Royal Bank Of Canada reaffirmed their hold rating on shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in a research report report published on Friday, July 14th. The brokerage currently has a $37.00 price objective on the auto manufacturer’s stock.
Other equities analysts also recently issued 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 reiterated a buy rating and set a $36.00 price objective on shares of General Motors in a research report on Tuesday, June 13th. Nomura reiterated a buy rating and set a $47.00 price objective on shares of General Motors in a research report on Tuesday, May 2nd. UBS AG reissued a buy rating and set a $40.00 target price (up previously from $38.00) on shares of General Motors in a report on Friday, April 14th. Finally, Bank of America Corporation reissued a buy rating and set a $40.00 target price (down previously from $44.00) on shares of General Motors in a report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $39.38.
Shares of General Motors (GM) traded up 1.44% during trading on Friday, hitting $35.27. The stock had a trading volume of 9,160,776 shares. The firm has a market cap of $51.40 billion, a P/E ratio of 6.13 and a beta of 1.45. General Motors has a one year low of $29.91 and a one year high of $38.55. The firm’s 50-day moving average is $35.21 and its 200-day moving average is $35.22.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.17. The business had revenue of $36.98 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $1.86 earnings per share. Equities research analysts forecast that General Motors will post $6.14 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Thursday, September 7th. General Motors’s payout ratio is 26.48%.
In other news, VP Thomas S. Timko sold 17,255 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $35.79, for a total transaction of $617,556.45. Following the transaction, the vice president now directly owns 26,100 shares in the company, valued at approximately $934,119. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jane L. Mendillo purchased 1,520 shares of the stock in a transaction dated Friday, May 26th. The shares were bought at an average price of $32.92 per share, for a total transaction of $50,038.40. Following the completion of the acquisition, the director now owns 3,120 shares in the company, valued at $102,710.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 371,687 shares of company stock worth $12,918,125. Corporate insiders own 0.04% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Pekin Singer Strauss Asset Management IL boosted its position in General Motors by 3.1% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 63,330 shares of the auto manufacturer’s stock valued at $2,206,000 after buying an additional 1,912 shares in the last quarter. IFC Holdings Incorporated FL boosted its position in General Motors by 83.3% in the first quarter. IFC Holdings Incorporated FL now owns 32,031 shares of the auto manufacturer’s stock valued at $1,141,000 after buying an additional 14,559 shares in the last quarter. Suntrust Banks Inc. boosted its position in General Motors by 29.5% in the first quarter. Suntrust Banks Inc. now owns 226,531 shares of the auto manufacturer’s stock valued at $8,008,000 after buying an additional 51,539 shares in the last quarter. Pegasus Partners Ltd. boosted its position in General Motors by 2.6% in the fourth quarter. Pegasus Partners Ltd. now owns 21,531 shares of the auto manufacturer’s stock valued at $750,000 after buying an additional 536 shares in the last quarter. Finally, Mosaic Family Wealth LLC boosted its position in General Motors by 9.9% in the first quarter. Mosaic Family Wealth LLC now owns 10,025 shares of the auto manufacturer’s stock valued at $354,000 after buying an additional 900 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.
About General Motors
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.
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