General Motors (NYSE:GM) Cut to Hold (C) at Weiss Ratings

Weiss Ratings cut shares of General Motors (NYSE:GM) (TSE:GMM.U) from a buy (b-) rating to a hold (c) rating in a research report sent to investors on Saturday,Weiss Ratings reports.

GM has been the topic of a number of other reports. The Goldman Sachs Group reissued a “buy” rating on shares of General Motors in a report on Tuesday, October 21st. UBS Group upped their price target on General Motors from $81.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Tigress Financial upped their price target on General Motors from $88.00 to $92.00 and gave the stock a “strong-buy” rating in a research note on Friday. Wells Fargo & Company boosted their target price on shares of General Motors from $40.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, October 22nd. Finally, CLSA raised shares of General Motors to a “moderate buy” rating in a report on Monday, July 7th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.00.

General Motors Stock Performance

GM opened at $69.36 on Friday. The firm has a market cap of $64.70 billion, a P/E ratio of 13.95, a PEG ratio of 0.96 and a beta of 1.33. General Motors has a 1-year low of $41.60 and a 1-year high of $69.70. The company has a 50 day simple moving average of $59.34 and a two-hundred day simple moving average of $53.08. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.48. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The company had revenue of $48.59 billion for the quarter, compared to analysts’ expectations of $44.60 billion. During the same quarter in the previous year, the company earned $2.96 EPS. General Motors’s revenue for the quarter was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities analysts forecast that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, December 5th. General Motors’s payout ratio is currently 12.07%.

Insider Buying and Selling at General Motors

In related news, President Mark L. Reuss sold 260,600 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were 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 of the company’s stock, valued at approximately $6,512,498.70. This trade represents a 72.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mary T. Barra sold 907,024 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the completion of the transaction, the chief executive officer directly owned 552,238 shares of the company’s stock, valued at approximately $32,162,341.12. The trade was a 62.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,335,424 shares of company stock worth $139,694,083 in the last 90 days. 0.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in General Motors by 11.5% during the second quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock worth $5,450,485,000 after buying an additional 11,418,367 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of General Motors by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer’s stock worth $676,322,000 after acquiring an additional 316,196 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of General Motors by 4.5% in the 1st quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer’s stock worth $646,482,000 after acquiring an additional 594,217 shares during the last quarter. AQR Capital Management LLC raised its position in General Motors by 146.8% in the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock worth $629,196,000 after purchasing an additional 8,012,743 shares during the period. Finally, Viking Global Investors LP raised its position in General Motors by 81.1% in the 2nd quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after purchasing an additional 5,830,050 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

About General Motors

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.