General Motors Company (NYSE:GM) Director Linda R. Gooden bought 1,000 shares of the company’s stock on the open market in a transaction dated Thursday, April 30th. The shares were purchased at an average price of $35.37 per share, for a total transaction of $35,370.00. Following the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $35,370. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
General Motors Company (NYSE:GM) opened at 35.42 on Friday. General Motors Company has a 52 week low of $28.82 and a 52 week high of $38.99. The stock’s 50-day moving average is $36. and its 200-day moving average is $34.. The company has a market cap of $57.04 billion and a price-to-earnings ratio of 21.45.
General Motors Company (NYSE:GM) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by $0.11. The company had revenue of $35.70 billion for the quarter, compared to the consensus estimate of $37.61 billion. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. Analysts expect that General Motors Company will post $4.51 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Monday, June 8th. This is a boost from General Motors Company’s previous quarterly dividend of $0.30.
A number of analysts have recently weighed in on GM shares. Analysts at TheStreet reiterated a “buy” rating on shares of General Motors Company in a research note on Thursday. Analysts at Sterne Agee CRT reiterated a “buy” rating on shares of General Motors Company in a research note on Monday, April 27th. Analysts at Vetr upgraded shares of General Motors Company from a “sell” rating to a “hold” rating and set a $31.67 price target on the stock in a research note on Monday, April 27th. Finally, analysts at Deutsche Bank set a $38.00 price target on shares of General Motors Company and gave the company a “hold” rating in a research note on Friday, April 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. General Motors Company currently has an average rating of “Buy” and a consensus price target of $40.38.
General Motors Corporation (NYSE:GM) designs build and sell cars, trucks and automobiles parts globally. The Company also provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The company designs, manufactures and markets vehicles under the brands of Buick, Cadillac, Chevrolet and GMC.
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