General Motors (GM) Insider Sells $2,697,511.74 in Stock

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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 transaction, the insider now owns 205,906 shares of the company’s stock, valued at $7,904,731.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

GM 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 capitalization of $54.45 billion, a PE ratio of 5.96, a price-to-earnings-growth 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 issued its quarterly earnings data on Wednesday, February 6th. The auto manufacturer reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.22. The firm had revenue of $38.40 billion for the quarter, compared to the consensus estimate of $36.31 billion. General Motors had a net margin of 5.45% and a return on equity of 23.99%. General Motors’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm posted $1.65 EPS. Equities analysts anticipate that General Motors will post 6.34 EPS for the current fiscal 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 given a dividend of $0.38 per share. The ex-dividend date is Thursday, March 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.90%. General Motors’s payout ratio is presently 23.24%.

A number of large investors have recently added to or reduced their stakes in the business. BOKF NA boosted its stake in General Motors by 82.4% in the fourth quarter. BOKF NA now owns 15,379 shares of the auto manufacturer’s stock valued at $514,000 after buying an additional 6,947 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of General Motors by 8.1% during the 4th quarter. Geode Capital Management LLC now owns 16,309,521 shares of the auto manufacturer’s stock valued at $544,715,000 after purchasing an additional 1,217,986 shares during the period. Kinneret Advisory LLC bought a new position in General Motors in the 4th quarter worth about $208,000. EJF Capital LLC purchased a new position in shares of General Motors in the 4th quarter worth about $335,000. Finally, Brown Advisory Inc. raised its position in General Motors by 12.9% during the 4th quarter. Brown Advisory Inc. now owns 156,030 shares of the auto manufacturer’s stock valued at $5,219,000 after purchasing an additional 17,852 shares during the last quarter. 77.74% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have commented on GM. Deutsche Bank initiated coverage on General Motors in a research report on Thursday, December 13th. They issued a “buy” rating on the stock. Royal Bank of Canada raised their price target on General Motors from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, February 7th. BMO Capital Markets upgraded General Motors from a “market perform” rating to an “outperform” rating in a research report on Monday, January 7th. Zacks Investment Research raised General Motors from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Friday, November 16th. Finally, Citigroup upped their price objective on General Motors to $67.00 and gave the stock a “buy” rating in a report on Friday, February 8th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. General Motors has an average rating of “Buy” and an average 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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