General Motors (NYSE:GM) Sets New 12-Month High – Here’s What Happened

General Motors Company (NYSE:GM) (TSE:GMM.U) shares hit a new 52-week high on Monday . The stock traded as high as $73.93 and last traded at $73.78, with a volume of 1718915 shares changing hands. The stock had previously closed at $73.52.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GM. Argus set a $78.00 price target on General Motors in a report on Thursday, October 23rd. Jefferies Financial Group raised their price objective on shares of General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, October 6th. UBS Group boosted their target price on shares of General Motors from $81.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings cut General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research note on Saturday, October 25th. Finally, Tigress Financial upped their price target on shares of General Motors from $88.00 to $92.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.27.

General Motors Price Performance

The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. The stock’s 50-day moving average is $65.02 and its two-hundred day moving average is $57.19. The stock has a market cap of $68.50 billion, a PE ratio of 14.78, a PEG ratio of 0.96 and a beta of 1.41.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, topping the consensus estimate of $2.32 by $0.48. The business had revenue of $48.59 billion during the quarter, compared to the consensus estimate of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, equities analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. General Motors’s dividend payout ratio (DPR) is currently 12.07%.

Insider Activity

In other news, President Mark L. Reuss sold 260,600 shares of the company’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total value of $17,316,870.00. Following the sale, the president directly owned 98,006 shares in the company, valued at $6,512,498.70. This represents a 72.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mary T. Barra sold 753,720 shares of the firm’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total value of $45,185,514.00. Following the sale, the chief executive officer owned 433,527 shares in the company, valued at $25,989,943.65. This trade represents a 63.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,288,534 shares of company stock valued at $79,253,568. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Trust Co. of Toledo NA OH bought a new stake in shares of General Motors during the 2nd quarter worth $25,000. GFG Capital LLC acquired a new position in shares of General Motors in the second quarter worth $27,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of General Motors during the 3rd quarter worth about $29,000. Kelleher Financial Advisors bought a new stake in General Motors in the third quarter worth approximately $29,000. Finally, Costello Asset Management INC acquired a new stake in shares of General Motors in the 1st quarter valued at $32,000. 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.