Traders Sell General Motors Co. (GM) on Strength (GM)
Traders sold shares of General Motors Co. (NYSE:GM) on strength during trading on Friday. $38.22 million flowed into the stock on the tick-up and $58.69 million flowed out of the stock on the tick-down, for a money net flow of $20.47 million out of the stock. Of all equities tracked, General Motors had the 0th highest net out-flow for the day. General Motors traded up $0.36 for the day and closed at $32.16
Several equities research analysts have recently weighed in on GM shares. Vetr raised General Motors from a “hold” rating to a “buy” rating and set a $32.30 price target for the company in a research note on Wednesday, June 1st. Robert W. Baird reissued a “neutral” rating and issued a $25.00 price target on shares of General Motors in a research note on Monday, June 20th. Citigroup Inc. reissued a “buy” rating and issued a $50.00 price target on shares of General Motors in a research note on Thursday, July 21st. Zacks Investment Research cut General Motors from a “buy” rating to a “hold” rating in a research note on Thursday, June 23rd. Finally, Goldman Sachs Group Inc. set a $36.00 price target on General Motors and gave the company a “neutral” rating in a research note on Thursday, July 7th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $35.60.
The stock has a 50 day moving average price of $31.48 and a 200-day moving average price of $30.64. The stock has a market capitalization of $50.23 billion and a price-to-earnings ratio of 4.12.
General Motors (NYSE:GM) last posted its earnings results on Thursday, July 21st. The auto manufacturer reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.35. The firm had revenue of $42.40 billion for the quarter, compared to analysts’ expectations of $38.81 billion. During the same quarter last year, the company posted $1.29 EPS. The firm’s revenue was up 11.0% on a year-over-year basis. On average, analysts predict that General Motors Co. will post $5.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.73%.
In other news, Director Jane L. Mendillo bought 1,600 shares of General Motors stock in a transaction on Tuesday, August 2nd. The shares were purchased at an average price of $31.01 per share, for a total transaction of $49,616.00. Following the acquisition, the director now owns 1,600 shares of the company’s stock, valued at $49,616. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas S. Timko sold 6,250 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $31.94, for a total value of $199,625.00. Following the transaction, the vice president now owns 27,477 shares in the company, valued at approximately $877,615.38. The disclosure for this sale can be found here.
An institutional investor recently raised its position in General Motors stock. Dimensional Fund Advisors LP boosted its position in General Motors Co. (NYSE:GM) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,081,301 shares of the auto manufacturer’s stock after buying an additional 249,254 shares during the period. Dimensional Fund Advisors LP owned approximately 0.78% of General Motors worth $410,913,000 at the end of the most recent quarter.
General Motors Company (General Motors) designs, builds and sells cars, trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s four automotive segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO) and GM South America (GMSA).
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