General Motors Co. (NYSE:GM) (TSE:GMM.U) declared a quarterly dividend on Monday, October 24th. Investors of record on Wednesday, December 7th will be given a dividend of 0.38 per share by the auto manufacturer on Thursday, December 22nd. This represents a $1.52 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Monday, December 5th.

General Motors (NYSE:GM) opened at 34.57 on Wednesday. The firm has a market capitalization of $52.70 billion, a price-to-earnings ratio of 3.95 and a beta of 1.42. General Motors has a 1-year low of $26.69 and a 1-year high of $36.52. The company has a 50-day moving average of $32.29 and a 200-day moving average of $31.18.

General Motors (NYSE:GM) last issued its quarterly earnings data on Tuesday, October 25th. The auto manufacturer reported $1.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.28. The firm earned $42.80 billion during the quarter, compared to analysts’ expectations of $39.11 billion. General Motors had a net margin of 8.58% and a return on equity of 23.22%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.50 earnings per share. On average, equities analysts predict that General Motors will post $6.01 earnings per share for the current year.

Dividend History for General Motors (NYSE:GM)

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A number of large investors have recently bought and sold shares of GM. Sei Investments Co. boosted its stake in General Motors by 3.8% in the second quarter. Sei Investments Co. now owns 1,169,385 shares of the auto manufacturer’s stock valued at $33,094,000 after buying an additional 42,435 shares in the last quarter. American National Registered Investment Advisor Inc. boosted its position in General Motors by 77.5% in the second quarter. American National Registered Investment Advisor Inc. now owns 19,415 shares of the auto manufacturer’s stock worth $549,000 after buying an additional 8,475 shares during the period. Quadrature Capital Ltd bought a new position in General Motors during the second quarter worth approximately $628,000. Atlantic Trust Group LLC boosted its position in General Motors by 42.3% in the second quarter. Atlantic Trust Group LLC now owns 60,129 shares of the auto manufacturer’s stock worth $1,701,000 after buying an additional 17,875 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in General Motors by 19.5% in the second quarter. Canada Pension Plan Investment Board now owns 613,410 shares of the auto manufacturer’s stock worth $17,360,000 after buying an additional 100,200 shares during the period. 70.71% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the stock. Berenberg Bank reaffirmed a “sell” rating and issued a $29.00 price target on shares of General Motors in a research note on Monday. Vetr raised shares of General Motors from a “sell” rating to a “hold” rating and set a $33.71 price target on the stock in a research note on Thursday, November 24th. reaffirmed a “strong-buy” rating on shares of General Motors in a research note on Thursday, November 10th. Nomura set a $33.00 price target on shares of General Motors and gave the company a “hold” rating in a research note on Thursday, October 27th. Finally, Bank of America Corp. lowered shares of General Motors from a “buy” rating to a “neutral” rating and lifted their price target for the company from $26.69 to $31.60 in a research note on Wednesday, October 26th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $36.06.

General Motors Company Profile

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.

5 Day Chart for NYSE:GM

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