Alan S. Batey Sells 70,266 Shares of General Motors (GM) Stock

General Motors (NYSE:GM) (TSE:GMM.U) insider Alan S. Batey sold 70,266 shares of the firm’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $38.39, for a total value of $2,697,511.74. Following the sale, the insider now directly owns 205,906 shares of the company’s stock, valued at approximately $7,904,731.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of General Motors stock opened at $39.00 on Thursday. General Motors has a 12-month low of $30.56 and a 12-month high of $45.00. The company has a market cap of $54.45 billion, a price-to-earnings ratio of 5.96, a P/E/G ratio of 0.72 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.71.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Wednesday, February 6th. The auto manufacturer reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.22. General Motors had a net margin of 5.45% and a return on equity of 23.99%. The business had revenue of $38.40 billion during the quarter, compared to analyst estimates of $36.31 billion. During the same quarter last year, the firm posted $1.65 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Research analysts forecast that General Motors will post 6.34 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Thursday, March 7th. General Motors’s dividend payout ratio (DPR) is currently 23.24%.

A number of hedge funds have recently bought and sold shares of the business. Signet Investment Advisory Group Inc. bought a new position in General Motors during the 4th quarter worth about $26,000. Cornerstone Advisors Inc. grew its holdings in General Motors by 63.0% in the fourth quarter. Cornerstone Advisors Inc. now owns 895 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 346 shares during the last quarter. NuWave Investment Management LLC raised its holdings in shares of General Motors by 198.6% in the 4th quarter. NuWave Investment Management LLC now owns 884 shares of the auto manufacturer’s stock worth $30,000 after purchasing an additional 588 shares during the period. Advisors Preferred LLC acquired a new stake in shares of General Motors in the fourth quarter valued at about $31,000. Finally, Vigilant Capital Management LLC bought a new stake in shares of General Motors in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 77.74% of the company’s stock.

A number of equities research analysts have weighed in on GM shares. ValuEngine upgraded General Motors from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Citigroup raised their price target on General Motors from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, November 6th. Nomura dropped coverage on General Motors in a research report on Tuesday, November 6th. Morgan Stanley raised their price objective on shares of General Motors from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 6th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $38.00 price target on shares of General Motors in a report on Tuesday, November 13th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. General Motors currently has an average rating of “Buy” and a consensus target price of $46.97.

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General Motors Company Profile

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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