General Motors (NYSE:GM) EVP Stephen K. Carlisle Sells 18,000 Shares

Defense World · 02/07 17:22

General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) EVP Stephen K. Carlisle sold 18,000 shares of General Motors stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $41.97, for a total value of $755,460.00. Following the sale, the executive vice president now directly owns 46,170 shares in the company, valued at $1,937,754.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

General Motors Trading Up 0.5 %

NYSE GM opened at $41.34 on Tuesday. The stock has a market capitalization of $57.65 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 0.68 and a beta of 1.37. The stock's 50 day moving average price is $36.84 and its two-hundred day moving average price is $37.24. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 1.10. General Motors has a 52 week low of $30.33 and a 52 week high of $52.00.

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General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) last released its earnings results on Tuesday, January 31st. The auto manufacturer reported $2.12 EPS for the quarter, beating the consensus estimate of $1.68 by $0.44. The firm had revenue of $43.11 billion for the quarter, compared to analysts' expectations of $40.62 billion. General Motors had a return on equity of 16.08% and a net margin of 6.34%. The business's quarterly revenue was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 EPS. As a group, analysts anticipate that General Motors will post 6.11 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 16th. Shareholders of record on Friday, March 3rd will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.87%. The ex-dividend date is Thursday, March 2nd. General Motors's payout ratio is 5.87%.

Analysts Set New Price Targets

GM has been the topic of a number of research analyst reports. UBS Group lowered General Motors from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $56.00 to $38.00 in a research report on Monday, October 10th. Deutsche Bank Aktiengesellschaft upped their price objective on General Motors from $33.00 to $36.00 in a report on Wednesday, February 1st. Daiwa Capital Markets increased their price target on General Motors to $38.00 in a research note on Thursday, October 27th. Royal Bank of Canada cut their price target on General Motors from $45.00 to $44.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 26th. Finally, Bank of America cut their price target on General Motors from $80.00 to $70.00 and set a "buy" rating on the stock in a research note on Wednesday, February 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $48.72.

Institutional Investors Weigh In On General Motors

Institutional investors and hedge funds have recently made changes to their positions in the stock. Daiwa Securities Group Inc. grew its holdings in General Motors by 3.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 147,239 shares of the auto manufacturer's stock valued at $4,953,000 after buying an additional 5,540 shares in the last quarter. Cumberland Partners Ltd bought a new position in General Motors during the fourth quarter worth $280,000. Neumann Capital Management LLC raised its position in shares of General Motors by 1.9% in the 4th quarter. Neumann Capital Management LLC now owns 36,750 shares of the auto manufacturer's stock worth $1,236,000 after acquiring an additional 700 shares in the last quarter. Westpac Banking Corp increased its position in General Motors by 18.7% in the 4th quarter. Westpac Banking Corp now owns 195,798 shares of the auto manufacturer's stock valued at $6,587,000 after buying an additional 30,816 shares in the last quarter. Finally, Glassman Wealth Services increased its position in General Motors by 45.9% in the 4th quarter. Glassman Wealth Services now owns 2,097 shares of the auto manufacturer's stock valued at $71,000 after buying an additional 660 shares in the last quarter. Institutional investors own 78.92% of the company's stock.

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