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

Investors sold shares of General Motors Company (NYSE:GM) (TSE:GMM.U) on strength during trading on Thursday. $52.51 million flowed into the stock on the tick-up and $84.07 million flowed out of the stock on the tick-down, for a money net flow of $31.56 million out of the stock. Of all stocks tracked, General Motors had the 27th highest net out-flow for the day. General Motors traded up $0.74 for the day and closed at $43.60

GM has been the subject of a number of recent research reports. BidaskClub upgraded shares of General Motors from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Vetr upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $37.42 price target for the company in a research note on Monday, July 24th. Piper Jaffray Companies reiterated a “buy” rating and issued a $44.00 price target on shares of General Motors in a research note on Tuesday, September 12th. Deutsche Bank AG upgraded shares of General Motors from a “hold” rating to a “buy” rating and lifted their price target for the stock from $36.00 to $51.00 in a research note on Monday, September 25th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $53.00 price target on shares of General Motors in a research note on Monday, October 2nd. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. General Motors has an average rating of “Hold” and an average target price of $43.61.

The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $61,930.00, a P/E ratio of 6.95, a price-to-earnings-growth ratio of 0.75 and a beta of 1.56.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, topping 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 analysts’ expectations of $29.93 billion. During the same period in the prior year, the company posted $1.72 EPS. The business’s revenue for the quarter was down 16.6% on a year-over-year basis. sell-side analysts forecast that General Motors Company will post 6.24 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Friday, December 8th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.49%. General Motors’s dividend payout ratio (DPR) is presently 32.90%.

In related news, EVP Nysschen Carel J. De sold 123,645 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $44.59, for a total value of $5,513,330.55. Following the sale, the executive vice president now directly owns 150,484 shares in the company, valued at approximately $6,710,081.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Charles K. Stevens III sold 265,458 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was 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. Over the last ninety days, insiders have sold 971,122 shares of company stock worth $40,627,952. Corporate insiders own 0.04% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in General Motors by 4.0% in the 2nd quarter. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer’s stock valued at $3,262,952,000 after purchasing an additional 3,560,717 shares in the last quarter. BlackRock Inc. increased its position in General Motors by 1.1% during the 2nd quarter. BlackRock Inc. now owns 78,753,259 shares of the auto manufacturer’s stock worth $2,750,849,000 after purchasing an additional 850,211 shares in the last quarter. Berkshire Hathaway Inc. increased its position in General Motors by 20.0% during the 2nd quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock worth $2,095,800,000 after purchasing an additional 10,000,000 shares in the last quarter. Capital World Investors increased its position in General Motors by 5.0% during the 2nd quarter. Capital World Investors now owns 31,327,192 shares of the auto manufacturer’s stock worth $1,094,259,000 after purchasing an additional 1,500,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in General Motors by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock worth $601,683,000 after purchasing an additional 331,621 shares in the last quarter. Institutional investors and hedge funds own 74.51% of the company’s stock.

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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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