General Motors (NYSE:GM) Stock Price Up 0.1%

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U shares were up 0.1% on Wednesday . The company traded as high as $45.40 and last traded at $45.33. Approximately 2,168,742 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 16,843,980 shares. The stock had previously closed at $45.28.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Sanford C. Bernstein started coverage on General Motors in a research report on Thursday, April 25th. They issued an "outperform" rating and a $55.00 price target for the company. The Goldman Sachs Group lifted their price target on General Motors from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, January 31st. TheStreet raised shares of General Motors from a "c+" rating to a "b-" rating in a report on Tuesday, March 19th. Redburn Atlantic initiated coverage on shares of General Motors in a research report on Wednesday, January 24th. They set a "neutral" rating and a $40.00 price objective for the company. Finally, StockNews.com upgraded shares of General Motors from a "hold" rating to a "buy" rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, General Motors presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.65.

General Motors Price Performance

The company's 50-day moving average price is $43.05 and its 200-day moving average price is $37.11. 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 firm has a market cap of $51.41 billion, a price-to-earnings ratio of 5.51, a PEG ratio of 0.53 and a beta of 1.49.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.60. The company had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.21 EPS. On average, equities research analysts forecast that General Motors will post 9.44 EPS for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, June 7th. This represents a $0.48 annualized dividend and a yield of 1.07%. General Motors's dividend payout ratio (DPR) is 5.87%.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 5,100 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $43.04, for a total transaction of $219,504.00. Following the completion of the transaction, the executive vice president now owns 12,658 shares in the company, valued at approximately $544,800.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Christopher Hatto sold 3,500 shares of the firm's 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 sale, 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 is available through this hyperlink. Also, EVP Rory Harvey sold 5,100 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $43.04, for a total value of $219,504.00. Following the completion of the transaction, the executive vice president now directly owns 12,658 shares of the company's stock, valued at $544,800.32. The disclosure for this sale can be found here. Insiders have sold 86,248 shares of company stock valued at $3,614,078 in the last quarter. Corporate insiders own 0.72% of the company's stock.

Institutional Trading of General Motors

Several institutional investors have recently modified their holdings of GM. Unison Advisors LLC raised its position in shares of General Motors by 0.4% in the 1st quarter. Unison Advisors LLC now owns 67,196 shares of the auto manufacturer's stock worth $3,047,000 after buying an additional 246 shares during the period. Janiczek Wealth Management LLC raised its holdings in shares of General Motors by 5.2% in the 1st quarter. Janiczek Wealth Management LLC now owns 5,063 shares of the auto manufacturer's stock worth $230,000 after purchasing an additional 248 shares during the period. SkyOak Wealth LLC lifted its stake in shares of General Motors by 3.0% in the 1st quarter. SkyOak Wealth LLC now owns 8,727 shares of the auto manufacturer's stock valued at $396,000 after purchasing an additional 252 shares in the last quarter. Bell Investment Advisors Inc grew its holdings in shares of General Motors by 39.7% during the 1st quarter. Bell Investment Advisors Inc now owns 897 shares of the auto manufacturer's stock worth $41,000 after purchasing an additional 255 shares during the period. Finally, Turtle Creek Wealth Advisors LLC raised its holdings in General Motors by 2.2% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 12,013 shares of the auto manufacturer's stock valued at $545,000 after buying an additional 258 shares during the period. Hedge funds and other 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.