Investors Sell Shares of General Motors Co. (GM) on Strength (GM)
Traders sold shares of General Motors Co. (NYSE:GM) on strength during trading on Monday. $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 companies tracked, General Motors had the 28th highest net out-flow for the day. General Motors traded up $0.36 for the day and closed at $32.16
A number of research firms have commented on GM. Vetr lowered General Motors from a “buy” rating to a “hold” rating and set a $32.30 price target for the company. in a research report on Wednesday, May 25th. Jefferies Group reaffirmed a “hold” rating on shares of General Motors in a research report on Friday. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $43.00 price target on shares of General Motors in a research report on Tuesday, July 26th. Morgan Stanley raised General Motors to a “hold” rating in a research report on Thursday, May 12th. Finally, Zacks Investment Research lowered General Motors from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. One equities 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 assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $35.60.
The company has a 50-day moving average price of $31.48 and a 200 day moving average price of $30.64. The company has a market cap of $50.23 billion and a P/E ratio of 4.12.
General Motors (NYSE:GM) last released its quarterly earnings results on Thursday, July 21st. The auto manufacturer reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.35. The company had revenue of $42.40 billion for the quarter, compared to analyst estimates of $38.81 billion. During the same quarter last year, the company earned $1.29 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities analysts anticipate that General Motors Co. will post $5.85 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 4.73%.
In related news, Director Jane L. Mendillo purchased 1,600 shares of General Motors stock in a transaction that occurred on Tuesday, August 2nd. The stock was purchased at an average price of $31.01 per share, for a total transaction of $49,616.00. Following the transaction, the director now directly owns 1,600 shares in the company, valued at $49,616. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, VP Thomas S. Timko sold 6,250 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $31.94, for a total transaction of $199,625.00. Following the transaction, the vice president now owns 27,477 shares of the company’s stock, valued at approximately $877,615.38. The disclosure for this sale can be found here.
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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