BidaskClub lowered shares of General Motors Company (NYSE:GM) (TSE:GMM.U) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday, July 25th.
A number of other equities analysts have also recently commented on the company. Nomura reiterated a buy rating and issued a $47.00 target price on shares of General Motors in a report on Tuesday, May 2nd. BMO Capital Markets reiterated a market perform rating on shares of General Motors in a report on Wednesday, May 3rd. CLSA started coverage on General Motors in a report on Wednesday, June 21st. They issued a hold rating and a $37.00 target price for the company. Morgan Stanley started coverage on General Motors in a report on Wednesday, June 28th. They issued an overweight rating and a $40.00 target price for the company. Finally, Royal Bank Of Canada reiterated a hold rating and issued a $37.00 target price on shares of General Motors in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. General Motors has a consensus rating of Hold and an average target price of $39.26.
Shares of General Motors (NYSE:GM) traded up 0.14% during mid-day trading on Tuesday, reaching $34.93. The company’s stock had a trading volume of 6,821,396 shares. General Motors has a 52-week low of $30.13 and a 52-week high of $38.55. The company has a 50-day moving average price of $35.37 and a 200 day moving average price of $35.14. The company has a market cap of $50.90 billion, a PE ratio of 6.07 and a beta of 1.45.
General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.17. The business had revenue of $36.98 billion during the quarter, compared to analysts’ expectations of $37.67 billion. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.86 EPS. Equities analysts expect that General Motors will post $6.14 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.52 annualized dividend and a yield of 4.35%. General Motors’s payout ratio is presently 26.48%.
In related news, Director Jane L. Mendillo bought 1,520 shares of the stock in a transaction dated Friday, May 26th. The shares were purchased at an average price of $32.92 per share, for a total transaction of $50,038.40. Following the completion of the purchase, the director now directly owns 3,120 shares of the company’s stock, valued at $102,710.40. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas S. Timko sold 17,255 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $35.79, for a total value of $617,556.45. Following the completion of the sale, the vice president now owns 26,100 shares in the company, valued at approximately $934,119. The disclosure for this sale can be found here. In the last quarter, insiders have sold 369,001 shares of company stock worth $12,827,204. Company insiders own 0.04% of the company’s stock.
Hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in shares of General Motors during the first quarter worth approximately $103,000. Franklin Parlapiano Turner & Welch LLC bought a new stake in shares of General Motors during the first quarter worth approximately $106,000. FNY Managed Accounts LLC bought a new stake in shares of General Motors during the first quarter worth approximately $107,000. Ffcm LLC increased its stake in shares of General Motors by 2,008.1% in the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock worth $120,000 after buying an additional 3,213 shares during the last quarter. Finally, Ropes Wealth Advisors LLC increased its stake in shares of General Motors by 240.2% in the second quarter. Ropes Wealth Advisors LLC now owns 4,600 shares of the auto manufacturer’s stock worth $161,000 after buying an additional 3,248 shares during the last quarter. Hedge funds and other institutional investors own 76.02% of the company’s stock.
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.
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