General Motors (NYSE:GM) EVP Rory Harvey Sells 8,919 Shares

General Motors (NYSE:GM) (TSE:GMM.U) EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Rory Harvey also recently made the following trade(s):

• On Wednesday, October 23rd, Rory Harvey sold 9,307 shares of General Motors stock. The shares were sold at an average price of $54.01, for a total value of $502,671.07.

General Motors Trading Up 1.3 %

General Motors stock opened at $55.50 on Thursday. General Motors has a 52-week low of $28.33 and a 52-week high of $61.24. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $61.03 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 0.45 and a beta of 1.40. The firm has a 50-day moving average price of $51.29 and a two-hundred day moving average price of $47.94.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. The business had revenue of $48.76 billion during the quarter, compared to analyst estimates of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.28 EPS. Sell-side analysts expect that General Motors will post 10.35 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Friday, December 6th. General Motors’s payout ratio is currently 5.12%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GM. Synovus Financial Corp lifted its holdings in shares of General Motors by 125.0% in the third quarter. Synovus Financial Corp now owns 45,803 shares of the auto manufacturer’s stock valued at $2,054,000 after buying an additional 25,443 shares during the period. Tidal Investments LLC raised its position in General Motors by 44.7% in the third quarter. Tidal Investments LLC now owns 65,389 shares of the auto manufacturer’s stock worth $2,932,000 after acquiring an additional 20,206 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in General Motors in the 3rd quarter valued at about $1,907,000. World Investment Advisors LLC bought a new position in shares of General Motors during the 3rd quarter valued at about $237,000. Finally, Sanctuary Advisors LLC grew its stake in shares of General Motors by 8.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 330,703 shares of the auto manufacturer’s stock worth $14,829,000 after purchasing an additional 26,954 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GM has been the subject of several research analyst reports. Nomura cut General Motors from a “neutral” rating to a “reduce” rating and set a $34.00 target price for the company. in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $53.00 price objective on shares of General Motors in a report on Tuesday, September 10th. Barclays upped their target price on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. DZ Bank downgraded General Motors from a “buy” rating to a “hold” rating and set a $49.00 price target for the company. in a research note on Friday, October 11th. Finally, Wedbush boosted their price objective on General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $56.92.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.