General Motors (NYSE:GM) Shares Up 1.4%

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U shares were up 1.4% on Tuesday . The company traded as high as $45.84 and last traded at $45.69. Approximately 2,641,211 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 16,937,660 shares. The stock had previously closed at $45.06.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GM. Tigress Financial boosted their price target on shares of General Motors from $86.00 to $88.00 and gave the stock a "strong-buy" rating in a research note on Thursday, February 15th. Barclays increased their target price on General Motors from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, April 26th. Mizuho lifted their price target on General Motors from $48.00 to $52.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. TheStreet upgraded General Motors from a "c+" rating to a "b-" rating in a research report on Tuesday, March 19th. Finally, Piper Sandler raised their price objective on General Motors from $44.00 to $45.00 and gave the company a "neutral" rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, General Motors has an average rating of "Moderate Buy" and a consensus price target of $54.65.

General Motors Trading Up 0.5 %

The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $51.67 billion, a PE ratio of 5.54, a price-to-earnings-growth ratio of 0.53 and a beta of 1.49. The stock's fifty day moving average price is $43.05 and its two-hundred day moving average price is $37.11.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.60. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The business had revenue of $43.01 billion during the quarter, compared to analysts' expectations of $41.09 billion. During the same quarter last year, the business posted $2.21 EPS. The business's revenue was up 7.6% on a year-over-year basis. Sell-side analysts anticipate that General Motors will post 9.44 earnings per share for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, June 7th. General Motors's payout ratio is 5.87%.

Insider Buying and Selling

In other news, CAO Christopher Hatto sold 3,500 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total value of $157,500.00. Following the completion of the transaction, the chief accounting officer now owns 12,007 shares of the company's stock, valued at approximately $540,315. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Gerald Johnson sold 27,122 shares of General Motors stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.26, for a total value of $1,227,541.72. Following the completion of the transaction, the executive vice president now owns 71,506 shares of the company's stock, valued at approximately $3,236,361.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,007 shares of the company's stock, valued at $540,315. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock valued at $3,614,078 over the last three months. Corporate insiders own 0.72% of the company's stock.

Institutional Investors Weigh In On General Motors

Institutional investors and hedge funds have recently made changes to their positions in the company. SouthState Corp boosted its holdings in shares of General Motors by 173.8% during the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer's stock valued at $25,000 after acquiring an additional 485 shares during the last quarter. LifeSteps Financial Inc. bought a new stake in General Motors in the 1st quarter worth approximately $25,000. Highlander Capital Management LLC purchased a new stake in General Motors during the 4th quarter valued at $27,000. Cape Investment Advisory Inc. lifted its holdings in shares of General Motors by 75.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto manufacturer's stock valued at $30,000 after buying an additional 359 shares during the period. Finally, Montag A & Associates Inc. bought a new position in shares of General Motors during the 1st quarter valued at $30,000. Institutional investors 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.