General Motors Company (NYSE:GM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

General Motors Company (NYSE:GM) (TSE:GMM.U) has been given a consensus recommendation of “Moderate Buy” by the twenty-five ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, thirteen have issued a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $70.00.

A number of equities research analysts have commented on GM shares. Piper Sandler set a $66.00 price target on General Motors and gave the company a “neutral” rating in a research report on Tuesday, October 21st. UBS Group upped their target price on General Motors from $81.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Barclays raised their price target on shares of General Motors from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of General Motors in a research note on Tuesday, October 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th.

Insider Activity

In related news, President Mark L. Reuss sold 260,600 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the sale, the president owned 98,006 shares in the company, valued at $6,512,498.70. This represents a 72.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Christopher Hatto sold 23,400 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $61.01, for a total value of $1,427,634.00. Following the sale, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at $732,547.07. This represents a 66.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,298,064 shares of company stock valued at $138,050,080 in the last ninety days. 0.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. CIBC Bancorp USA Inc. acquired a new stake in General Motors in the third quarter worth $8,029,000. Achmea Investment Management B.V. grew its stake in shares of General Motors by 1.3% in the 3rd quarter. Achmea Investment Management B.V. now owns 497,253 shares of the auto manufacturer’s stock valued at $30,317,000 after buying an additional 6,325 shares during the period. Tweedy Browne Co LLC increased its position in General Motors by 104.5% in the 3rd quarter. Tweedy Browne Co LLC now owns 22,023 shares of the auto manufacturer’s stock valued at $1,343,000 after buying an additional 11,254 shares in the last quarter. Caerus Investment Advisors LLC bought a new stake in General Motors in the 3rd quarter valued at about $792,000. Finally, Sunbelt Securities Inc. boosted its holdings in General Motors by 527.1% in the third quarter. Sunbelt Securities Inc. now owns 2,126 shares of the auto manufacturer’s stock worth $130,000 after acquiring an additional 1,787 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

General Motors Stock Up 3.2%

NYSE:GM opened at $70.20 on Friday. General Motors has a one year low of $41.60 and a one year high of $72.87. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. The company has a market cap of $65.49 billion, a PE ratio of 14.12, a P/E/G ratio of 0.96 and a beta of 1.41. The firm’s 50 day simple moving average is $63.65 and its 200 day simple moving average is $56.21.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.48. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The firm had revenue of $48.59 billion during the quarter, compared to the consensus estimate of $44.60 billion. During the same quarter last year, the firm earned $2.96 earnings per share. The company’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. On average, research analysts anticipate that General Motors will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

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

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.