General Motors’ (GM) Hold Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their hold rating on shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in a research note published on Friday, July 14th. Royal Bank Of Canada currently has a $37.00 target price on the auto manufacturer’s stock.

Other research analysts have also issued research reports about the company. BidaskClub upgraded General Motors from a hold rating to a buy rating in a research report on Wednesday, June 14th. Jefferies Group LLC reissued a buy rating and issued a $36.00 price target on shares of General Motors in a report on Tuesday, June 13th. Nomura reissued a buy rating and issued a $47.00 price target on shares of General Motors in a report on Tuesday, May 2nd. UBS AG reissued a buy rating and issued a $40.00 price target (up previously from $38.00) on shares of General Motors in a report on Friday, April 14th. Finally, Bank of America Corporation reaffirmed a buy rating and set a $40.00 target price (down previously from $44.00) on shares of General Motors in a research note on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. General Motors has a consensus rating of Hold and a consensus target price of $39.38.

Shares of General Motors (GM) traded down 0.47% during trading on Friday, reaching $35.77. 7,531,936 shares of the company traded hands. The company has a market capitalization of $53.98 billion, a price-to-earnings ratio of 5.53 and a beta of 1.45. General Motors has a 1-year low of $29.82 and a 1-year high of $38.55. The stock’s 50 day moving average is $35.11 and its 200 day moving average is $35.29.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 EPS for the quarter, topping the consensus estimate of $1.72 by $0.17. The company had revenue of $36.98 billion during the quarter, compared to analyst estimates of $37.67 billion. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The business’s revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 EPS. On average, analysts forecast that General Motors will post $6.13 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.25%. General Motors’s dividend payout ratio is currently 26.48%.

In other General Motors news, insider Mark L. Reuss sold 75,000 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $33.35, for a total value of $2,501,250.00. Following the completion of the sale, the insider now owns 133,052 shares of the company’s stock, valued at $4,437,284.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jane L. Mendillo acquired 1,520 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were acquired at an average cost of $32.92 per share, with a total value of $50,038.40. Following the transaction, the director now directly owns 3,120 shares in the company, valued at approximately $102,710.40. The disclosure for this purchase can be found here. Insiders sold 139,158 shares of company stock valued at $4,643,312 in the last ninety days. Insiders own 0.04% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in General Motors during the first quarter valued at $103,000. Franklin Parlapiano Turner & Welch LLC purchased a new position in shares of General Motors during the first quarter valued at about $106,000. FNY Managed Accounts LLC purchased a new position in shares of General Motors during the first quarter valued at about $107,000. SRS Capital Advisors Inc. raised its position in shares of General Motors by 171.9% in the first quarter. SRS Capital Advisors Inc. now owns 5,160 shares of the auto manufacturer’s stock valued at $182,000 after buying an additional 3,262 shares in the last quarter. Finally, North Star Investment Management Corp. raised its position in shares of General Motors by 0.8% in the first quarter. North Star Investment Management Corp. now owns 5,215 shares of the auto manufacturer’s stock valued at $184,000 after buying an additional 42 shares in the last quarter. 73.52% of the stock is owned by institutional investors and hedge funds.

General Motors Company Profile

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.