General Motors Company (NYSE:GM) (TSE:GMM.U) VP Thomas S. Timko sold 17,255 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $35.79, for a total value of $617,556.45. Following the completion of the transaction, the vice president now owns 26,100 shares of the company’s stock, valued at approximately $934,119. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of General Motors Company (NYSE:GM) traded down 0.49% during midday trading on Friday, hitting $34.83. The company had a trading volume of 7,193,463 shares. The company’s 50 day moving average is $35.49 and its 200 day moving average is $35.08. General Motors Company has a one year low of $30.13 and a one year high of $38.55. The firm has a market cap of $50.75 billion, a price-to-earnings ratio of 6.06 and a beta of 1.45. General Motors also was the target of unusually large options trading on Wednesday. Stock investors purchased 13,561 call options on the company. This is an increase of 162% compared to the average daily volume of 5,175 call options.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $36.98 billion during the quarter, compared to analysts’ expectations of $37.67 billion. During the same period in the prior year, the firm posted $1.86 EPS. General Motors’s quarterly revenue was down 1.1% compared to the same quarter last year. Equities analysts forecast that General Motors Company will post $6.13 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a $0.38 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.36%. General Motors’s payout ratio is presently 26.48%.
A number of research analysts have recently weighed in on GM shares. Nomura restated a “buy” rating and issued a $47.00 price target on shares of General Motors in a research report on Tuesday, May 2nd. BidaskClub raised General Motors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $37.00 price objective on shares of General Motors in a research note on Friday, July 14th. ValuEngine raised General Motors from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 28th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of General Motors in a research note on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $39.26.
Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in General Motors by 4.0% in the second quarter. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer’s stock worth $3,262,952,000 after buying an additional 3,560,717 shares during the period. BlackRock Inc. raised its stake in General Motors by 1.1% in the second quarter. BlackRock Inc. now owns 78,753,259 shares of the auto manufacturer’s stock worth $2,750,849,000 after buying an additional 850,211 shares during the period. State Street Corp raised its stake in General Motors by 3.9% in the first quarter. State Street Corp now owns 60,423,820 shares of the auto manufacturer’s stock worth $2,136,563,000 after buying an additional 2,252,866 shares during the period. Berkshire Hathaway Inc. raised its stake in General Motors by 20.0% in the second quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock worth $2,095,800,000 after buying an additional 10,000,000 shares during the period. Finally, Capital World Investors raised its stake in General Motors by 5.0% in the second quarter. Capital World Investors now owns 31,327,192 shares of the auto manufacturer’s stock worth $1,094,259,000 after buying an additional 1,500,500 shares during the period. 75.56% of the stock is owned by institutional investors and hedge funds.
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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