General Motors (NYSE:GM - Get Free Report) TSE: GMM.U President Mark L. Reuss sold 122,283 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the sale, the president now directly owns 126,907 shares in the company, valued at approximately $7,000,190.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
General Motors Stock Performance
Shares of NYSE GM traded up $0.19 during midday trading on Friday, hitting $55.58. 10,247,531 shares of the company's stock were exchanged, compared to its average volume of 12,516,410. General Motors has a 12 month low of $26.30 and a 12 month high of $56.08. The company's 50 day moving average price is $48.81 and its 200 day moving average price is $46.87. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $61.12 billion, a PE ratio of 5.93, a price-to-earnings-growth ratio of 0.42 and a beta of 1.40.
General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating the consensus estimate of $2.49 by $0.47. The firm had revenue of $48.76 billion for the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The company's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.28 earnings per share. As a group, analysts predict that General Motors will post 10.34 earnings per share for the current fiscal year.
General Motors Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, December 6th. General Motors's dividend payout ratio is presently 5.12%.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. DZ Bank lowered shares of General Motors from a "buy" rating to a "hold" rating and set a $49.00 price objective on the stock. in a report on Friday, October 11th. Wolfe Research began coverage on General Motors in a research note on Thursday, September 5th. They issued a "peer perform" rating on the stock. Wells Fargo & Company upped their price objective on General Motors from $33.00 to $38.00 and gave the stock an "underweight" rating in a research report on Wednesday, October 23rd. UBS Group lifted their target price on General Motors from $58.00 to $62.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Finally, Nomura downgraded General Motors from a "neutral" rating to a "reduce" rating and set a $34.00 price target for the company. in a research report on Monday, August 5th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, General Motors has a consensus rating of "Hold" and an average price target of $56.92.
Get Our Latest Research Report on GM
Hedge Funds Weigh In On General Motors
A number of large investors have recently made changes to their positions in the company. Norden Group LLC bought a new stake in General Motors in the 1st quarter valued at about $493,000. Larson Financial Group LLC boosted its stake in shares of General Motors by 16.5% in the first quarter. Larson Financial Group LLC now owns 2,086 shares of the auto manufacturer's stock valued at $95,000 after buying an additional 296 shares during the period. Csenge Advisory Group grew its position in General Motors by 6.1% during the first quarter. Csenge Advisory Group now owns 9,661 shares of the auto manufacturer's stock worth $438,000 after buying an additional 559 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in General Motors by 47.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,631 shares of the auto manufacturer's stock worth $210,000 after acquiring an additional 1,494 shares during the period. Finally, Manchester Capital Management LLC raised its holdings in General Motors by 77.2% in the 1st quarter. Manchester Capital Management LLC now owns 3,195 shares of the auto manufacturer's stock valued at $145,000 after acquiring an additional 1,392 shares in the last quarter. Institutional investors own 92.67% of the company's stock.
About General Motors
(
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General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.
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