General Motors (NYSE:GM) Trading Down 0.1%

Shares of General Motors (NYSE:GM - Get Free Report) TSE: GMM.U dropped 0.1% during trading on Monday . The company traded as low as $45.54 and last traded at $45.81. Approximately 2,716,439 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 17,270,109 shares. The stock had previously closed at $45.84.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. TheStreet raised shares of General Motors from a "c+" rating to a "b-" rating in a research report on Tuesday, March 19th. Barclays upped their target price on General Motors from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday. Redburn Atlantic began coverage on General Motors in a research report on Wednesday, January 24th. They set a "neutral" rating and a $40.00 price target for the company. Tigress Financial boosted their price target on General Motors from $86.00 to $88.00 and gave the company a "strong-buy" rating in a research note on Thursday, February 15th. Finally, Morgan Stanley raised their price objective on General Motors from $43.00 to $46.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, General Motors currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.65.

General Motors Stock Performance

The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 1.16. The firm has a market capitalization of $52.53 billion, a PE ratio of 5.60, a price-to-earnings-growth ratio of 0.54 and a beta of 1.51. The firm's 50 day moving average price is $42.27 and its 200-day moving average price is $36.36.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly 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. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The company had revenue of $43.01 billion for the quarter, compared to the consensus estimate of $41.09 billion. During the same quarter in the prior year, the business posted $2.21 earnings per share. General Motors's revenue for the quarter was up 7.6% on a year-over-year basis. On average, research analysts expect that General Motors will post 9.45 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. Investors of record on Friday, June 7th will be paid 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 yield of 1.04%. General Motors's dividend payout ratio is currently 5.87%.

Insider Buying and Selling

In other news, CAO Christopher Hatto sold 15,510 shares of General Motors stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.02, for a total value of $620,710.20. Following the sale, the chief accounting officer now owns 21,507 shares in the company, valued at $860,710.14. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other General Motors news, CAO Christopher Hatto sold 15,510 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $40.02, for a total transaction of $620,710.20. Following the completion of the sale, the chief accounting officer now directly owns 21,507 shares in the company, valued at approximately $860,710.14. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Julian G. Blissett sold 13,826 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the completion of the transaction, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,248 shares of company stock valued at $3,614,078. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On General Motors

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in General Motors by 1.4% during the third quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer's stock worth $3,674,861,000 after acquiring an additional 1,580,681 shares during the last quarter. Putnam Investments LLC lifted its stake in General Motors by 16.8% in the 4th quarter. Putnam Investments LLC now owns 20,237,820 shares of the auto manufacturer's stock worth $726,942,000 after purchasing an additional 2,905,689 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of General Motors by 21.9% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 18,097,486 shares of the auto manufacturer's stock worth $650,062,000 after purchasing an additional 3,247,050 shares during the last quarter. Norges Bank acquired a new stake in shares of General Motors in the fourth quarter valued at approximately $602,280,000. Finally, Morgan Stanley boosted its stake in General Motors by 1.3% during the third quarter. Morgan Stanley now owns 15,212,672 shares of the auto manufacturer's stock worth $501,562,000 after buying an additional 201,080 shares during 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.