General Motors (NYSE:GM) Trading Down 1.1%

Shares of General Motors (NYSE:GM) (TSE:GMM.U) fell 1.1% on Thursday . The company traded as low as $43.45 and last traded at $43.50. 2,704,613 shares changed hands during trading, a decline of 83% from the average session volume of 16,137,685 shares. The stock had previously closed at $43.97.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GM. Royal Bank of Canada raised their price objective on General Motors from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. The Goldman Sachs Group raised their price target on General Motors from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Wedbush lifted their target price on General Motors from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft raised their price target on General Motors from $44.00 to $50.00 and gave the company a “hold” rating in a report on Tuesday, April 23rd. Finally, StockNews.com raised General Motors from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.65.

General Motors Stock Down 1.0 %

The company has a market cap of $49.69 billion, a P/E ratio of 5.32, a P/E/G ratio of 0.52 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. The business’s 50 day moving average is $44.14 and its 200 day moving average is $38.33.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. The business had revenue of $43.01 billion for the quarter, compared to the consensus estimate of $41.09 billion. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.21 earnings per share. As a group, equities analysts anticipate that General Motors will post 9.4 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Friday, June 7th. General Motors’s payout ratio is 5.87%.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 5,100 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $43.04, for a total transaction of $219,504.00. Following the sale, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at approximately $544,800.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Rory Harvey sold 5,100 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $43.04, for a total transaction of $219,504.00. Following the sale, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at approximately $544,800.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Christopher Hatto sold 15,510 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $40.02, for a total transaction of $620,710.20. Following the sale, the chief accounting officer now directly owns 21,507 shares in the company, valued at $860,710.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,422 shares of company stock valued at $3,085,372. 0.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GM. Norges Bank acquired a new stake in General Motors in the 4th quarter valued at about $602,280,000. Capital World Investors increased its holdings in shares of General Motors by 14.6% during the 1st quarter. Capital World Investors now owns 48,767,573 shares of the auto manufacturer’s stock worth $2,211,609,000 after buying an additional 6,201,777 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of General Motors by 454.3% during the 3rd quarter. Acadian Asset Management LLC now owns 5,216,283 shares of the auto manufacturer’s stock worth $171,961,000 after purchasing an additional 4,275,293 shares during the period. Swedbank AB purchased a new position in shares of General Motors during the 1st quarter worth approximately $159,750,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of General Motors by 21.9% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 18,097,486 shares of the auto manufacturer’s stock worth $650,062,000 after purchasing an additional 3,247,050 shares during the period. 92.67% of the stock is owned by hedge funds and other 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.