General Motors (GM) Insider Sells $2,269,935.00 in Stock
General Motors (NYSE:GM) (TSE:GMM.U) insider Barry L. Engle II sold 50,443 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $45.00, for a total value of $2,269,935.00. Following the completion of the transaction, the insider now directly owns 57,091 shares of the company’s stock, valued at approximately $2,569,095. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of General Motors (GM) traded down $0.74 during mid-day trading on Friday, reaching $43.12. The company’s stock had a trading volume of 5,079,067 shares, compared to its average volume of 13,472,517. General Motors has a fifty-two week low of $31.92 and a fifty-two week high of $46.76. 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 capitalization of $61,350.00, a P/E ratio of 9.33, a PEG ratio of 0.81 and a beta of 1.55.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.25. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The business had revenue of $30.48 billion for the quarter, compared to the consensus estimate of $29.93 billion. During the same period in the prior year, the business posted $1.72 earnings per share. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. equities research analysts expect that General Motors will post 6.41 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on GM. Zacks Investment Research raised General Motors from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Piper Jaffray Companies set a $44.00 price objective on General Motors and gave the stock a “buy” rating in a research note on Monday, October 16th. Citigroup reaffirmed a “buy” rating and issued a $53.00 price objective on shares of General Motors in a research note on Monday, October 2nd. Evercore ISI upped their price objective on General Motors from $40.00 to $41.38 in a research note on Friday, December 29th. Finally, Instinet reaffirmed a “buy” rating and issued a $43.00 price objective on shares of General Motors in a research note on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $44.07.
Hedge funds and other institutional investors have recently modified their holdings of the company. YorkBridge Wealth Partners LLC raised its holdings 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 worth $101,000 after buying an additional 860 shares during the period. Fieldpoint Private Securities LLC purchased a new stake in shares of General Motors in the third quarter worth approximately $119,000. Ropes Wealth Advisors LLC raised its holdings 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 worth $161,000 after buying an additional 3,248 shares during the period. Fayez Sarofim & Co. purchased a new stake in shares of General Motors in the third quarter worth approximately $202,000. Finally, Capital Investment Advisory Services LLC purchased a new position in General Motors during the 3rd quarter worth $203,000. Hedge funds and other institutional investors own 73.02% of the company’s stock.
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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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