General Motors (NYSE:GM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of General Motors (NYSE:GM) (TSE:GMM.U) from a hold rating to a buy rating in a research note published on Saturday.

A number of other analysts also recently weighed in on GM. Barclays increased their price target on General Motors from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Wells Fargo & Company upped their target price on General Motors from $46.00 to $48.00 and gave the company an “underweight” rating in a research report on Tuesday, December 9th. Tigress Financial lifted their target price on General Motors from $88.00 to $92.00 and gave the stock a “strong-buy” rating in a report on Friday, October 24th. Morgan Stanley raised General Motors from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $54.00 to $90.00 in a research note on Monday, December 8th. Finally, Royal Bank Of Canada increased their price target on General Motors from $77.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $75.76.

General Motors Stock Performance

NYSE:GM opened at $82.89 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. General Motors has a fifty-two week low of $41.60 and a fifty-two week high of $83.68. The company has a 50 day simple moving average of $73.88 and a two-hundred day simple moving average of $61.74. The company has a market capitalization of $77.32 billion, a PE ratio of 16.68, a P/E/G ratio of 0.75 and a beta of 1.30.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.48. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The company had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. During the same period in the prior year, the firm posted $2.96 EPS. The company’s quarterly revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Research analysts anticipate that General Motors will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, December 5th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, December 5th. This represents a $0.60 annualized dividend and a yield of 0.7%. General Motors’s dividend payout ratio is presently 12.07%.

Insiders Place Their Bets

In related news, CAO Christopher Hatto sold 15,697 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,098,790.00. Following the sale, the chief accounting officer owned 12,007 shares in the company, valued at $840,490. This represents a 56.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Mark L. Reuss sold 260,600 shares of General Motors stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total value of $17,316,870.00. Following the transaction, the president owned 98,006 shares of the company’s stock, valued at $6,512,498.70. This trade represents a 72.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 284,021 shares of company stock worth $18,971,788 over the last ninety days. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On General Motors

Institutional investors have recently added to or reduced their stakes in the company. Mirova lifted its position in shares of General Motors by 3.5% during the 3rd quarter. Mirova now owns 107,565 shares of the auto manufacturer’s stock worth $6,558,000 after buying an additional 3,591 shares in the last quarter. Triumph Capital Management purchased a new stake in shares of General Motors during the third quarter valued at approximately $66,000. AIA Group Ltd increased its position in shares of General Motors by 111.2% during the third quarter. AIA Group Ltd now owns 223,089 shares of the auto manufacturer’s stock valued at $13,602,000 after acquiring an additional 117,445 shares during the last quarter. Keel Point LLC bought a new stake in General Motors during the third quarter worth $265,000. Finally, Mirabella Financial Services LLP boosted its position in General Motors by 275.1% in the third quarter. Mirabella Financial Services LLP now owns 29,694 shares of the auto manufacturer’s stock worth $1,807,000 after purchasing an additional 21,777 shares during the last quarter. 92.67% of the stock is owned by institutional investors.

General Motors Company Profile

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.