General Motors Company (NYSE:GM) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of General Motors Company (NYSE:GM) (TSE:GMM.U) have earned a consensus recommendation of “Moderate Buy” from the twenty-five brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $70.2727.

GM has been the subject of several research reports. Wedbush set a $75.00 price objective on shares of General Motors and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Barclays lifted their target price on shares of General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Citigroup increased their price target on General Motors from $75.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Wells Fargo & Company raised their price objective on General Motors from $40.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, October 22nd. Finally, Mizuho set a $76.00 price objective on General Motors in a research note on Wednesday, October 22nd.

General Motors Trading Up 1.1%

General Motors stock traded up $0.83 during midday trading on Friday, reaching $73.64. The stock had a trading volume of 3,754,998 shares, compared to its average volume of 10,873,495. The stock’s 50-day simple moving average is $65.02 and its 200 day simple moving average is $57.10. General Motors has a twelve month low of $41.60 and a twelve month high of $73.86. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. The stock has a market capitalization of $68.69 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The company had revenue of $48.59 billion for the quarter, compared to the consensus estimate of $44.60 billion. During the same period last year, the business posted $2.96 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Analysts expect that General Motors will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.60 annualized dividend and a yield of 0.8%. General Motors’s payout ratio is 12.07%.

Insider Buying and Selling

In other General Motors news, EVP Rory Harvey sold 6,600 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.95, for a total value of $408,870.00. Following the completion of the sale, the executive vice president owned 8,513 shares of the company’s stock, valued at $527,380.35. This trade represents a 43.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mary T. Barra sold 753,720 shares of General Motors stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the sale, the chief executive officer owned 433,527 shares in the company, valued at $25,989,943.65. This represents a 63.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,288,534 shares of company stock worth $79,253,568 in the last 90 days. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On General Motors

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of General Motors by 11.5% during the second quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock worth $5,450,485,000 after acquiring an additional 11,418,367 shares during the last quarter. Franklin Resources Inc. grew its stake in General Motors by 3.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,322,758 shares of the auto manufacturer’s stock valued at $1,909,748,000 after purchasing an additional 989,189 shares in the last quarter. Capital World Investors increased its holdings in General Motors by 8.2% during the 3rd quarter. Capital World Investors now owns 18,130,519 shares of the auto manufacturer’s stock worth $1,105,420,000 after purchasing an additional 1,366,467 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of General Motors by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer’s stock valued at $676,322,000 after purchasing an additional 316,196 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of General Motors by 5.5% during the 3rd quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock valued at $868,986,000 after buying an additional 748,831 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

About General Motors

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.