Insider Selling: General Motors (NYSE:GM) EVP Sells 83,067 Shares of Stock

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General Motors (NYSE:GM) (TSE:GMM.U) EVP Matthew Tsien sold 83,067 shares of General Motors stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $39.50, for a total transaction of $3,281,146.50. Following the completion of the sale, the executive vice president now directly owns 84,667 shares of the company’s stock, valued at approximately $3,344,346.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Matthew Tsien also recently made the following trade(s):

  • On Monday, September 9th, Matthew Tsien sold 16,933 shares of General Motors stock. The shares were sold at an average price of $39.50, for a total transaction of $668,853.50.

Shares of General Motors stock opened at $39.46 on Thursday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.96 and a quick ratio of 0.83. The stock has a market cap of $56.51 billion, a price-to-earnings ratio of 6.03, a PEG ratio of 0.65 and a beta of 1.42. The firm’s 50-day moving average is $38.48 and its two-hundred day moving average is $38.02. General Motors has a 1 year low of $30.56 and a 1 year high of $41.90.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Thursday, August 1st. The auto manufacturer reported $1.64 EPS for the quarter, beating the consensus estimate of $1.43 by $0.21. General Motors had a net margin of 6.31% and a return on equity of 21.08%. The business had revenue of $36.06 billion during the quarter, compared to analyst estimates of $36.03 billion. During the same quarter in the previous year, the business posted $1.81 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, equities analysts expect that General Motors will post 6.8 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, September 5th. General Motors’s payout ratio is 23.24%.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of General Motors by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 102,571,908 shares of the auto manufacturer’s stock worth $3,952,096,000 after acquiring an additional 717,703 shares in the last quarter. BlackRock Inc. lifted its stake in shares of General Motors by 6.7% during the 1st quarter. BlackRock Inc. now owns 83,427,385 shares of the auto manufacturer’s stock worth $3,095,158,000 after purchasing an additional 5,215,771 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of General Motors by 8.1% during the 4th quarter. Geode Capital Management LLC now owns 16,309,521 shares of the auto manufacturer’s stock worth $544,715,000 after purchasing an additional 1,217,986 shares during the last quarter. Northern Trust Corp boosted its position in General Motors by 1.3% during the second quarter. Northern Trust Corp now owns 14,406,653 shares of the auto manufacturer’s stock valued at $555,088,000 after purchasing an additional 184,349 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in General Motors by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 13,977,174 shares of the auto manufacturer’s stock valued at $538,539,000 after purchasing an additional 99,948 shares in the last quarter. 77.36% of the stock is owned by institutional investors.

Several research firms recently issued reports on GM. ValuEngine lowered shares of General Motors from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. Nomura set a $38.00 target price on General Motors and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Credit Suisse Group initiated coverage on shares of General Motors in a research note on Wednesday, June 26th. They set an “outperform” rating and a $48.00 price target on the stock. Morgan Stanley set a $46.00 price objective on General Motors and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada lifted their price target on shares of General Motors to $52.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $47.62.

About General Motors

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

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