Several other equities analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price target on General Motors from $33.00 to $36.00 in a report on Wednesday, February 1st. Citigroup lifted their price objective on General Motors from $81.00 to $82.00 and gave the stock a buy rating in a report on Thursday, February 2nd. TheStreet upgraded General Motors from a c+ rating to a b- rating in a report on Thursday, November 10th. Wolfe Research downgraded General Motors from an outperform rating to a peer perform rating in a report on Thursday, November 10th. Finally, Morgan Stanley lifted their price objective on General Motors from $32.00 to $35.00 and gave the stock an equal weight rating in a report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $47.44.
General Motors Stock Performance
Shares of General Motors stock opened at $43.10 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $60.11 billion, a P/E ratio of 7.03, a P/E/G ratio of 0.71 and a beta of 1.37. The business has a fifty day simple moving average of $37.33 and a two-hundred day simple moving average of $37.65. General Motors has a 12 month low of $30.33 and a 12 month high of $49.85.
General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, January 31st. The auto manufacturer reported $2.12 EPS for the quarter, beating the consensus estimate of $1.68 by $0.44. General Motors had a return on equity of 16.08% and a net margin of 6.34%. The business had revenue of $43.11 billion during the quarter, compared to analyst estimates of $40.62 billion. During the same quarter last year, the firm posted $1.35 earnings per share. The company’s revenue for the quarter was up 28.4% on a year-over-year basis. On average, equities analysts forecast that General Motors will post 6.11 earnings per share for the current fiscal year.
General Motors Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 16th. Investors of record on Friday, March 3rd will be issued a $0.09 dividend. The ex-dividend date is Thursday, March 2nd. This represents a $0.36 dividend on an annualized basis and a yield of 0.84%. General Motors’s dividend payout ratio is presently 5.87%.
Insider Buying and Selling
In related news, EVP Gerald Johnson sold 15,743 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $42.65, for a total value of $671,438.95. Following the transaction, the executive vice president now directly owns 71,209 shares of the company’s stock, valued at approximately $3,037,063.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Gerald Johnson sold 15,743 shares of the stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $42.65, for a total transaction of $671,438.95. Following the completion of the transaction, the executive vice president now directly owns 71,209 shares in the company, valued at approximately $3,037,063.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen K. Carlisle sold 18,000 shares of the stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $41.97, for a total value of $755,460.00. Following the transaction, the executive vice president now owns 46,170 shares of the company’s stock, valued at $1,937,754.90. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of GM. Penserra Capital Management LLC raised its holdings in General Motors by 85.8% during the 1st quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 283 shares during the period. Clear Investment Research LLC purchased a new stake in General Motors during the 3rd quarter valued at $31,000. Chilton Capital Management LLC purchased a new stake in General Motors during the 2nd quarter valued at $32,000. Elequin Securities LLC purchased a new stake in General Motors during the 4th quarter valued at $35,000. Finally, Hoey Investments Inc. raised its holdings in General Motors by 1,537.1% during the 2nd quarter. Hoey Investments Inc. now owns 1,146 shares of the auto manufacturer’s stock valued at $36,000 after buying an additional 1,076 shares during the period. 78.92% of the stock is currently owned by institutional investors.
General Motors Company Profile
General Motors Co engages in the designing, manufacturing, and selling of trucks, crossovers, cars, and automobile parts and in providing software-enabled services and subscriptions. It operates through the following segments: GMNA, GMI, Cruise, and GM Financial. The company was founded by William C.
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