General Motors Co. (NYSE:GM) traded down 3.5% on Thursday . The company traded as low as $30.65 and last traded at $30.90, with a volume of 14,291,543 shares traded. The stock had previously closed at $32.02.

A number of research analysts recently issued reports on GM shares. Vetr upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $32.30 target price for the company in a report on Wednesday, June 1st. Goldman Sachs Group Inc. increased their target price on shares of General Motors from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Friday, April 22nd. Buckingham Research reiterated a “neutral” rating on shares of General Motors in a report on Thursday, May 5th. Robert W. Baird restated a “neutral” rating and set a $25.00 price target on shares of General Motors in a research report on Monday, June 20th. Finally, Citigroup Inc. restated a “buy” rating and set a $50.00 price target on shares of General Motors in a research report on Thursday, July 21st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $35.16.

The firm has a 50-day moving average price of $29.82 and a 200 day moving average price of $30.24. The firm has a market capitalization of $48.40 billion and a price-to-earnings ratio of 3.97.

General Motors (NYSE:GM) last issued its quarterly earnings results on Thursday, July 21st. The auto manufacturer reported $1.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.35. The company had revenue of $42.40 billion for the quarter, compared to analysts’ expectations of $38.81 billion. General Motors’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 EPS. On average, equities research analysts forecast that General Motors Co. will post $5.85 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be given a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.90%.

In other news, EVP James B. Deluca sold 10,374 shares of the stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $31.48, for a total transaction of $326,573.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Other large investors recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in General Motors by 4.5% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 189,132 shares of the auto manufacturer’s stock valued at $6,432,000 after buying an additional 8,178 shares during the period. Principal Financial Group Inc. boosted its stake in General Motors by 63.0% in the fourth quarter. Principal Financial Group Inc. now owns 3,037,974 shares of the auto manufacturer’s stock valued at $103,321,000 after buying an additional 1,173,995 shares during the period. Golub Group LLC boosted its stake in General Motors by 1.0% in the fourth quarter. Golub Group LLC now owns 911,147 shares of the auto manufacturer’s stock valued at $30,988,000 after buying an additional 8,950 shares during the period. Pekin Singer Strauss Asset Management IL boosted its stake in General Motors by 20.5% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 63,159 shares of the auto manufacturer’s stock valued at $2,148,000 after buying an additional 10,764 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in General Motors by 14.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 149,713 shares of the auto manufacturer’s stock valued at $5,092,000 after buying an additional 18,579 shares during the period.

General Motors Company (General Motors) designs, builds and sells cars, trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s four automotive segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO) and GM South America (GMSA).

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