GM Stock: General Motors Insider Mark L. Reuss Sells 30,000 Shares

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General Motors (NYSE:GM) (TSE:GMM.U) insider Mark L. Reuss sold 30,000 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $43.09, for a total value of $1,292,700.00. Following the completion of the transaction, the insider now directly owns 103,052 shares of the company’s stock, valued at approximately $4,440,510.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of General Motors (GM) opened at $44.01 on Friday. The firm has a market capitalization of $62,510.00, a PE ratio of 9.53, a PEG ratio of 0.83 and a beta of 1.55. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.94 and a quick ratio of 0.79. General Motors has a one year low of $31.92 and a one year high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.25. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The company had revenue of $30.48 billion during the quarter, compared to analysts’ expectations of $29.93 billion. During the same quarter in the prior year, the firm posted $1.72 earnings per share. The business’s quarterly revenue was down 16.6% on a year-over-year basis. sell-side analysts expect that General Motors will post 6.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Friday, December 8th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.45%. General Motors’s payout ratio is 32.90%.

Several institutional investors have recently made changes to their positions in the stock. Peapack Gladstone Financial Corp boosted its position in shares of General Motors by 2.7% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 6,428 shares of the auto manufacturer’s stock valued at $225,000 after purchasing an additional 166 shares in the last quarter. Regal Investment Advisors LLC boosted its position in shares of General Motors by 6.9% during the 2nd quarter. Regal Investment Advisors LLC now owns 6,187 shares of the auto manufacturer’s stock valued at $216,000 after purchasing an additional 397 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in shares of General Motors by 6.9% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 8,257 shares of the auto manufacturer’s stock valued at $288,000 after purchasing an additional 535 shares in the last quarter. Veritable L.P. boosted its position in shares of General Motors by 1.0% during the 2nd quarter. Veritable L.P. now owns 61,892 shares of the auto manufacturer’s stock valued at $2,162,000 after purchasing an additional 619 shares in the last quarter. Finally, Capstone Investment Advisors Netherlands B.V. boosted its position in shares of General Motors by 11.2% during the 2nd quarter. Capstone Investment Advisors Netherlands B.V. now owns 6,713 shares of the auto manufacturer’s stock valued at $234,000 after purchasing an additional 674 shares in the last quarter. Institutional investors own 73.01% of the company’s stock.

GM has been the subject of a number of recent research reports. Deutsche Bank reaffirmed a “buy” rating on shares of General Motors in a report on Friday, November 17th. Vetr cut General Motors from a “buy” rating to a “hold” rating and set a $43.99 target price for the company. in a report on Monday, November 13th. Royal Bank of Canada upped their target price on General Motors from $44.00 to $51.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 25th. UBS Group reaffirmed a “buy” rating and issued a $50.00 target price (up previously from $39.00) on shares of General Motors in a report on Wednesday, October 11th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $44.00 target price on shares of General Motors in a report on Tuesday, September 12th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $43.63.

General Motors Company Profile

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.

Insider Buying and Selling by Quarter for General Motors (NYSE:GM)

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