Investors Buy General Motors Company (GM) on Weakness

Investors purchased shares of General Motors Company (NYSE:GM) (TSE:GMM.U) on weakness during trading hours on Friday. $73.03 million flowed into the stock on the tick-up and $55.16 million flowed out of the stock on the tick-down, for a money net flow of $17.87 million into the stock. Of all equities tracked, General Motors had the 28th highest net in-flow for the day. General Motors traded down ($0.26) for the day and closed at $42.34

Several analysts have recently weighed in on GM shares. Morgan Stanley cut shares of General Motors from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $46.48 to $43.00 in a research note on Wednesday, October 25th. Royal Bank Of Canada increased their price target on shares of General Motors from $44.00 to $51.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 25th. Craig Hallum set a $45.00 price target on shares of General Motors and gave the company a “hold” rating in a research note on Wednesday, October 25th. BMO Capital Markets raised shares of General Motors to a “market perform” rating and increased their price target for the company from $41.00 to $48.00 in a research note on Wednesday, October 25th. Finally, Deutsche Bank AG increased their price target on shares of General Motors from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.32.

The firm has a market capitalization of $60,140.07, a price-to-earnings ratio of 6.84, a price-to-earnings-growth ratio of 0.73 and a beta of 1.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.25. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The business had revenue of $30.48 billion for the quarter, compared to analyst estimates of $29.93 billion. During the same period last year, the business earned $1.72 EPS. The company’s revenue was down 16.6% on a year-over-year basis. equities research analysts expect that General Motors Company will post 6.24 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Friday, December 8th will be issued a $0.38 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.59%. General Motors’s payout ratio is 77.95%.

In other news, Director Jane L. Mendillo acquired 1,440 shares of General Motors stock in a transaction dated Friday, August 18th. The shares were acquired at an average cost of $34.86 per share, for a total transaction of $50,198.40. Following the acquisition, the director now owns 4,560 shares of the company’s stock, valued at $158,961.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Charles K. Stevens III sold 265,458 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $44.49, for a total transaction of $11,810,226.42. Following the completion of the sale, the chief financial officer now owns 326,510 shares in the company, valued at $14,526,429.90. The disclosure for this sale can be found here. Insiders sold a total of 979,266 shares of company stock worth $40,917,634 over the last 90 days. Company insiders own 0.04% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Intrust Bank NA raised its holdings in shares of General Motors by 0.3% in the 2nd quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock valued at $250,000 after purchasing an additional 25 shares in the last quarter. IFC Holdings Incorporated FL raised its stake in General Motors by 0.3% during the 2nd quarter. IFC Holdings Incorporated FL now owns 32,119 shares of the auto manufacturer’s stock worth $1,120,000 after acquiring an additional 88 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in General Motors by 1.8% during the 2nd quarter. Rehmann Capital Advisory Group now owns 6,583 shares of the auto manufacturer’s stock worth $230,000 after acquiring an additional 115 shares in the last quarter. Alpha Windward LLC raised its stake in General Motors by 2.3% during the 2nd quarter. Alpha Windward LLC now owns 5,542 shares of the auto manufacturer’s stock worth $194,000 after acquiring an additional 125 shares in the last quarter. Finally, Heritage Investors Management Corp raised its stake in General Motors by 0.3% during the 2nd quarter. Heritage Investors Management Corp now owns 49,657 shares of the auto manufacturer’s stock worth $1,735,000 after acquiring an additional 130 shares in the last quarter. Institutional investors and hedge funds own 72.83% 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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