General Motors (NYSE:GM) Stock Price Down 1.4%

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) shares dropped 1.4% during trading on Wednesday . The company traded as low as $43.92 and last traded at $44.27. Approximately 3,098,483 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 16,182,372 shares. The stock had previously closed at $44.92.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Tigress Financial lifted their price target on General Motors from $86.00 to $88.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 15th. StockNews.com upgraded shares of General Motors from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Piper Sandler boosted their price objective on shares of General Motors from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft raised their target price on General Motors from $44.00 to $50.00 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Finally, Barclays upped their price target on General Motors from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.65.

Get Our Latest Analysis on General Motors

General Motors Stock Performance

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 business’s 50-day moving average is $44.23 and its 200-day moving average is $38.37. The company has a market capitalization of $50.34 billion, a PE ratio of 5.39, a PEG ratio of 0.51 and a beta of 1.49.

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

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors 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 yield of 1.09%. General Motors’s payout ratio is currently 5.87%.

Insider Activity at General Motors

In other General Motors news, EVP Gerald Johnson sold 15,190 shares of General Motors 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 completion of the sale, the executive vice president now 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 available at the SEC website. In other news, EVP Gerald Johnson sold 15,190 shares of the business’s stock in a transaction on Monday, February 26th. The shares were 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 approximately $3,948,078.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Christopher Hatto sold 15,510 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $40.02, for a total transaction of $620,710.20. Following the completion of the sale, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at $860,710.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,422 shares of company stock valued at $3,085,372. 0.72% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On General Motors

A number of institutional investors and hedge funds have recently bought and sold shares of GM. WealthPlan Investment Management LLC boosted its stake in General Motors by 8,855.8% in the 3rd quarter. WealthPlan Investment Management LLC now owns 10,120 shares of the auto manufacturer’s stock worth $334,000 after purchasing an additional 10,007 shares during the period. Larson Financial Group LLC boosted its position in shares of General Motors by 60.4% during the third quarter. Larson Financial Group LLC now owns 1,832 shares of the auto manufacturer’s stock worth $60,000 after acquiring an additional 690 shares during the last quarter. Corient Private Wealth LLC grew its stake in General Motors by 8.2% during the third quarter. Corient Private Wealth LLC now owns 279,702 shares of the auto manufacturer’s stock valued at $9,221,000 after acquiring an additional 21,238 shares in the last quarter. Signaturefd LLC increased its holdings in General Motors by 14.0% in the 3rd quarter. Signaturefd LLC now owns 18,202 shares of the auto manufacturer’s stock valued at $600,000 after acquiring an additional 2,240 shares during the last quarter. Finally, Capula Management Ltd lifted its stake in General Motors by 110.0% in the 3rd quarter. Capula Management Ltd now owns 11,660 shares of the auto manufacturer’s stock worth $384,000 after purchasing an additional 127,808 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

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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