General Motors (NYSE:GM) Stock Price Down 0.8%

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) shares dropped 0.8% during mid-day trading on Tuesday . The company traded as low as $44.56 and last traded at $44.76. Approximately 2,817,465 shares changed hands during trading, a decline of 83% from the average daily volume of 16,241,871 shares. The stock had previously closed at $45.11.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GM shares. Mizuho upped their price target on General Motors from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. UBS Group upped their price target on General Motors from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Sanford C. Bernstein assumed coverage on General Motors in a research note on Thursday, April 25th. They issued an “outperform” rating and a $55.00 price objective on the stock. StockNews.com raised General Motors from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. Finally, The Goldman Sachs Group boosted their price objective on General Motors from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, General Motors presently has an average rating of “Moderate Buy” and a consensus price target of $54.65.

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General Motors Price Performance

The business has a fifty day moving average of $44.14 and a two-hundred day moving average of $38.33. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 1.16. The firm has a market capitalization of $50.02 billion, a price-to-earnings ratio of 5.37, a price-to-earnings-growth ratio of 0.52 and a beta of 1.49.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The firm had revenue of $43.01 billion during the quarter, compared to analysts’ expectations of $41.09 billion. During the same period in the previous year, the business posted $2.21 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, research analysts predict that General Motors will post 9.4 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.09%. General Motors’s dividend payout ratio (DPR) is 5.87%.

Insiders Place Their Bets

In other news, EVP Gerald Johnson sold 15,190 shares of General Motors stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.03, for a total transaction of $608,055.70. Following the completion of the sale, the executive vice president now owns 98,628 shares of the company’s stock, valued at $3,948,078.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, 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 transaction of $608,055.70. Following the sale, the executive vice president now directly owns 98,628 shares of the company’s stock, valued at approximately $3,948,078.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Christopher Hatto sold 3,500 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.00, for a total value of $157,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,007 shares of the company’s stock, valued at approximately $540,315. The disclosure for this sale can be found here. Insiders sold a total of 72,422 shares of company stock valued at $3,085,372 over the last ninety days. 0.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GM. LifeSteps Financial Inc. bought a new stake in shares of General Motors during the first quarter worth about $25,000. Montag A & Associates Inc. acquired a new position in shares of General Motors in the first quarter worth approximately $30,000. YHB Investment Advisors Inc. acquired a new position in shares of General Motors in the first quarter worth approximately $32,000. LRI Investments LLC acquired a new position in shares of General Motors in the first quarter worth approximately $34,000. Finally, Highlander Capital Management LLC acquired a new position in shares of General Motors in the fourth quarter worth approximately $27,000. Institutional investors own 92.67% of the company’s stock.

General Motors Company Profile

(Get Free Report)

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.

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