General Motors (NYSE:GM) Stock Price Down 0.1%

General Motors (NYSE:GM) (TSE:GMM.U)’s stock price dropped 0.1% during trading on Monday . The company traded as low as $45.54 and last traded at $45.81. Approximately 2,716,439 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 17,270,109 shares. The stock had previously closed at $45.84.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on GM shares. Redburn Atlantic started coverage on General Motors in a research note on Wednesday, January 24th. They set a “neutral” rating and a $40.00 price objective on the stock. Deutsche Bank Aktiengesellschaft increased their target price on General Motors from $44.00 to $50.00 and gave the company a “hold” rating in a report on Tuesday, April 23rd. TheStreet raised General Motors from a “c+” rating to a “b-” rating in a research note on Tuesday, March 19th. Mizuho boosted their price objective on General Motors from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Tigress Financial raised their target price on shares of General Motors from $86.00 to $88.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, General Motors has an average rating of “Moderate Buy” and a consensus target price of $54.65.

General Motors Stock Performance

The firm has a market capitalization of $50.81 billion, a P/E ratio of 5.44, a PEG ratio of 0.54 and a beta of 1.51. The company has a 50-day simple moving average of $42.53 and a two-hundred day simple moving average of $36.57. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 1.16.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) 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 business 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 company earned $2.21 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, equities analysts forecast that General Motors will post 9.44 EPS for the current year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be issued 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 1.08%. General Motors’s payout ratio is 5.87%.

Insider Activity at General Motors

In related news, EVP Julian G. Blissett sold 13,826 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the transaction, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Gerald Johnson sold 15,190 shares of the stock in a transaction 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 sale, the executive vice president now directly 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 Securities & Exchange Commission, which is available at this link. Also, EVP Julian G. Blissett sold 13,826 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the completion of the transaction, the executive vice president now directly owns 87,567 shares of the company’s stock, valued at approximately $3,348,562.08. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock valued at $3,614,078 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of General Motors by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer’s stock valued at $3,674,861,000 after purchasing an additional 1,580,681 shares during the period. Putnam Investments LLC boosted its holdings in shares of General Motors by 16.8% in the fourth quarter. Putnam Investments LLC now owns 20,237,820 shares of the auto manufacturer’s stock worth $726,942,000 after buying an additional 2,905,689 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in General Motors by 21.9% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 18,097,486 shares of the auto manufacturer’s stock valued at $650,062,000 after buying an additional 3,247,050 shares during the period. Norges Bank purchased a new stake in General Motors during the fourth quarter valued at approximately $602,280,000. Finally, Morgan Stanley raised its position in General Motors by 1.3% in the third quarter. Morgan Stanley now owns 15,212,672 shares of the auto manufacturer’s stock worth $501,562,000 after acquiring an additional 201,080 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

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.