General Motors Company (NYSE:GM) (TSE:GMM.U) insider Alan S. Batey sold 8,144 shares of General Motors stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $35.57, for a total value of $289,682.08. Following the completion of the sale, the insider now directly owns 66,748 shares of the company’s stock, valued at approximately $2,374,226.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of General Motors Company (GM) traded down 2.10% on Thursday, hitting $35.00. The stock had a trading volume of 7,274,317 shares. General Motors Company has a 52 week low of $30.13 and a 52 week high of $38.55. The firm has a 50-day moving average price of $35.48 and a 200-day moving average price of $35.09. The stock has a market capitalization of $51.00 billion, a P/E ratio of 6.08 and a beta of 1.45. General Motors also was the target of some unusual options trading on Wednesday. Stock traders acquired 13,561 call options on the stock. This represents an increase of approximately 162% compared to the typical volume of 5,175 call options.
General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.17. The business had revenue of $36.98 billion during the quarter, compared to analysts’ expectations of $37.67 billion. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.86 EPS. Equities analysts expect that General Motors Company will post $6.13 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.34%. The ex-dividend date is Thursday, September 7th. General Motors’s dividend payout ratio is presently 26.48%.
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GM has been the subject of several recent research reports. BidaskClub lowered General Motors from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. BMO Capital Markets reissued a “market perform” rating on shares of General Motors in a report on Wednesday, May 3rd. Berenberg Bank set a $31.00 price objective on General Motors and gave the stock a “sell” rating in a report on Monday. Vetr raised General Motors from a “hold” rating to a “buy” rating and set a $37.42 price objective for the company in a report on Monday, July 24th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $37.00 price objective on shares of General Motors in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. General Motors has a consensus rating of “Buy” and an average price target of $39.26.
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position 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 valued at $3,262,952,000 after buying an additional 3,560,717 shares in the last quarter. BlackRock Inc. boosted its position in General Motors by 1.1% in the second quarter. BlackRock Inc. now owns 78,753,259 shares of the auto manufacturer’s stock valued at $2,750,849,000 after buying an additional 850,211 shares in the last quarter. State Street Corp boosted its position 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 valued at $2,136,563,000 after buying an additional 2,252,866 shares in the last quarter. Berkshire Hathaway Inc. boosted its position 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 valued at $2,095,800,000 after buying an additional 10,000,000 shares in the last quarter. Finally, Capital World Investors boosted its position 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 valued at $1,094,259,000 after buying an additional 1,500,500 shares in the last quarter. Institutional investors and hedge funds own 75.56% of the company’s stock.
About General Motors
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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