General Motors (NYSE:GM) (TSE:GMM.U) insider Barry L. Engle II sold 50,443 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $45.00, for a total transaction of $2,269,935.00. Following the transaction, the insider now owns 57,091 shares of the company’s stock, valued at $2,569,095. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
General Motors (NYSE:GM) traded down $0.17 during mid-day trading on Thursday, hitting $43.86. 11,867,697 shares of the stock were exchanged, compared to its average volume of 13,472,158. The stock has a market capitalization of $62,300.00, a PE ratio of 9.49, a P/E/G ratio of 0.82 and a beta of 1.55. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54. General Motors has a twelve month low of $31.92 and a twelve month high of $46.76.
General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.25. The business had revenue of $30.48 billion during the quarter, compared to analysts’ expectations of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The company’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.72 earnings per share. equities research analysts expect that General Motors will post 6.5 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. Berkshire Hathaway Inc. grew its stake 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 valued at $2,095,800,000 after acquiring an additional 10,000,000 shares in the last quarter. Janus Henderson Group PLC grew its stake in General Motors by 290.9% during the 2nd quarter. Janus Henderson Group PLC now owns 10,247,171 shares of the auto manufacturer’s stock valued at $357,944,000 after acquiring an additional 7,625,809 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in General Motors during the 3rd quarter valued at about $202,352,000. Vanguard Group Inc. grew its stake in General Motors by 4.0% during 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 acquiring an additional 3,560,717 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in General Motors by 72.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,210,479 shares of the auto manufacturer’s stock valued at $147,072,000 after acquiring an additional 1,775,924 shares in the last quarter. 73.02% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently issued reports on GM. Zacks Investment Research upgraded shares of General Motors from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Piper Jaffray Companies set a $44.00 target price on shares of General Motors and gave the company a “buy” rating in a research report on Monday, October 16th. Citigroup reaffirmed a “buy” rating and issued a $53.00 price objective on shares of General Motors in a report on Monday, October 2nd. Evercore ISI lifted their price objective on shares of General Motors from $40.00 to $41.38 in a report on Friday, December 29th. Finally, Instinet reaffirmed a “buy” rating and issued a $43.00 price objective on shares of General Motors in a report on Tuesday, October 3rd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $44.07.
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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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