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

General Motors (NYSE:GM) (TSE:GMM.U)’s share price rose 0.8% during mid-day trading on Monday . The stock traded as high as $45.54 and last traded at $45.23. Approximately 3,762,168 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 17,027,994 shares. The stock had previously closed at $44.86.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of General Motors from $28.00 to $30.00 and gave the stock an “underweight” rating in a report on Wednesday, April 24th. Mizuho lifted their price objective on General Motors from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. TheStreet raised shares of General Motors from a “c+” rating to a “b-” rating in a report on Tuesday, March 19th. Morgan Stanley raised their price target on shares of General Motors from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Finally, Barclays increased their target price on General Motors from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.65.

General Motors Trading Down 0.5 %

The stock’s fifty day simple moving average is $43.05 and its 200 day simple moving average is $37.11. The firm has a market capitalization of $51.41 billion, a PE ratio of 5.51, a PEG ratio of 0.53 and a beta of 1.49. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 1.22.

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

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be paid 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 dividend payout ratio (DPR) is presently 5.87%.

Insider Buying and Selling

In other news, EVP Julian G. Blissett sold 13,826 shares of the business’s stock in a transaction dated 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 $3,348,562.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the sale, the executive vice president now directly owns 87,567 shares of the company’s stock, valued at approximately $3,348,562.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Christopher Hatto sold 15,510 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now owns 21,507 shares of the company’s stock, valued at approximately $860,710.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,248 shares of company stock valued at $3,614,078. Company insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On General Motors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bell Investment Advisors Inc raised its position in shares of General Motors by 39.7% during the 1st quarter. Bell Investment Advisors Inc now owns 897 shares of the auto manufacturer’s stock valued at $41,000 after buying an additional 255 shares in the last quarter. US Bancorp DE raised its position in General Motors by 1.6% during the first quarter. US Bancorp DE now owns 88,246 shares of the auto manufacturer’s stock valued at $4,002,000 after purchasing an additional 1,358 shares during the period. Hohimer Wealth Management LLC bought a new stake in shares of General Motors in the 1st quarter valued at approximately $4,689,000. Russell Investments Group Ltd. boosted its holdings in shares of General Motors by 9.1% in the 1st quarter. Russell Investments Group Ltd. now owns 3,496,314 shares of the auto manufacturer’s stock worth $158,495,000 after purchasing an additional 292,012 shares during the period. Finally, QRG Capital Management Inc. increased its position in shares of General Motors by 13.8% during the 1st quarter. QRG Capital Management Inc. now owns 155,739 shares of the auto manufacturer’s stock valued at $7,063,000 after purchasing an additional 18,869 shares during the last quarter. 92.67% of the stock is owned by institutional investors.

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.