General Motors (NYSE:GM) Reaches New 52-Week High – Should You Buy?

General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) reached a new 52-week high during trading on Thursday . The stock traded as high as $83.99 and last traded at $83.5410, with a volume of 1481568 shares changing hands. The stock had previously closed at $81.91.

More General Motors News

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of General Motors from $46.00 to $48.00 and gave the company an “underweight” rating in a research report on Tuesday, December 9th. Cowen restated a “buy” rating on shares of General Motors in a research report on Friday, December 12th. Benchmark reaffirmed a “buy” rating on shares of General Motors in a report on Wednesday, October 22nd. Piper Sandler set a $98.00 price target on General Motors and gave the company an “overweight” rating in a research report on Thursday. Finally, Citigroup increased their price objective on General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $77.29.

Check Out Our Latest Stock Report on General Motors

General Motors Price Performance

The business has a 50 day simple moving average of $75.78 and a two-hundred day simple moving average of $63.28. The firm has a market capitalization of $78.47 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 0.66 and a beta of 1.31. 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 (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, topping the consensus estimate of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The company had revenue of $48.59 billion during the quarter, compared to analyst estimates of $44.60 billion. During the same quarter in the previous year, the firm earned $2.96 earnings per share. General Motors’s revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, sell-side analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Friday, December 5th were issued a $0.15 dividend. 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 presently 12.07%.

Insider Activity at General Motors

In other General Motors 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 transaction of $1,098,790.00. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at $840,490. This represents a 56.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Mark L. Reuss sold 260,600 shares of General Motors stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total value of $17,316,870.00. Following the completion of the transaction, the president owned 98,006 shares in the company, valued at approximately $6,512,498.70. This represents a 72.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 284,021 shares of company stock worth $18,971,788 over the last three months. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On General Motors

A number of large investors have recently made changes to their positions in the business. CWM LLC raised its holdings in General Motors by 50.8% in the third quarter. CWM LLC now owns 340,858 shares of the auto manufacturer’s stock worth $20,782,000 after purchasing an additional 114,756 shares in the last quarter. Corient Private Wealth LLC increased its stake in shares of General Motors by 6.2% in the 2nd quarter. Corient Private Wealth LLC now owns 341,426 shares of the auto manufacturer’s stock worth $16,802,000 after acquiring an additional 20,017 shares in the last quarter. SteelPeak Wealth LLC bought a new position in shares of General Motors in the 3rd quarter worth about $3,411,000. Burney Co. lifted its position in General Motors by 18.7% during the 3rd quarter. Burney Co. now owns 82,037 shares of the auto manufacturer’s stock valued at $5,002,000 after acquiring an additional 12,913 shares during the period. Finally, Permanent Capital Management LP bought a new stake in General Motors during the third quarter worth about $1,102,000. 92.67% of the stock is currently owned by institutional investors.

About General Motors

(Get Free Report)

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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