General Motors (NYSE:GM) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of General Motors (NYSE:GMFree Report) (TSE:GMM.U) from a buy rating to a hold rating in a report published on Sunday.

GM has been the subject of a number of other reports. Wells Fargo & Company boosted their target price on shares of General Motors from $46.00 to $48.00 and gave the company an “underweight” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada boosted their price objective on shares of General Motors from $77.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. TD Cowen raised their target price on shares of General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Barclays lifted their price target on shares of General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Mizuho set a $90.00 price objective on General Motors in a research note on Tuesday, December 16th. Three research 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.76.

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General Motors Stock Performance

General Motors stock opened at $82.17 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. The firm has a market capitalization of $76.65 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.31. General Motors has a 1-year low of $41.60 and a 1-year high of $83.68. The company’s 50-day moving average is $75.52 and its 200 day moving average is $63.15.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its earnings results 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 return on equity of 12.29% and a net margin of 1.62%.The firm had revenue of $48.59 billion for the quarter, compared to analysts’ expectations of $44.60 billion. During the same quarter in the prior year, the firm posted $2.96 earnings per share. 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 forecast that General Motors will post 11.44 EPS for the current year.

General Motors Announces Dividend

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

Insider Transactions at General Motors

In other General Motors news, President Mark L. Reuss sold 260,600 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the sale, the president directly owned 98,006 shares of the company’s stock, valued at approximately $6,512,498.70. This represents a 72.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Christopher Hatto sold 7,724 shares of General Motors stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total transaction of $556,128.00. Following the completion of the transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $864,504. The trade was a 39.15% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 284,021 shares of company stock worth $18,971,788. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On General Motors

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tiemann Investment Advisors LLC increased its position in shares of General Motors by 3.1% during the third quarter. Tiemann Investment Advisors LLC now owns 5,045 shares of the auto manufacturer’s stock worth $308,000 after purchasing an additional 150 shares in the last quarter. Hemington Wealth Management grew its stake in General Motors by 14.5% during the 3rd quarter. Hemington Wealth Management now owns 1,219 shares of the auto manufacturer’s stock worth $74,000 after buying an additional 154 shares during the last quarter. Fielder Capital Group LLC increased its position in General Motors by 3.3% during the 3rd quarter. Fielder Capital Group LLC now owns 5,131 shares of the auto manufacturer’s stock valued at $313,000 after buying an additional 163 shares in the last quarter. Resonant Capital Advisors LLC increased its position in General Motors by 3.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 5,222 shares of the auto manufacturer’s stock valued at $318,000 after buying an additional 171 shares in the last quarter. Finally, Sowell Financial Services LLC raised its stake in General Motors by 2.9% in the second quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock valued at $336,000 after buying an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Key Stories Impacting General Motors

Here are the key news stories impacting General Motors this week:

About General Motors

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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.

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Analyst Recommendations for General Motors (NYSE:GM)

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