General Motors (NYSE:GM) Short Interest Update

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 32,760,000 shares, a growth of 6.8% from the September 30th total of 30,670,000 shares. Currently, 3.0% of the company's stock are sold short. Based on an average trading volume of 13,670,000 shares, the short-interest ratio is presently 2.4 days.

General Motors Trading Up 0.4 %

GM stock traded up $0.20 during trading on Friday, hitting $50.96. The company had a trading volume of 10,237,965 shares, compared to its average volume of 15,030,153. The firm has a market capitalization of $56.04 billion, a P/E ratio of 5.43, a PEG ratio of 0.39 and a beta of 1.42. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. General Motors has a 52-week low of $26.30 and a 52-week high of $54.29. The company has a 50 day simple moving average of $48.31 and a 200-day simple moving average of $46.46.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.49 by $0.47. The firm had revenue of $48.76 billion during the quarter, compared to analyst estimates of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. General Motors's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.28 earnings per share. As a group, research analysts forecast that General Motors will post 10.34 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, December 6th. General Motors's payout ratio is 5.12%.

Insider Activity at General Motors

In other General Motors news, CEO Mary T. Barra sold 506,824 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total value of $27,028,923.92. Following the transaction, the chief executive officer now directly owns 694,548 shares of the company's stock, valued at approximately $37,040,244.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Rory Harvey sold 2,302 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $47.31, for a total value of $108,907.62. Following the transaction, the executive vice president now owns 10,356 shares of the company's stock, valued at $489,942.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mary T. Barra sold 506,824 shares of the business's stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total value of $27,028,923.92. Following the transaction, the chief executive officer now owns 694,548 shares of the company's stock, valued at approximately $37,040,244.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 531,228 shares of company stock valued at $28,267,714 over the last 90 days. Corporate insiders own 0.72% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Capital World Investors boosted its holdings in shares of General Motors by 14.6% in the 1st quarter. Capital World Investors now owns 48,767,573 shares of the auto manufacturer's stock valued at $2,211,609,000 after buying an additional 6,201,777 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in General Motors by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 12,951,561 shares of the auto manufacturer's stock valued at $601,730,000 after acquiring an additional 135,717 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in General Motors by 9.2% in the second quarter. Dimensional Fund Advisors LP now owns 12,922,021 shares of the auto manufacturer's stock worth $600,291,000 after purchasing an additional 1,091,137 shares during the last quarter. LSV Asset Management increased its position in shares of General Motors by 2.6% during the second quarter. LSV Asset Management now owns 8,847,440 shares of the auto manufacturer's stock worth $411,052,000 after purchasing an additional 223,260 shares in the last quarter. Finally, ACR Alpine Capital Research LLC lifted its holdings in shares of General Motors by 8.4% during the 1st quarter. ACR Alpine Capital Research LLC now owns 6,337,547 shares of the auto manufacturer's stock valued at $287,408,000 after purchasing an additional 492,693 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GM. DZ Bank downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $49.00 price objective on the stock. in a research report on Friday, October 11th. Sanford C. Bernstein upped their price objective on General Motors from $53.00 to $55.00 and gave the stock a "market perform" rating in a research note on Friday, October 25th. The Goldman Sachs Group lifted their target price on General Motors from $53.00 to $61.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Wolfe Research initiated coverage on General Motors in a research note on Thursday, September 5th. They issued a "peer perform" rating for the company. Finally, UBS Group lifted their price objective on shares of General Motors from $58.00 to $62.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $56.92.

General Motors Company Profile

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.