General Motors (NYSE:GM) Shares Down 0%

Shares of General Motors (NYSE:GM) (TSE:GMM.U) fell 0% on Friday . The stock traded as low as $45.41 and last traded at $45.61. 4,357,554 shares traded hands during trading, a decline of 75% from the average session volume of 17,358,705 shares. The stock had previously closed at $45.62.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GM. Wedbush boosted their price target on shares of General Motors from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank of Canada upped their price target on General Motors from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday. Morgan Stanley lifted their price objective on General Motors from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Barclays raised their target price on General Motors from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday. Finally, TheStreet upgraded shares of General Motors from a “c+” rating to a “b-” rating in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.65.

General Motors Price Performance

The company has a market capitalization of $52.28 billion, a PE ratio of 5.60, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 0.90. The company’s 50 day simple moving average is $42.13 and its 200 day simple moving average is $36.19.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.60. The firm had revenue of $43.01 billion during the quarter, compared to analysts’ expectations of $41.09 billion. General Motors had a net margin of 6.13% and a return on equity of 14.40%. General Motors’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.21 earnings per share. As a group, sell-side analysts predict that General Motors will post 9.44 earnings per share for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.05%. General Motors’s dividend payout ratio is presently 5.87%.

Insider Buying and Selling at General Motors

In other news, CAO Christopher Hatto sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the transaction, the chief accounting officer now directly owns 12,007 shares in the company, valued at $540,315. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other General Motors news, CAO Christopher Hatto sold 3,500 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief accounting officer now directly owns 12,007 shares of the company’s stock, valued at approximately $540,315. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gerald Johnson sold 15,190 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.03, for a total value of $608,055.70. Following the sale, the executive vice president now directly owns 98,628 shares of the company’s stock, valued at $3,948,078.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,248 shares of company stock worth $3,614,078. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On General Motors

A number of hedge funds have recently added to or reduced their stakes in GM. Impact Partnership Wealth LLC boosted its stake in shares of General Motors by 53.8% in the third quarter. Impact Partnership Wealth LLC now owns 1,649 shares of the auto manufacturer’s stock valued at $54,000 after buying an additional 577 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of General Motors during the 3rd quarter worth $122,000. Caprock Group LLC grew its stake in shares of General Motors by 8.8% during the 3rd quarter. Caprock Group LLC now owns 21,652 shares of the auto manufacturer’s stock worth $714,000 after purchasing an additional 1,757 shares during the period. CX Institutional increased its holdings in shares of General Motors by 4.2% in the 3rd quarter. CX Institutional now owns 10,675 shares of the auto manufacturer’s stock valued at $352,000 after purchasing an additional 431 shares in the last quarter. Finally, Czech National Bank lifted its stake in shares of General Motors by 46.1% in the third quarter. Czech National Bank now owns 240,480 shares of the auto manufacturer’s stock valued at $7,929,000 after purchasing an additional 75,873 shares during the period. 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.