General Motors (NYSE:GM) Trading Down 0.4%

Shares of General Motors (NYSE:GM - Get Free Report) TSE: GMM.U dropped 0.4% on Friday . The company traded as low as $45.66 and last traded at $45.69. Approximately 2,071,690 shares traded hands during trading, a decline of 87% from the average daily volume of 16,365,839 shares. The stock had previously closed at $45.87.

Wall Street Analyst Weigh In

GM has been the subject of a number of recent research reports. UBS Group boosted their target price on General Motors from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, April 24th. The Goldman Sachs Group lifted their price objective on General Motors from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, January 31st. Royal Bank of Canada lifted their price objective on General Motors from $54.00 to $56.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 23rd. Redburn Atlantic began coverage on General Motors in a research note on Wednesday, January 24th. They set a "neutral" rating and a $40.00 price objective for the company. Finally, Citigroup lifted their price objective on General Motors from $95.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $54.65.

General Motors Trading Down 0.2 %

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 business has a 50-day simple moving average of $43.72 and a two-hundred day simple moving average of $37.80. The stock has a market cap of $52.21 billion, a price-to-earnings ratio of 5.59, a P/E/G ratio of 0.54 and a beta of 1.49.

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 return on equity of 14.40% and a net margin of 6.13%. The firm had revenue of $43.01 billion during the quarter, compared to the consensus estimate of $41.09 billion. During the same quarter in the prior year, the firm posted $2.21 EPS. The business's revenue was up 7.6% on a year-over-year basis. As a group, research analysts forecast that General Motors will post 9.4 EPS for the current year.

General Motors Dividend Announcement

The business also recently disclosed 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 1.05%. The ex-dividend date is Friday, June 7th. General Motors's dividend payout ratio is currently 5.87%.

Insider Transactions at General Motors

In other news, CAO Christopher Hatto sold 3,500 shares of the company's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 12,007 shares in the company, valued at approximately $540,315. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CAO Christopher Hatto sold 3,500 shares of the stock in a transaction 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 sale, the chief accounting officer now owns 12,007 shares in the company, valued at approximately $540,315. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rory Harvey sold 5,100 shares of the 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 approximately $544,800.32. 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 90 days. Corporate insiders own 0.72% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GM. Wealthfront Advisers LLC increased its position in General Motors by 4.1% during the 3rd quarter. Wealthfront Advisers LLC now owns 101,036 shares of the auto manufacturer's stock worth $3,331,000 after buying an additional 3,994 shares during the period. New Mexico Educational Retirement Board grew its holdings in shares of General Motors by 6.6% during the 3rd quarter. New Mexico Educational Retirement Board now owns 72,300 shares of the auto manufacturer's stock worth $2,384,000 after purchasing an additional 4,500 shares in the last quarter. Confluence Wealth Services Inc. acquired a new stake in shares of General Motors during the 3rd quarter worth $252,000. WealthPlan Investment Management LLC grew its holdings in shares of General Motors by 8,855.8% during the 3rd quarter. WealthPlan Investment Management LLC now owns 10,120 shares of the auto manufacturer's stock worth $334,000 after purchasing an additional 10,007 shares in the last quarter. Finally, Banque Pictet & Cie SA grew its holdings in shares of General Motors by 15.4% during the 3rd quarter. Banque Pictet & Cie SA now owns 26,200 shares of the auto manufacturer's stock worth $864,000 after purchasing an additional 3,500 shares in the last quarter. 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.