Meeder Asset Administration Inc. reduce its holdings in Common Motors (NYSE:GM – Free Report) (TSE:GMM.U) by 85.1% within the 2nd quarter, in line with the corporate in its most up-to-date Type 13F submitting with the Securities & Trade Fee. The institutional investor owned 1,019 shares of the auto producer’s inventory after promoting 5,815 shares through the interval. Meeder Asset Administration Inc.’s holdings in Common Motors have been value $47,000 on the finish of the latest quarter.
Different institutional traders and hedge funds additionally lately modified their holdings of the corporate. LifeSteps Monetary Inc. purchased a brand new place in Common Motors within the 1st quarter valued at $25,000. Wellington Shields Capital Administration LLC purchased a brand new place in Common Motors through the second quarter valued at about $28,000. Fortitude Household Workplace LLC elevated its holdings in Common Motors by 56.1% through the second quarter. Fortitude Household Workplace LLC now owns 626 shares of the auto producer’s inventory value $29,000 after shopping for an extra 225 shares over the last quarter. Cape Funding Advisory Inc. raised its place in Common Motors by 75.9% within the fourth quarter. Cape Funding Advisory Inc. now owns 832 shares of the auto producer’s inventory value $30,000 after buying an extra 359 shares through the interval. Lastly, Montag A & Associates Inc. bought a brand new place in Common Motors within the first quarter valued at about $30,000. 92.67% of the inventory is owned by hedge funds and different institutional traders.
Insider Shopping for and Promoting at Common Motors
In different information, CFO Paul A. Jacobson acquired 25,000 shares of the agency’s inventory in a transaction on Friday, July twenty sixth. The shares have been bought at a median worth of $44.11 per share, for a complete transaction of $1,102,750.00. Following the completion of the transaction, the chief monetary officer now owns 261,872 shares of the corporate’s inventory, valued at $11,551,173.92. The transaction was disclosed in a doc filed with the SEC, which may be accessed via the SEC web site. In different Common Motors information, CFO Paul A. Jacobson purchased 25,000 shares of the enterprise’s inventory in a transaction that occurred on Friday, July twenty sixth. The shares have been purchased at a median value of $44.11 per share, with a complete worth of $1,102,750.00. Following the completion of the acquisition, the chief monetary officer now immediately owns 261,872 shares of the corporate’s inventory, valued at $11,551,173.92. The transaction was disclosed in a submitting with the Securities & Trade Fee, which is accessible via this hyperlink. Additionally, EVP Rory Harvey offered 2,302 shares of the corporate’s inventory in a transaction that occurred on Friday, August twenty third. The shares have been offered at a median worth of $47.31, for a complete worth of $108,907.62. Following the transaction, the manager vp now immediately owns 10,356 shares of the corporate’s inventory, valued at roughly $489,942.36. The disclosure for this sale may be discovered right here. 0.72% of the inventory is at the moment owned by company insiders.
Common Motors Worth Efficiency
Shares of NYSE:GM opened at $46.30 on Friday. The corporate’s fifty day shifting common is $46.19 and its 200 day shifting common is $45.00. The corporate has a fast ratio of 0.99, a present ratio of 1.18 and a debt-to-equity ratio of 1.23. Common Motors has a 52 week low of $26.30 and a 52 week excessive of $50.50. The inventory has a market cap of $52.83 billion, a PE ratio of 5.66, a PEG ratio of 0.52 and a beta of 1.43.
Common Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) final launched its earnings outcomes on Tuesday, July twenty third. The auto producer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.39. The corporate had income of $47.97 billion through the quarter, in comparison with analyst estimates of $45.13 billion. Common Motors had a return on fairness of 15.77% and a web margin of 6.22%. Common Motors’s income for the quarter was up 7.2% on a year-over-year foundation. Throughout the identical quarter within the earlier 12 months, the corporate posted $1.91 EPS. Analysis analysts anticipate that Common Motors will submit 9.95 earnings per share for the present 12 months.
Common Motors declared that its Board of Administrators has authorized a inventory buyback program on Tuesday, June eleventh that authorizes the corporate to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto producer to buy as much as 10.8% of its inventory via open market purchases. Inventory repurchase applications are sometimes an indication that the corporate’s administration believes its shares are undervalued.
Common Motors Pronounces Dividend
The corporate additionally lately declared a quarterly dividend, which can be paid on Thursday, September nineteenth. Buyers of document on Friday, September sixth can be issued a dividend of $0.12 per share. The ex-dividend date is Friday, September sixth. This represents a $0.48 dividend on an annualized foundation and a yield of 1.04%. Common Motors’s dividend payout ratio is at the moment 5.87%.
Analysts Set New Worth Targets
Various analysis corporations lately commented on GM. Financial institution of America reaffirmed a “purchase” score and issued a $75.00 worth goal on shares of Common Motors in a report on Wednesday, June twelfth. Wells Fargo & Firm lowered their goal worth on Common Motors from $34.00 to $33.00 and set an “underweight” score on the inventory in a analysis observe on Tuesday, September tenth. Nomura downgraded Common Motors from a “impartial” score to a “scale back” score and set a $34.00 worth goal for the corporate. in a analysis observe on Monday, August fifth. Wedbush restated an “outperform” score and issued a $55.00 worth goal on shares of Common Motors in a analysis observe on Wednesday, July twenty fourth. Lastly, Deutsche Financial institution Aktiengesellschaft reiterated a “maintain” score and set a $53.00 goal worth on shares of Common Motors in a analysis report on Tuesday, September tenth. Three funding analysts have rated the inventory with a promote score, six have given a maintain score, twelve have given a purchase score and one has assigned a powerful purchase score to the corporate. In accordance with MarketBeat.com, the inventory has a consensus score of “Reasonable Purchase” and a median goal worth of $55.27.
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About Common Motors
Common Motors Firm designs, builds, and sells vans, crossovers, automobiles, and car elements; and supply software-enabled companies and subscriptions worldwide. The corporate operates via GM North America, GM Worldwide, Cruise, and GM Monetary segments. It markets its automobiles primarily below the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling model names.
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