General Motors (NYSE:GM) Shares Up 0.3%

Shares of General Motors (NYSE:GM) (TSE:GMM.U) shot up 0.3% during mid-day trading on Friday . The company traded as high as $45.55 and last traded at $44.81. 2,824,678 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 17,096,680 shares. The stock had previously closed at $44.67.

Analysts Set New Price Targets

Several equities research analysts have commented on GM shares. StockNews.com upgraded shares of General Motors from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. TheStreet upgraded shares of General Motors from a “c+” rating to a “b-” rating in a research note on Tuesday, March 19th. Royal Bank of Canada increased their target price on shares of General Motors from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Citigroup boosted their price target on shares of General Motors from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Piper Sandler increased their price objective on shares of General Motors from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, General Motors presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.65.

General Motors Trading Up 0.4 %

The company’s 50 day simple moving average is $42.74 and its two-hundred day simple moving average is $36.69. The stock has a market cap of $51.18 billion, a price-to-earnings ratio of 5.48, a price-to-earnings-growth ratio of 0.52 and a beta of 1.49. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 1.16.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. The company had revenue of $43.01 billion during 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 last year, the business earned $2.21 EPS. Research analysts expect that General Motors will post 9.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.07%. General Motors’s payout ratio is currently 5.87%.

Insider Buying and Selling

In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the transaction, the executive vice president now directly owns 87,567 shares of the company’s stock, valued at approximately $3,348,562.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CAO Christopher Hatto sold 15,510 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.02, for a total value of $620,710.20. Following the completion of the sale, the chief accounting officer now owns 21,507 shares in the company, valued at $860,710.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Julian G. Blissett sold 13,826 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the transaction, the executive vice president now owns 87,567 shares in the company, valued at $3,348,562.08. The disclosure for this sale can be found here. Insiders have sold 86,248 shares of company stock worth $3,614,078 in the last quarter. 0.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On General Motors

Several institutional investors and hedge funds have recently bought and sold shares of the business. LifeSteps Financial Inc. acquired a new position in shares of General Motors in the 1st quarter worth approximately $25,000. YHB Investment Advisors Inc. acquired a new stake in shares of General Motors in the 1st quarter valued at $32,000. Highlander Capital Management LLC bought a new stake in shares of General Motors in the 4th quarter worth about $27,000. SouthState Corp increased its position in shares of General Motors by 173.8% during the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 485 shares in the last quarter. Finally, Riverview Trust Co bought a new position in General Motors during the 1st quarter valued at about $38,000. Institutional investors own 92.67% of the company’s stock.

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.