General Motors (NYSE:GM) Trading 0.3% Higher

General Motors (NYSE:GM) (TSE:GMM.U) rose 0.3% during trading on Friday . The stock traded as high as $45.55 and last traded at $44.81. Approximately 2,824,678 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 17,096,680 shares. The stock had previously closed at $44.67.

Analysts Set New Price Targets

Several brokerages have commented on GM. TheStreet upgraded shares of General Motors from a “c+” rating to a “b-” rating in a report on Tuesday, March 19th. Tigress Financial lifted their price target on General Motors from $86.00 to $88.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 15th. Citigroup increased their price objective on General Motors from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada boosted their target price on shares of General Motors from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Finally, UBS Group increased their price target on shares of General Motors from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, General Motors presently has an average rating of “Moderate Buy” and an average target price of $54.65.

General Motors Price Performance

The firm has a fifty day moving average of $42.84 and a 200 day moving average of $36.79. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $51.18 billion, a P/E ratio of 5.48, a P/E/G ratio of 0.52 and a beta of 1.49.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. The firm had revenue of $43.01 billion during the quarter, compared to analyst estimates of $41.09 billion. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.21 earnings per share. On average, equities research analysts anticipate that General Motors will post 9.44 EPS for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be paid a $0.12 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.07%. General Motors’s dividend payout ratio (DPR) is currently 5.87%.

Insider Buying and Selling

In other news, CAO Christopher Hatto sold 3,500 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief accounting officer now owns 12,007 shares of the company’s stock, valued at approximately $540,315. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total transaction of $528,706.24. Following the transaction, the executive vice president now directly owns 87,567 shares in the company, valued at $3,348,562.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Christopher Hatto sold 3,500 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.00, for a total value of $157,500.00. Following the completion of the sale, the chief accounting officer now owns 12,007 shares of the company’s stock, valued at approximately $540,315. The disclosure for this sale can be found here. Insiders sold 86,248 shares of company stock valued at $3,614,078 over the last 90 days. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Stratos Wealth Advisors LLC purchased a new position in General Motors during the third quarter valued at approximately $273,000. Brown Advisory Inc. increased its stake in shares of General Motors by 44.6% in the third quarter. Brown Advisory Inc. now owns 13,347 shares of the auto manufacturer’s stock worth $440,000 after purchasing an additional 4,116 shares in the last quarter. Forsta AP Fonden raised its position in shares of General Motors by 1.1% during the 3rd quarter. Forsta AP Fonden now owns 251,000 shares of the auto manufacturer’s stock valued at $8,275,000 after purchasing an additional 2,800 shares during the period. BluePath Capital Management LLC bought a new position in General Motors in the 3rd quarter worth $33,000. Finally, Mackenzie Financial Corp increased its stake in General Motors by 5.7% in the 3rd quarter. Mackenzie Financial Corp now owns 1,018,619 shares of the auto manufacturer’s stock worth $31,964,000 after buying an additional 54,802 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.