General Motors Company (NYSE:GM) Receives Consensus Rating of "Hold" from Analysts

General Motors Company (NYSE:GM - Get Free Report) TSE: GMM.U has been assigned an average rating of "Hold" from the twenty-one ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $58.0526.

A number of equities analysts have issued reports on the company. Benchmark assumed coverage on General Motors in a report on Monday, July 21st. They issued a "buy" rating and a $65.00 target price for the company. Industrial Alliance Securities set a $70.00 price target on General Motors in a research report on Friday, July 11th. Mizuho upped their price target on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Bank of America cut their target price on General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company upped their target price on General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a research report on Wednesday, July 23rd.

General Motors Price Performance

Shares of General Motors stock traded up $0.94 during trading on Monday, reaching $58.28. 2,964,728 shares of the company's stock were exchanged, compared to its average volume of 11,323,517. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. General Motors has a 1-year low of $41.60 and a 1-year high of $61.24. The company has a market cap of $55.48 billion, a P/E ratio of 9.25, a PEG ratio of 1.22 and a beta of 1.32. The firm's 50-day moving average price is $54.86 and its 200 day moving average price is $50.15.

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 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The company had revenue of $47.12 billion during the quarter, compared to analysts' expectations of $45.87 billion. During the same quarter in the previous year, the firm earned $3.06 EPS. General Motors's revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, research analysts anticipate that General Motors will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be issued a $0.15 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.0%. General Motors's dividend payout ratio is presently 9.52%.

Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total value of $2,027,900.40. Following the transaction, the chief accounting officer owned 12,007 shares in the company, valued at approximately $661,585.70. This represents a 75.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rory Harvey sold 23,977 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total value of $1,271,020.77. Following the completion of the transaction, the executive vice president owned 8,513 shares in the company, valued at approximately $451,274.13. The trade was a 73.80% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,070,311 shares of company stock worth $62,095,433. Corporate insiders own 0.54% of the company's stock.

Institutional Trading of General Motors

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in General Motors by 11.5% during the 2nd 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. Dimensional Fund Advisors LP boosted its holdings in General Motors by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer's stock worth $676,322,000 after acquiring an additional 316,196 shares during the last quarter. Invesco Ltd. boosted its holdings in General Motors by 4.5% during the 1st quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer's stock worth $646,482,000 after acquiring an additional 594,217 shares during the last quarter. AQR Capital Management LLC boosted its holdings in General Motors by 146.8% during the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock worth $629,196,000 after acquiring an additional 8,012,743 shares during the last quarter. Finally, Viking Global Investors LP increased its position in shares of General Motors by 81.1% during the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer's stock valued at $640,659,000 after acquiring an additional 5,830,050 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

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.