General Motors Co. (GM) Given Average Rating of “Hold” by Brokerages
General Motors Co. (NYSE:GM) has been assigned an average recommendation of “Hold” from the twenty-four analysts that are currently covering the firm. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $37.38.
A number of research analysts have weighed in on GM shares. Tigress Financial restated a “buy” rating on shares of General Motors in a research note on Wednesday, June 22nd. Zacks Investment Research raised General Motors from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Wednesday, June 22nd. Vetr cut General Motors from a “strong-buy” rating to a “buy” rating and set a $33.03 price objective for the company. in a research report on Monday, June 20th. SunTrust Banks Inc. reaffirmed a “buy” rating and issued a $28.00 price objective on shares of General Motors in a research report on Monday, June 20th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $50.00 price objective on shares of General Motors in a research report on Thursday, July 21st.
In other General Motors news, VP Thomas S. Timko sold 6,250 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $31.94, for a total value of $199,625.00. Following the sale, the vice president now owns 27,477 shares in the company, valued at approximately $877,615.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jane L. Mendillo purchased 1,600 shares of General Motors stock in a transaction on Tuesday, August 2nd. The stock was bought at an average price of $31.01 per share, for a total transaction of $49,616.00. Following the transaction, the director now directly owns 1,600 shares in the company, valued at approximately $49,616. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Kovitz Investment Group Partners LLC bought a new stake in General Motors during the first quarter worth approximately $56,200,000. National Pension Service raised its stake in General Motors by 4.1% in the first quarter. National Pension Service now owns 823,356 shares of the auto manufacturer’s stock worth $25,878,000 after buying an additional 32,253 shares during the period. Natixis raised its stake in General Motors by 576.0% in the first quarter. Natixis now owns 2,515,846 shares of the auto manufacturer’s stock worth $79,073,000 after buying an additional 2,143,679 shares during the period. Acadian Asset Management LLC raised its stake in General Motors by 6.5% in the second quarter. Acadian Asset Management LLC now owns 28,095 shares of the auto manufacturer’s stock worth $795,000 after buying an additional 1,722 shares during the period. Finally, Artemis Investment Management LLP raised its stake in General Motors by 126.9% in the second quarter. Artemis Investment Management LLP now owns 6,464,090 shares of the auto manufacturer’s stock worth $182,903,000 after buying an additional 3,615,099 shares during the period. Hedge funds and other institutional investors own 70.40% of the company’s stock.
General Motors (NYSE:GM) traded down 1.52% during mid-day trading on Thursday, hitting $31.20. The stock had a trading volume of 5,778,160 shares. General Motors has a one year low of $26.69 and a one year high of $36.88. The stock’s 50 day moving average price is $31.75 and its 200 day moving average price is $30.88. The firm has a market capitalization of $48.73 billion, a price-to-earnings ratio of 4.00 and a beta of 1.65.
General Motors (NYSE:GM) last posted its quarterly earnings results on Thursday, July 21st. The auto manufacturer reported $1.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.35. The firm earned $42.40 billion during the quarter, compared to the consensus estimate of $38.81 billion. General Motors had a return on equity of 23.96% and a net margin of 7.90%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $1.29 earnings per share. Analysts forecast that General Motors will post $5.83 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were given a $0.38 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.80%. General Motors’s dividend payout ratio (DPR) is presently 19.46%.
About General Motors
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.
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