General Motors Company (NYSE:GM) Plans Quarterly Dividend of $0.15

General Motors Company (NYSE:GM - Get Free Report) TSE: GMM.U declared a quarterly dividend on Monday, July 21st, RTT News reports. Stockholders of record on Friday, September 5th will be paid a dividend of 0.15 per share by the auto manufacturer on Thursday, September 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, September 5th.

General Motors has a payout ratio of 6.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect General Motors to earn $11.82 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 5.1%.

General Motors Trading Down 1.4%

Shares of GM traded down $0.74 on Thursday, reaching $52.39. 10,217,868 shares of the company's stock were exchanged, compared to its average volume of 10,361,164. The company has a current ratio of 1.22, a quick ratio of 1.04 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $49.88 billion, a P/E ratio of 8.32, a price-to-earnings-growth ratio of 1.41 and a beta of 1.32. The business has a 50 day moving average price of $50.17 and a two-hundred day moving average price of $48.72. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The business had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. During the same period in the previous year, the firm posted $3.06 earnings per share. General Motors's revenue for the quarter was down 1.8% compared to the same quarter last year. Research analysts anticipate that General Motors will post 11.44 earnings per share for the current year.

Institutional Investors Weigh In On General Motors

A hedge fund recently raised its stake in General Motors stock. Brighton Jones LLC increased its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 456.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,717 shares of the auto manufacturer's stock after purchasing an additional 31,755 shares during the period. Brighton Jones LLC's holdings in General Motors were worth $2,062,000 as of its most recent SEC filing. 92.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a report on Monday. Royal Bank Of Canada increased their target price on shares of General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. CLSA upgraded shares of General Motors to a "moderate buy" rating in a report on Monday, July 7th. Citigroup increased their target price on shares of General Motors from $59.00 to $61.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Benchmark began coverage on shares of General Motors in a research note on Monday. They issued a "buy" rating and a $65.00 price target for the company. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $56.35.

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.