General Motors (NYSE:GM) Stock Price Down 1.4%

Shares of General Motors (NYSE:GM - Get Free Report) TSE: GMM.U were down 1.4% during trading on Wednesday . The company traded as low as $43.92 and last traded at $44.27. Approximately 3,098,483 shares traded hands during trading, a decline of 81% from the average daily volume of 16,182,372 shares. The stock had previously closed at $44.92.

Analysts Set New Price Targets

A number of analysts have recently commented on GM shares. Barclays lifted their price target on General Motors from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, April 26th. Deutsche Bank Aktiengesellschaft raised their price objective on General Motors from $44.00 to $50.00 and gave the stock a "hold" rating in a research report on Tuesday, April 23rd. Redburn Atlantic initiated coverage on General Motors in a research report on Wednesday, January 24th. They set a "neutral" rating and a $40.00 price objective for the company. 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 report on Wednesday, April 10th. Finally, Piper Sandler raised their price objective on General Motors from $44.00 to $45.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.65.

General Motors Stock Performance

The stock has a market cap of $50.16 billion, a P/E ratio of 5.41, a P/E/G ratio of 0.53 and a beta of 1.49. The company has a fifty day moving average price of $44.07 and a 200 day moving average price 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 announced its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) 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 analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.21 earnings per share. On average, equities analysts expect that General Motors will post 9.4 EPS for the current year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, June 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.09%. General Motors's payout ratio is 5.87%.

Insider Activity at General Motors

In related news, CAO Christopher Hatto sold 15,510 shares of General Motors 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 transaction, the chief accounting officer now owns 21,507 shares of the company's stock, valued at $860,710.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other General Motors news, EVP Gerald Johnson sold 15,190 shares of the business's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.03, for a total value of $608,055.70. Following the transaction, the executive vice president now owns 98,628 shares of the company's stock, valued at $3,948,078.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Christopher Hatto sold 15,510 shares of the business's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.02, for a total value of $620,710.20. Following the completion of the transaction, the chief accounting officer now directly owns 21,507 shares in the company, valued at approximately $860,710.14. The disclosure for this sale can be found here. Insiders have 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Atria Investments Inc raised its stake in shares of General Motors by 0.7% in the first quarter. Atria Investments Inc now owns 252,561 shares of the auto manufacturer's stock valued at $11,454,000 after buying an additional 1,673 shares during the period. Swedbank AB bought a new stake in shares of General Motors in the first quarter valued at $159,750,000. LRI Investments LLC bought a new stake in shares of General Motors in the first quarter valued at $34,000. New Covenant Trust Company N.A. bought a new stake in shares of General Motors in the first quarter valued at $108,000. Finally, Plato Investment Management Ltd raised its stake in shares of General Motors by 872.0% in the first quarter. Plato Investment Management Ltd now owns 55,714 shares of the auto manufacturer's stock valued at $2,527,000 after buying an additional 49,982 shares during the period. 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.