Common Motors (NYSE:GM – Get Rating) (TSE:GMM.U) was the recipient of a giant development briefly curiosity within the month of December. As of December fifteenth, there was brief curiosity totalling 20,710,000 shares, a development of 10.8% from the November thirtieth whole of 18,690,000 shares. Roughly 1.5% of the shares of the corporate are brief offered. Based mostly on a median every day buying and selling quantity, of 13,940,000 shares, the days-to-cover ratio is at the moment 1.5 days.
Institutional Buying and selling of Common Motors
Hedge funds and different institutional buyers have lately made modifications to their positions within the enterprise. Capital Worldwide Traders boosted its holdings in shares of Common Motors by 66.8% within the 1st quarter. Capital Worldwide Traders now owns 22,826,087 shares of the auto producer’s inventory valued at $998,499,000 after shopping for an extra 9,143,601 shares over the last quarter. Worth T Rowe Associates Inc. MD grew its place in shares of Common Motors by 198.7% within the 2nd quarter. Worth T Rowe Associates Inc. MD now owns 9,456,923 shares of the auto producer’s inventory valued at $300,352,000 after buying an extra 6,290,657 shares in the course of the interval. Renaissance Applied sciences LLC elevated its stake in shares of Common Motors by 191.2% in the course of the 2nd quarter. Renaissance Applied sciences LLC now owns 6,897,000 shares of the auto producer’s inventory price $219,049,000 after buying an extra 4,528,500 shares over the last quarter. Vanguard Group Inc. raised its holdings in shares of Common Motors by 4.0% within the third quarter. Vanguard Group Inc. now owns 111,810,845 shares of the auto producer’s inventory valued at $3,588,010,000 after buying an extra 4,251,190 shares in the course of the interval. Lastly, FIFTHDELTA Ltd acquired a brand new stake in Common Motors within the 2nd quarter valued at about $72,013,000. 78.92% of the inventory is at the moment owned by institutional buyers and hedge funds.
Common Motors Inventory Up 0.5 %
Shares of NYSE:GM traded up $0.18 throughout buying and selling on Tuesday, hitting $33.82. 11,645,994 shares of the corporate’s inventory traded arms, in comparison with its common quantity of 11,664,838. The corporate has a 50-day shifting common worth of $37.86 and a 200-day shifting common worth of $36.54. Common Motors has a 52 week low of $30.33 and a 52 week excessive of $67.21. The corporate has a present ratio of 1.14, a fast ratio of 0.95 and a debt-to-equity ratio of 1.11. The corporate has a market cap of $48.05 billion, a price-to-earnings ratio of 5.73, a price-to-earnings-growth ratio of 0.48 and a beta of 1.33.
Common Motors (NYSE:GM – Get Rating) (TSE:GMM.U) final launched its quarterly earnings outcomes on Tuesday, October twenty fifth. The auto producer reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.36. The corporate had income of $41.89 billion in the course of the quarter, in comparison with analysts’ expectations of $42.05 billion. Common Motors had a web margin of 6.57% and a return on fairness of 14.88%. The enterprise’s quarterly income was up 56.4% in comparison with the identical quarter final yr. Throughout the identical quarter within the prior yr, the corporate earned $1.52 earnings per share. As a gaggle, analysis analysts forecast that Common Motors will put up 7.05 EPS for the present fiscal yr.
Common Motors Proclaims Dividend
The corporate additionally lately declared a quarterly dividend, which was paid on Thursday, December fifteenth. Shareholders of report on Friday, December 2nd got a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized foundation and a yield of 1.06%. The ex-dividend date of this dividend was Thursday, December 1st. Common Motors’s dividend payout ratio (DPR) is at the moment 6.10%.
Analyst Upgrades and Downgrades
GM has been the topic of quite a lot of latest analysis reviews. Wells Fargo & Firm elevated their goal worth on Common Motors from $29.00 to $30.00 and gave the inventory an “underweight” ranking in a report on Wednesday, October twenty sixth. Financial institution of America lowered their goal worth on shares of Common Motors from $95.00 to $90.00 and set a “purchase” ranking on the inventory in a report on Friday, September ninth. JPMorgan Chase & Co. lifted their worth goal on shares of Common Motors from $58.00 to $59.00 and gave the corporate an “chubby” ranking in a report on Wednesday, October twenty sixth. Daiwa Capital Markets raised their worth goal on shares of Common Motors to $38.00 in a report on Thursday, October twenty seventh. Lastly, Deutsche Financial institution Aktiengesellschaft decreased their goal worth on Common Motors from $36.00 to $35.00 and set a “maintain” ranking on the inventory in a report on Wednesday, October twenty sixth. One analyst has rated the inventory with a promote ranking, seven have given a maintain ranking and fourteen have issued a purchase ranking to the inventory. In line with MarketBeat, the corporate at the moment has a consensus ranking of “Reasonable Purchase” and a median goal worth of $51.74.
About Common Motors
Common Motors Firm designs, builds, and sells vehicles, crossovers, automobiles, and vehicle elements and equipment in North America, the Asia Pacific, the Center East, Africa, South America, the US, and China. The corporate operates by GM North America, GM Worldwide, Cruise, and GM Monetary segments.
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