Shares of General Motors Co. (NYSE:GM) have earned an average recommendation of “Hold” from the twenty-four analysts that are presently covering the firm. One equities research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $37.38.
GM has been the topic of several recent analyst reports. Robert W. Baird restated a “neutral” rating and set a $25.00 price objective on shares of General Motors in a research note on Monday, June 20th. SunTrust Banks Inc. reaffirmed a “buy” rating and set a $28.00 target price on shares of General Motors in a report on Monday, June 20th. Vetr downgraded shares of General Motors from a “strong-buy” rating to a “buy” rating and set a $33.03 target price for the company. in a report on Monday, June 20th. Zacks Investment Research raised shares of General Motors from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Wednesday, June 22nd. Finally, Tigress Financial reaffirmed a “buy” rating on shares of General Motors in a report on Wednesday, June 22nd.
Shares of General Motors (NYSE:GM) opened at 31.56 on Thursday. The stock’s 50 day moving average is $31.76 and its 200 day moving average is $30.89. General Motors has a 12-month low of $26.69 and a 12-month high of $36.88. The firm has a market cap of $49.29 billion, a price-to-earnings ratio of 4.04 and a beta of 1.65.
General Motors (NYSE:GM) last released its quarterly earnings data on Thursday, July 21st. The auto manufacturer reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.35. The company had revenue of $42.40 billion for the quarter, compared to analyst estimates of $38.81 billion. General Motors had a net margin of 7.90% and a return on equity of 23.96%. General Motors’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.29 EPS. Equities analysts expect that General Motors will post $5.83 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.82%. The ex-dividend date was Wednesday, September 7th. General Motors’s dividend payout ratio (DPR) is presently 19.46%.
In other news, VP Thomas S. Timko sold 6,250 shares of the stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $31.94, for a total transaction of $199,625.00. Following the completion of the sale, the vice president now directly owns 27,477 shares in the company, valued at $877,615.38. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jane L. Mendillo acquired 1,600 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were purchased at an average price of $31.01 per share, with a total value of $49,616.00. Following the completion of the transaction, the director now owns 1,600 shares of the company’s stock, valued at $49,616. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of General Motors by 0.4% in the second quarter. Vanguard Group Inc. now owns 86,210,502 shares of the auto manufacturer’s stock valued at $2,439,758,000 after buying an additional 332,564 shares in the last quarter. State Street Corp raised its position in shares of General Motors by 0.6% in the first quarter. State Street Corp now owns 57,087,337 shares of the auto manufacturer’s stock valued at $1,794,252,000 after buying an additional 351,497 shares in the last quarter. Capital World Investors raised its position in shares of General Motors by 2.3% in the second quarter. Capital World Investors now owns 22,673,792 shares of the auto manufacturer’s stock valued at $641,668,000 after buying an additional 505,600 shares in the last quarter. Janus Capital Management LLC raised its position in shares of General Motors by 38.3% in the second quarter. Janus Capital Management LLC now owns 21,555,499 shares of the auto manufacturer’s stock valued at $610,020,000 after buying an additional 5,969,449 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of General Motors by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 12,708,089 shares of the auto manufacturer’s stock valued at $359,632,000 after buying an additional 395,933 shares in the last quarter. Institutional investors own 70.43% of the company’s stock.
About General Motors
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.
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