Investors Buy Shares of General Motors (GM) on Weakness

Investors purchased shares of General Motors (NYSE:GM) (TSE:GMM.U) on weakness during trading on Monday. $168.67 million flowed into the stock on the tick-up and $30.48 million flowed out of the stock on the tick-down, for a money net flow of $138.19 million into the stock. Of all equities tracked, General Motors had the 6th highest net in-flow for the day. General Motors traded down ($0.07) for the day and closed at $38.63

A number of research analysts have weighed in on GM shares. Deutsche Bank started coverage on General Motors in a report on Thursday, December 13th. They issued a “buy” rating on the stock. Royal Bank of Canada raised their price objective on General Motors from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday. BMO Capital Markets upgraded General Motors from a “market perform” rating to an “outperform” rating in a report on Monday, January 7th. Zacks Investment Research upgraded General Motors from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Friday, November 16th. Finally, Citigroup lifted their price target on General Motors to $67.00 and gave the stock a “buy” rating in a report on Friday. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $46.97.

The company has a debt-to-equity ratio of 1.71, a current ratio of 0.92 and a quick ratio of 0.80. The stock has a market capitalization of $54.23 billion, a PE ratio of 5.91, a PEG ratio of 0.72 and a beta of 1.26.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Wednesday, February 6th. The auto manufacturer reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.22. The firm had revenue of $38.40 billion during the quarter, compared to the consensus estimate of $36.31 billion. General Motors had a return on equity of 23.99% and a net margin of 5.45%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the company earned $1.65 EPS. As a group, research analysts anticipate that General Motors will post 6.34 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Thursday, March 7th. General Motors’s payout ratio is 23.24%.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in General Motors by 2.9% in the third quarter. Vanguard Group Inc. now owns 96,849,509 shares of the auto manufacturer’s stock valued at $3,260,923,000 after purchasing an additional 2,699,178 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of General Motors by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 96,849,509 shares of the auto manufacturer’s stock worth $3,260,923,000 after acquiring an additional 2,699,178 shares in the last quarter. Capital World Investors lifted its holdings in General Motors by 15.4% during the 3rd quarter. Capital World Investors now owns 83,910,382 shares of the auto manufacturer’s stock worth $2,825,263,000 after buying an additional 11,218,495 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in General Motors by 2,701.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,064,309 shares of the auto manufacturer’s stock worth $1,018,000 after buying an additional 32,848,376 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in General Motors by 38.9% during the 3rd quarter. Franklin Resources Inc. now owns 27,084,102 shares of the auto manufacturer’s stock worth $911,922,000 after buying an additional 7,578,850 shares in the last quarter. 77.74% of the stock is owned by hedge funds and other institutional investors.

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General Motors Company Profile (NYSE:GM)

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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