General Motors (NYSE:GM) Stock Price Down 2.5%

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U's stock price fell 2.5% on Tuesday . The company traded as low as $44.70 and last traded at $44.91. 3,820,311 shares were traded during trading, a decline of 78% from the average session volume of 17,201,422 shares. The stock had previously closed at $46.04.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GM shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of General Motors from $44.00 to $50.00 and gave the company a "hold" rating in a research note on Tuesday, April 23rd. TheStreet raised shares of General Motors from a "c+" rating to a "b-" rating in a research note on Tuesday, March 19th. Morgan Stanley increased their price objective on shares of General Motors from $43.00 to $46.00 and gave the company an "overweight" rating in a research note on Wednesday, April 10th. Redburn Atlantic assumed coverage on shares of General Motors in a report on Wednesday, January 24th. They issued a "neutral" rating and a $40.00 target price on the stock. Finally, Barclays upped their target price on shares of General Motors from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.65.

General Motors Price Performance

The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 0.97. The company's 50-day simple moving average is $42.53 and its 200-day simple moving average is $36.57. The company has a market cap of $50.81 billion, a price-to-earnings ratio of 5.44, a P/E/G ratio of 0.54 and a beta of 1.51.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The business had revenue of $43.01 billion during the quarter, compared to the consensus estimate of $41.09 billion. During the same quarter last year, the company earned $2.21 earnings per share. The business's quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that General Motors will post 9.45 EPS for the current year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, June 7th. General Motors's payout ratio is currently 5.87%.

Insider Transactions at General Motors

In other General Motors news, EVP Rory Harvey sold 5,100 shares of General Motors stock in a transaction 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 owns 12,658 shares of the company's stock, valued at $544,800.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other General Motors news, EVP Gerald Johnson sold 27,122 shares of the firm's stock in a transaction on 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 sale, the executive vice president now directly owns 71,506 shares in the company, valued at $3,236,361.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rory Harvey sold 5,100 shares of the firm's stock in a transaction 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 sale, the executive vice president now owns 12,658 shares in the company, valued at $544,800.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,248 shares of company stock valued at $3,614,078. 0.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On General Motors

A number of hedge funds have recently added to or reduced their stakes in GM. LifeSteps Financial Inc. bought a new stake in shares of General Motors during the first quarter valued at about $25,000. YHB Investment Advisors Inc. bought a new stake in shares of General Motors during the first quarter valued at about $32,000. Highlander Capital Management LLC bought a new stake in shares of General Motors during the fourth quarter valued at about $27,000. SouthState Corp raised its stake in shares of General Motors by 173.8% during the third quarter. SouthState Corp now owns 764 shares of the auto manufacturer's stock valued at $25,000 after purchasing an additional 485 shares in the last quarter. Finally, Riverview Trust Co bought a new stake in shares of General Motors during the first quarter valued at about $38,000. 92.67% of the stock is currently owned by institutional investors.

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.