General Motors (NYSE:GM) EVP Craig B. Glidden Sells 383,142 Shares

General Motors (NYSE:GM) (TSE:GMM.U) EVP Craig B. Glidden sold 383,142 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the transaction, the executive vice president now directly owns 122,465 shares in the company, valued at $6,935,192.95. This represents a 75.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

General Motors Price Performance

NYSE:GM traded down $0.23 during trading hours on Wednesday, reaching $54.88. 12,182,821 shares of the company’s stock were exchanged, compared to its average volume of 14,884,377. 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 company has a market capitalization of $60.35 billion, a P/E ratio of 5.88, a price-to-earnings-growth ratio of 0.43 and a beta of 1.40. General Motors has a 12 month low of $27.70 and a 12 month high of $59.39. The business’s 50-day simple moving average is $50.10 and its two-hundred day simple moving average is $47.48.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $44.67 billion. During the same quarter in the previous year, the company earned $2.28 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. Sell-side analysts expect that General Motors will post 10.35 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be issued a $0.12 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.87%. General Motors’s dividend payout ratio is 5.12%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. The Goldman Sachs Group upped their target price on shares of General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Barclays lifted their price target on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Morgan Stanley lowered General Motors from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $47.00 to $42.00 in a research note on Wednesday, September 25th. Nomura Securities upgraded shares of General Motors to a “strong sell” rating in a report on Monday, August 5th. Finally, StockNews.com lowered shares of General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Four equities 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $56.92.

Institutional Investors Weigh In On General Motors

A number of institutional investors have recently modified their holdings of the stock. Virtu Financial LLC raised its holdings in General Motors by 770.3% during the third quarter. Virtu Financial LLC now owns 99,054 shares of the auto manufacturer’s stock valued at $4,442,000 after buying an additional 87,672 shares in the last quarter. TCW Group Inc. boosted its holdings in General Motors by 42.2% in the 3rd quarter. TCW Group Inc. now owns 1,403,373 shares of the auto manufacturer’s stock valued at $62,927,000 after purchasing an additional 416,611 shares during the period. Fortem Financial Group LLC grew its position in General Motors by 2.8% during the third quarter. Fortem Financial Group LLC now owns 26,692 shares of the auto manufacturer’s stock worth $1,197,000 after buying an additional 732 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of General Motors by 17.9% during the 3rd quarter. Toronto Dominion Bank now owns 526,107 shares of the auto manufacturer’s stock worth $23,591,000 after purchasing an additional 79,958 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in shares of General Motors by 23.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 19,885 shares of the auto manufacturer’s stock valued at $955,000 after buying an additional 3,817 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

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.