General Motors (NYSE:GM) (TSE:GMM.U) Director Wesley G. Bush acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average price of $38.58 per share, with a total value of $385,800.00. The acquisition was disclosed in a legal filing with the Securities Exchange Commission, which is accessible through the SEC website.
Shares of GM stock opened at $37.00 on Friday. General Motors has a 1 year low of $30.56 and a 1 year high of $45.00. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. The firm has a market cap of $52.48 billion, a PE ratio of 5.66, a price-to-earnings-growth ratio of 0.63 and a beta of 1.27.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, April 30th. The auto manufacturer reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.32. General Motors had a net margin of 6.26% and a return on equity of 22.67%. The firm had revenue of $34.88 billion during the quarter, compared to the consensus estimate of $35.56 billion. During the same quarter in the previous year, the firm posted $1.43 EPS. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, sell-side analysts forecast that General Motors will post 6.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Thursday, June 6th. General Motors’s dividend payout ratio is currently 23.24%.
A number of institutional investors have recently modified their holdings of the stock. Econ Financial Services Corp boosted its holdings in General Motors by 3.3% in the 1st quarter. Econ Financial Services Corp now owns 8,164 shares of the auto manufacturer’s stock worth $303,000 after buying an additional 264 shares during the period. Squar Milner Financial Services LLC boosted its holdings in shares of General Motors by 4.5% during the 1st quarter. Squar Milner Financial Services LLC now owns 6,412 shares of the auto manufacturer’s stock valued at $237,000 after purchasing an additional 275 shares during the last quarter. Cedar Brook Financial Partners LLC boosted its holdings in shares of General Motors by 4.2% during the 1st quarter. Cedar Brook Financial Partners LLC now owns 6,827 shares of the auto manufacturer’s stock valued at $253,000 after purchasing an additional 276 shares during the last quarter. Zions Bancorporation N.A. boosted its holdings in shares of General Motors by 11.1% during the 1st quarter. Zions Bancorporation N.A. now owns 2,906 shares of the auto manufacturer’s stock valued at $108,000 after purchasing an additional 290 shares during the last quarter. Finally, BerganKDV Wealth Management LLC boosted its holdings in shares of General Motors by 21.0% during the 4th quarter. BerganKDV Wealth Management LLC now owns 1,726 shares of the auto manufacturer’s stock valued at $58,000 after purchasing an additional 300 shares during the last quarter. 77.34% of the stock is owned by institutional investors.
A number of brokerages have weighed in on GM. Nomura set a $42.00 target price on shares of General Motors and gave the company a “hold” rating in a research note on Thursday, May 2nd. Seaport Global Securities began coverage on shares of General Motors in a research note on Wednesday, February 13th. They set a “buy” rating for the company. Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 target price on shares of General Motors in a research note on Tuesday, March 26th. Zacks Investment Research lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, Citigroup boosted their target price on shares of General Motors to $67.00 and gave the company a “buy” rating in a research note on Friday, February 8th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. General Motors presently has a consensus rating of “Buy” and an average target price of $47.60.
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General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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