General Motors (NYSE:GM) Stock Price Down 0%

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U was down 0% during trading on Friday . The stock traded as low as $45.41 and last traded at $45.61. Approximately 4,357,554 shares traded hands during trading, a decline of 75% from the average daily volume of 17,358,705 shares. The stock had previously closed at $45.62.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GM. Redburn Atlantic started coverage on shares of General Motors in a research note on Wednesday, January 24th. They issued a "neutral" rating and a $40.00 target price for the company. Barclays lifted their price objective on shares of General Motors from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday. Wells Fargo & Company raised their price target on General Motors from $28.00 to $30.00 and gave the stock an "underweight" rating in a report on Wednesday. UBS Group upped their price target on General Motors from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, The Goldman Sachs Group raised their price objective on shares of General Motors from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, three have issued 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $54.65.

General Motors Price Performance

The company has a market capitalization of $52.28 billion, a PE ratio of 5.60, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. The firm's 50-day moving average is $42.13 and its 200-day moving average is $36.19.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data 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 firm had revenue of $43.01 billion during the quarter, compared to analysts' expectations of $41.09 billion. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The company's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.21 EPS. Equities analysts predict that General Motors will post 9.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.05%. General Motors's payout ratio is 5.87%.

Insider Buying and Selling

In related news, CAO Christopher Hatto sold 3,500 shares of the company's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief accounting officer now directly owns 12,007 shares in the company, valued at approximately $540,315. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of the business's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the transaction, the executive vice president now directly owns 87,567 shares of the company's stock, valued at approximately $3,348,562.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Christopher Hatto sold 3,500 shares of the company's stock in a transaction on 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 owns 12,007 shares of the company's stock, valued at $540,315. The disclosure for this sale can be found here. Insiders have sold a total of 86,248 shares of company stock worth $3,614,078 in the last ninety days. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On General Motors

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Unison Advisors LLC increased its stake 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 purchasing an additional 246 shares in the last quarter. Janiczek Wealth Management LLC boosted its position in shares of General Motors by 5.2% in the first 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. FinTrust Capital Advisors LLC increased its stake in shares of General Motors by 2.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 11,113 shares of the auto manufacturer's stock worth $399,000 after purchasing an additional 268 shares in the last quarter. Summit Financial LLC raised its position in shares of General Motors by 4.3% during the 4th quarter. Summit Financial LLC now owns 6,662 shares of the auto manufacturer's stock valued at $239,000 after purchasing an additional 273 shares during the period. Finally, Sutton Place Investors LLC lifted its stake in shares of General Motors by 1.7% during the 1st quarter. Sutton Place Investors LLC now owns 17,236 shares of the auto manufacturer's stock valued at $782,000 after buying an additional 280 shares in the last quarter. 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.

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