Investors Sell Shares of General Motors (GM) on Strength (GM)

Traders sold shares of General Motors (NYSE:GM) (TSE:GMM.U) on strength during trading on Thursday. $37.62 million flowed into the stock on the tick-up and $83.35 million flowed out of the stock on the tick-down, for a money net flow of $45.73 million out of the stock. Of all equities tracked, General Motors had the 8th highest net out-flow for the day. General Motors traded up $0.27 for the day and closed at $38.30

A number of equities research analysts recently commented on GM shares. Piper Jaffray set a $57.00 price target on General Motors and gave the company an “overweight” rating in a research report on Tuesday. Zacks Investment Research raised General Motors from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Wednesday, May 9th. ValuEngine lowered General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. TheStreet raised General Motors from a “c+” rating to a “b” rating in a research report on Friday, April 27th. Finally, Citigroup reissued a “hold” rating and issued a $70.00 price target on shares of General Motors in a research report on Friday, April 27th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $45.43.

The stock has a market cap of $52.06 billion, a PE ratio of 5.79, a price-to-earnings-growth ratio of 1.05 and a beta of 1.61. The company has a quick ratio of 0.73, a current ratio of 0.86 and a debt-to-equity ratio of 1.96.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Thursday, April 26th. The auto manufacturer reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.19. General Motors had a positive return on equity of 23.03% and a negative net margin of 3.76%. The firm had revenue of $36.10 billion during the quarter, compared to analyst estimates of $34.67 billion. During the same period last year, the firm posted $1.70 EPS. The business’s revenue was down 12.4% compared to the same quarter last year. analysts predict that General Motors will post 6.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Friday, June 8th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Thursday, June 7th. General Motors’s dividend payout ratio is presently 22.96%.

In other news, Director Retiree Medical Benefits T. Uaw sold 40,000,000 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $39.71, for a total transaction of $1,588,400,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles K. Stevens III sold 35,000 shares of the stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $36.10, for a total value of $1,263,500.00. Following the transaction, the insider now owns 67,741 shares of the company’s stock, valued at approximately $2,445,450.10. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Icon Wealth Partners LLC bought a new position in General Motors in the 4th quarter worth about $106,000. Cerebellum GP LLC bought a new position in General Motors in the 4th quarter worth about $123,000. Independence Bank of Kentucky bought a new position in General Motors in the 4th quarter worth about $129,000. Stumpf Capital Management LLC bought a new position in General Motors in the 4th quarter worth about $131,000. Finally, Stelac Advisory Services LLC bought a new position in General Motors in the 1st quarter worth about $119,000. Institutional investors own 73.10% of the company’s stock.

About General Motors

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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