General Motors Co. (NYSE:GM) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday. The brokerage currently has a $37.00 target price on the auto manufacturer’s stock, up from their previous target price of $29.00. Morgan Stanley’s target price would indicate a potential upside of 16.90% from the stock’s current price.

Several other brokerages also recently commented on GM. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $34.00 price objective (up previously from $32.00) on shares of General Motors in a research report on Sunday, July 24th. Vetr cut General Motors from a “strong-buy” rating to a “buy” rating and set a $35.06 target price for the company. in a report on Monday, September 5th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $43.00 target price on shares of General Motors in a report on Tuesday, July 26th. Citigroup Inc. reiterated a “buy” rating and issued a $50.00 target price on shares of General Motors in a report on Thursday, July 21st. Finally, Royal Bank Of Canada upped their target price on General Motors from $32.00 to $34.00 and gave the stock a “sector perform” rating in a report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $35.62.

Shares of General Motors (NYSE:GM) opened at 31.65 on Monday. The company has a market capitalization of $49.43 billion, a P/E ratio of 4.05 and a beta of 1.70. The company has a 50-day moving average price of $31.40 and a 200 day moving average price of $30.80. General Motors has a 12-month low of $26.69 and a 12-month high of $36.88.

General Motors (NYSE:GM) last announced its quarterly earnings data on Thursday, July 21st. The auto manufacturer reported $1.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.35. The company had revenue of $42.40 billion for the quarter, compared to the consensus estimate of $38.81 billion. General Motors had a return on equity of 23.96% and a net margin of 7.90%. General Motors’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.29 EPS. On average, equities analysts anticipate that General Motors will post $5.84 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.80%. The ex-dividend date is Wednesday, September 7th. General Motors’s dividend payout ratio (DPR) is 19.46%.

In other General Motors news, Director Jane L. Mendillo acquired 1,600 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were bought at an average cost of $31.01 per share, with a total value of $49,616.00. Following the completion of the acquisition, the director now owns 1,600 shares in the company, valued at $49,616. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas S. Timko sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $31.94, for a total value of $199,625.00. Following the completion of the sale, the vice president now directly owns 27,477 shares in the company, valued at $877,615.38. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Mariner Wealth Advisors LLC raised its stake in shares of General Motors by 0.3% in the first quarter. Mariner Wealth Advisors LLC now owns 6,550 shares of the auto manufacturer’s stock valued at $206,000 after buying an additional 20 shares during the last quarter. WFG Advisors LP raised its stake in shares of General Motors by 0.5% in the second quarter. WFG Advisors LP now owns 9,031 shares of the auto manufacturer’s stock valued at $256,000 after buying an additional 48 shares during the last quarter. First Interstate Bank raised its stake in shares of General Motors by 0.5% in the second quarter. First Interstate Bank now owns 19,295 shares of the auto manufacturer’s stock valued at $546,000 after buying an additional 100 shares during the last quarter. Westport Resources Management Inc. raised its stake in shares of General Motors by 0.3% in the second quarter. Westport Resources Management Inc. now owns 30,405 shares of the auto manufacturer’s stock valued at $860,000 after buying an additional 100 shares during the last quarter. Finally, Point View Wealth Management Inc. raised its stake in shares of General Motors by 0.7% in the second quarter. Point View Wealth Management Inc. now owns 19,125 shares of the auto manufacturer’s stock valued at $541,000 after buying an additional 125 shares during the last quarter. 70.40% of the stock is currently owned by institutional investors.

General Motors Company Profile

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).

5 Day Chart for NYSE:GM

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