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

Key Points

• General Motors has received a consensus rating of "Hold" from 22 brokerages, with recommendations ranging from sell to strong buy.
• The company plans to pay a quarterly dividend of $0.15 on September 18th, representing an annualized yield of 1.1%.
• General Motors reported EPS of $2.53 for the last quarter, slightly exceeding analyst expectations, but revenue decreased by 1.8% year-over-year.

Shares of General Motors Company (NYSE:GM - Get Free Report) TSE: GMM.U have been assigned a consensus recommendation of "Hold" from the twenty-two brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $57.5263.

A number of equities research analysts have commented on GM shares. Barclays lifted their target price on shares of General Motors from $45.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. UBS Group lifted their target price on shares of General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a research report on Friday, July 11th. Industrial Alliance Securities set a $70.00 price objective on shares of General Motors in a research report on Friday, July 11th. Finally, Wells Fargo & Company raised their target price on General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a report on Wednesday, July 23rd.

Insider Buying and Selling

In other General Motors news, EVP Rory Harvey sold 23,977 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total value of $1,271,020.77. Following the sale, the executive vice president owned 8,513 shares in the company, valued at $451,274.13. The trade was a 73.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by insiders.

Institutional Trading of General Motors

Several hedge funds have recently made changes to their positions in GM. Vanguard Group Inc. raised its position in shares of General Motors by 11.5% during the 2nd quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer's stock valued at $5,450,485,000 after buying an additional 11,418,367 shares in the last quarter. Norges Bank purchased a new stake in General Motors in the 2nd quarter worth about $444,319,000. AQR Capital Management LLC raised its position in General Motors by 146.8% in the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock worth $629,196,000 after purchasing an additional 8,012,743 shares during the period. Nuveen LLC purchased a new stake in General Motors in the 1st quarter worth about $175,889,000. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in General Motors in the 2nd quarter worth about $125,583,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Price Performance

Shares of NYSE GM opened at $55.63 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. General Motors has a twelve month low of $41.60 and a twelve month high of $61.24. The firm has a market cap of $52.96 billion, a P/E ratio of 8.83, a PEG ratio of 1.15 and a beta of 1.36. The company has a 50 day moving average of $51.34 and a 200 day moving average of $48.86.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its 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 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 quarter in the previous year, the firm posted $3.06 EPS. The firm's revenue was down 1.8% on a year-over-year basis. As a group, research analysts expect that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be paid a $0.15 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.1%. General Motors's payout ratio is presently 9.52%.

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.

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