General Motors (NYSE:GM) Hits New 12-Month High – What’s Next?

General Motors Company (NYSE:GM) (TSE:GMM.U) hit a new 52-week high during trading on Tuesday . The stock traded as high as $77.35 and last traded at $76.9060, with a volume of 2494375 shares trading hands. The stock had previously closed at $75.71.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GM shares. Evercore ISI boosted their price objective on shares of General Motors from $68.00 to $74.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. The Goldman Sachs Group restated a “buy” rating and issued a $93.00 price target on shares of General Motors in a report on Tuesday. Argus set a $78.00 price target on General Motors in a research report on Thursday, October 23rd. TD Cowen increased their price objective on shares of General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Barclays raised their target price on shares of General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.77.

General Motors Trading Up 1.7%

The business has a 50 day simple moving average of $66.78 and a two-hundred day simple moving average of $58.24. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. The company has a market cap of $71.86 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 0.87 and a beta of 1.30.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. The firm had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the company earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, analysts forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. General Motors’s dividend payout ratio (DPR) is currently 12.07%.

Insider Activity at General Motors

In other General Motors news, EVP Rory Harvey sold 6,600 shares of the company’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $61.95, for a total transaction of $408,870.00. Following the completion of the sale, the executive vice president directly owned 8,513 shares in the company, valued at $527,380.35. This represents a 43.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Christopher Hatto sold 7,724 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total value of $556,128.00. Following the completion of the transaction, the chief accounting officer owned 12,007 shares in the company, valued at approximately $864,504. This trade represents a 39.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,288,534 shares of company stock valued at $79,253,568 over the last quarter. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of General Motors

Large investors have recently bought and sold shares of the company. Allworth Financial LP raised its stake in shares of General Motors by 28.9% during the third quarter. Allworth Financial LP now owns 16,860 shares of the auto manufacturer’s stock valued at $1,028,000 after purchasing an additional 3,777 shares during the period. IFP Advisors Inc boosted its stake in shares of General Motors by 2.0% in the third quarter. IFP Advisors Inc now owns 20,539 shares of the auto manufacturer’s stock valued at $1,252,000 after purchasing an additional 403 shares during the period. Swiss Life Asset Management Ltd increased its stake in General Motors by 17.6% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 121,105 shares of the auto manufacturer’s stock worth $7,384,000 after buying an additional 18,136 shares during the period. Tevis Investment Management lifted its holdings in General Motors by 6.4% in the 3rd quarter. Tevis Investment Management now owns 22,983 shares of the auto manufacturer’s stock worth $1,401,000 after buying an additional 1,384 shares in the last quarter. Finally, Groupama Asset Managment purchased a new position in General Motors in the 3rd quarter valued at about $503,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

About General Motors

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.