General Motors (NYSE:GM) Trading 1.4% Higher

Shares of General Motors (NYSE:GM) (TSE:GMM.U) were up 1.4% on Tuesday . The stock traded as high as $45.84 and last traded at $45.69. Approximately 2,641,211 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 16,937,660 shares. The stock had previously closed at $45.06.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GM. Barclays upped their price objective on shares of General Motors from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of General Motors from $44.00 to $50.00 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Piper Sandler lifted their price target on shares of General Motors from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Citigroup increased their price objective on General Motors from $95.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, StockNews.com upgraded General Motors from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, General Motors currently has an average rating of “Moderate Buy” and an average target price of $54.65.

General Motors Price Performance

The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $51.66 billion, a PE ratio of 5.59, a price-to-earnings-growth ratio of 0.53 and a beta of 1.49. The firm has a 50 day moving average price of $42.95 and a 200 day moving average price of $37.00.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.60. The firm 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%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.21 earnings per share. Research analysts anticipate that General Motors will post 9.44 earnings per share for the current year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.06%. General Motors’s dividend payout ratio is presently 5.87%.

Insider Buying and Selling at General Motors

In other news, EVP Julian G. Blissett sold 13,826 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now owns 87,567 shares of the company’s stock, valued at approximately $3,348,562.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other General Motors news, CAO Christopher Hatto sold 15,510 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $860,710.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Julian G. Blissett sold 13,826 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the transaction, the executive vice president now directly owns 87,567 shares in the company, valued at $3,348,562.08. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock worth $3,614,078 over the last three months. Corporate insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On General Motors

A number of institutional investors have recently bought and sold shares of GM. LifeSteps Financial Inc. acquired a new stake in shares of General Motors in the 1st quarter valued at $25,000. YHB Investment Advisors Inc. acquired a new stake in shares of General Motors during the first quarter worth about $32,000. Highlander Capital Management LLC acquired a new position in General Motors during the fourth quarter worth approximately $27,000. SouthState Corp boosted its stake in General Motors by 173.8% during the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 485 shares during the period. Finally, Riverview Trust Co acquired a new stake in shares of General Motors during the first quarter worth about $38,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

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.