General Motors (NYSE:GM) Trading 0.1% Higher

General Motors (NYSE:GM) (TSE:GMM.U) shot up 0.1% during mid-day trading on Wednesday . The company traded as high as $45.40 and last traded at $45.33. 2,168,742 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 16,843,980 shares. The stock had previously closed at $45.28.

Analyst Upgrades and Downgrades

GM has been the subject of several research analyst reports. Barclays raised their price target on General Motors from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Redburn Atlantic started coverage on shares of General Motors in a research note on Wednesday, January 24th. They set a “neutral” rating and a $40.00 price target on the stock. Mizuho raised their price objective on shares of General Motors from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Wells Fargo & Company upped their target price on shares of General Motors from $28.00 to $30.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 24th. Finally, Tigress Financial boosted their price target on shares of General Motors from $86.00 to $88.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.65.

General Motors Price Performance

The firm has a market capitalization of $51.40 billion, a PE ratio of 5.54, a P/E/G ratio of 0.53 and a beta of 1.49. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. The company has a fifty day moving average price of $43.05 and a two-hundred day moving average price of $37.11.

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

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.07%. General Motors’s payout ratio is 5.87%.

Insider Activity at General Motors

In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the transaction, the executive vice president now directly owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Gerald Johnson sold 15,190 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were 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 in the company, valued at $3,948,078.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Julian G. Blissett sold 13,826 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the sale, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The disclosure for this sale can be found here. Insiders have sold 86,248 shares of company stock worth $3,614,078 in the last quarter. Company insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On General Motors

A number of institutional investors have recently modified their holdings of GM. SouthState Corp increased its stake in General Motors by 173.8% in the third quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 485 shares during the last quarter. LifeSteps Financial Inc. acquired a new stake in shares of General Motors during the 1st quarter worth $25,000. Highlander Capital Management LLC acquired a new position in General Motors in the fourth quarter valued at $27,000. Cape Investment Advisory Inc. grew its position in General Motors by 75.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto manufacturer’s stock valued at $30,000 after acquiring an additional 359 shares during the period. Finally, Montag A & Associates Inc. purchased a new position in shares of General Motors in the 1st quarter worth about $30,000. 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.