Traders sold shares of General Motors Company (NYSE:GM) (TSE:GMM.U) on strength during trading on Tuesday. $62.21 million flowed into the stock on the tick-up and $163.69 million flowed out of the stock on the tick-down, for a money net flow of $101.48 million out of the stock. Of all companies tracked, General Motors had the 8th highest net out-flow for the day. General Motors traded up $0.09 for the day and closed at $44.97
GM has been the topic of a number of recent analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $44.00 target price on shares of General Motors in a research report on Tuesday, September 12th. BidaskClub lowered General Motors from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Vetr raised General Motors from a “hold” rating to a “buy” rating and set a $37.42 target price on the stock in a research report on Monday, July 24th. Deutsche Bank AG raised General Motors from a “hold” rating to a “buy” rating and upped their target price for the company from $36.00 to $51.00 in a research report on Monday, September 25th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $53.00 target price on shares of General Motors in a research report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $43.61.
The company has a market cap of $63,880.00, a price-to-earnings ratio of 7.09, a P/E/G ratio of 0.76 and a beta of 1.56. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Friday, December 8th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Thursday, December 7th. General Motors’s dividend payout ratio is 32.90%.
In related news, insider Alan S. Batey sold 234,274 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $38.04, for a total value of $8,911,782.96. Following the completion of the sale, the insider now directly owns 67,548 shares of the company’s stock, valued at approximately $2,569,525.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Daniel Ammann sold 50,000 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $38.00, for a total value of $1,900,000.00. Following the completion of the sale, the president now directly owns 185,953 shares of the company’s stock, valued at $7,066,214. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 971,122 shares of company stock valued at $40,627,952. 0.04% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in GM. YorkBridge Wealth Partners LLC lifted its stake in General Motors by 43.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock worth $101,000 after acquiring an additional 860 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in General Motors by 10.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock worth $113,000 after acquiring an additional 310 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new stake in General Motors in the 3rd quarter worth about $119,000. Ffcm LLC lifted its stake in General Motors by 2,008.1% in the 2nd quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock worth $120,000 after acquiring an additional 3,213 shares in the last quarter. Finally, Ropes Wealth Advisors LLC raised its stake in shares of General Motors by 240.2% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 4,600 shares of the auto manufacturer’s stock worth $161,000 after purchasing an additional 3,248 shares in the last quarter. 73.50% of the stock is owned by hedge funds and other institutional investors.
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About General Motors
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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