General Motors (NYSE:GM) (TSE:GMM.U) CAO Thomas S. Timko sold 8,461 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $42.06, for a total transaction of $355,869.66. Following the completion of the transaction, the chief accounting officer now directly owns 33,519 shares of the company’s stock, valued at approximately $1,409,809.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of General Motors (NYSE:GM) opened at $40.77 on Wednesday. General Motors has a 12-month low of $31.92 and a 12-month high of $46.76. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.76 and a current ratio of 0.89. The firm has a market cap of $57,634.07, a price-to-earnings ratio of 6.26, a PEG ratio of 0.79 and a beta of 1.59.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.31. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. The company had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $34.28 billion. During the same period in the prior year, the company posted $1.28 earnings per share. General Motors’s revenue for the quarter was down 7.7% compared to the same quarter last year. research analysts anticipate that General Motors will post 6.25 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Thursday, March 8th. General Motors’s payout ratio is -52.59%.
Several research firms have recently issued reports on GM. Morgan Stanley raised their price target on shares of General Motors from $43.00 to $44.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 14th. Zacks Investment Research raised shares of General Motors from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Wednesday, February 14th. Berenberg Bank set a $34.00 price target on shares of General Motors and gave the company a “sell” rating in a research note on Wednesday, February 7th. Nomura set a $45.00 price target on shares of General Motors and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada set a $52.00 price target on shares of General Motors and gave the company a “buy” rating in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. General Motors presently has a consensus rating of “Hold” and an average target price of $44.44.
Large investors have recently bought and sold shares of the business. Swiss National Bank grew its holdings in General Motors by 1.6% in the third quarter. Swiss National Bank now owns 5,006,857 shares of the auto manufacturer’s stock worth $202,177,000 after purchasing an additional 81,000 shares during the period. Alyeska Investment Group L.P. grew its holdings in General Motors by 181.5% in the third quarter. Alyeska Investment Group L.P. now owns 1,809,371 shares of the auto manufacturer’s stock worth $73,062,000 after purchasing an additional 1,166,696 shares during the period. Dimensional Fund Advisors LP grew its holdings in General Motors by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock worth $601,683,000 after purchasing an additional 331,621 shares during the period. Lehman Financial Resources Inc. grew its holdings in General Motors by 6.4% in the third quarter. Lehman Financial Resources Inc. now owns 67,653 shares of the auto manufacturer’s stock worth $2,731,000 after purchasing an additional 4,050 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in General Motors in the third quarter worth $701,000. Institutional investors and hedge funds own 73.74% 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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