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General Motors CEO Daniel Akerson Bought 25,000 Shares

August 09, 2012 | About:
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Chairman and CEO of General Motors Company (GM) Daniel F. Akerson bought 25,000 shares on 08/08/2012 at an average price of $20.35. The total transaction amount is $508,750. General Motors Company is engaged in the designing, manufacturing and retailing of vehicles globally including passenger cars, crossover vehicles, and light trucks, sport utility vehicles, vans and other vehicles. General Motors Company has a market cap of $31.39 billion; its shares were traded at around $20.69 with a P/E ratio of 6.2 and P/S ratio of 0.2.

Aside from CEO Daniel Akerson, other insiders have also recently traded in the company. Director Thomas Schoewe bought 3,800 shares of GM on 3/5/2012. Senior Vice President Mary Barra sold 5,199 shares of GM stock on 6/11/2012 at the average price of $22.07.

Mr. Daniel F. Akerson, Dan has been the CEO of General Motors Company since Sept. 1, 2010 and has been its chairman since Jan. 1, 2011. Mr. Akerson served as the head of Global Buyout and managing director of The Carlyle Group LP, since July 2009. He earned his B.S. in engineering from the U.S. Naval Academy.

GM recently announced second quarter net income attributable to common stockholders of $1.5 billion, or $0.90 per fully diluted share. In the second quarter a year ago, GM’s net income attributable to common stockholders was $2.5 billion, or $1.54 per fully diluted share.

Several gurus hold positions in GM. David Tepper bought 2,202,153 shares in the quarter that ended on 03/31/2012, which is 1.4% of the $4.05 billion portfolio of Appaloosa Management LP. Warren Buffett bought 10,000,000 shares in the quarter that ended on 03/31/2012, which is 0.34% of the $75.3 billion portfolio of Berkshire Hathaway. Ken Heebner sold out his holdings in the quarter that ended on 03/31/2012.

Rating: 4.3/5 (7 votes)

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