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 the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the transaction, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

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

General Motors Stock Performance

Shares of GM traded up $0.71 during mid-day trading on Wednesday, hitting $55.50. 11,374,073 shares of the company’s stock were exchanged, compared to its average volume of 14,945,132. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. General Motors has a 52 week low of $28.33 and a 52 week high of $61.24. The stock’s 50-day simple moving average is $51.15 and its 200-day simple moving average is $47.88. The firm has a market cap of $61.03 billion, a price-to-earnings ratio of 5.84, a price-to-earnings-growth ratio of 0.45 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The firm had revenue of $48.76 billion during the quarter, compared to analysts’ expectations of $44.67 billion. During the same period in the previous year, the firm earned $2.28 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, equities research analysts expect that General Motors will post 10.35 EPS for the current year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders 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 dividend payout ratio is currently 5.12%.

Institutional Trading of General Motors

Institutional investors and hedge funds have recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new position in General Motors during the second quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new position in General Motors in the 3rd quarter valued at approximately $27,000. Truvestments Capital LLC bought a new position in General Motors in the 3rd quarter valued at approximately $27,000. Wellington Shields Capital Management LLC bought a new stake in shares of General Motors during the second quarter worth $28,000. Finally, Fortitude Family Office LLC increased its holdings in shares of General Motors by 56.1% during the second quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock worth $29,000 after buying an additional 225 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on General Motors from $33.00 to $38.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. DZ Bank lowered General Motors from a “buy” rating to a “hold” rating and set a $49.00 price target on the stock. in a research report on Friday, October 11th. Wolfe Research started coverage on General Motors in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Morgan Stanley downgraded shares of General Motors from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $47.00 to $42.00 in a report on Wednesday, September 25th. Finally, Sanford C. Bernstein increased their price target on shares of General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.