in the company, valued at $2,971,617.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Daniel Ammann sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $38.00, for a total value of $1,900,000.00. Following the completion of the sale, the president now owns 185,953 shares of the company’s stock, valued at $7,066,214. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 971,122 shares of company stock valued at $40,627,952. 0.04% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC increased its position in shares of General Motors by 43.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock valued at $101,000 after buying an additional 860 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new stake in shares of General Motors in the third quarter valued at approximately $119,000. State of Alaska Department of Revenue increased its position in shares of General Motors by 10.5% in 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 buying an additional 310 shares in the last quarter. Ffcm LLC increased its position in shares of General Motors by 2,008.1% in the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock valued at $120,000 after buying an additional 3,213 shares in the last quarter. Finally, Ropes Wealth Advisors LLC increased its position in shares of General Motors by 240.2% in the second quarter. Ropes Wealth Advisors LLC now owns 4,600 shares of the auto manufacturer’s stock valued at $161,000 after buying an additional 3,248 shares in the last quarter. Institutional investors and hedge funds own 73.50% of the company’s stock.
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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