General Motors (NYSE:GM) Trading Down 0.8%

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U traded down 0.8% during mid-day trading on Tuesday . The company traded as low as $44.56 and last traded at $44.76. 2,817,465 shares were traded during mid-day trading, a decline of 83% from the average session volume of 16,241,871 shares. The stock had previously closed at $45.11.

Wall Street Analyst Weigh In

GM has been the topic of several recent analyst reports. Mizuho raised their price objective on shares of General Motors from $48.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on General Motors from $44.00 to $50.00 and gave the company a "hold" rating in a research report on Tuesday, April 23rd. Citigroup increased their target price on General Motors from $95.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, April 24th. Barclays boosted their price target on General Motors from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, April 26th. Finally, Piper Sandler increased their price objective on shares of General Motors from $44.00 to $45.00 and gave the company a "neutral" rating in a report on Wednesday, April 24th. One equities 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $54.65.

General Motors Stock Performance

The firm has a market capitalization of $51.25 billion, a PE ratio of 5.49, a P/E/G ratio of 0.54 and a beta of 1.49. The business has a 50-day simple moving average of $44.07 and a 200-day simple moving average of $38.29. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 0.97.

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, beating the consensus estimate 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 return on equity of 14.40% and a net margin of 6.13%. General Motors's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.21 EPS. Equities research analysts expect that General Motors will post 9.4 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, June 7th. General Motors's dividend payout ratio (DPR) is currently 5.87%.

Insiders Place Their Bets

In related news, CAO Christopher Hatto sold 3,500 shares of the business'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 in the company, valued at approximately $540,315. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction dated 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 owns 12,007 shares in the company, valued at approximately $540,315. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Gerald Johnson sold 15,190 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $40.03, for a total transaction of $608,055.70. Following the transaction, the executive vice president now directly owns 98,628 shares in the company, valued at $3,948,078.84. The disclosure for this sale can be found here. Insiders sold a total of 72,422 shares of company stock valued at $3,085,372 over the last 90 days. Insiders own 0.72% of the company's stock.

Hedge Funds Weigh In On General Motors

Hedge funds and other institutional investors have recently made changes to their positions in the company. SouthState Corp boosted its position in General Motors by 173.8% during the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer's stock valued at $25,000 after acquiring an additional 485 shares in the last quarter. LifeSteps Financial Inc. purchased a new position in General Motors in the first quarter valued at about $25,000. Highlander Capital Management LLC purchased a new stake in shares of General Motors during the fourth quarter valued at about $27,000. Cape Investment Advisory Inc. boosted its holdings in shares of General Motors by 75.9% in the 4th quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto manufacturer's stock valued at $30,000 after buying an additional 359 shares in the last quarter. Finally, Montag A & Associates Inc. purchased a new position in shares of General Motors in the 1st quarter worth approximately $30,000. 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.