Vetr lowered shares of General Motors Co. (NYSE:GM) from a buy rating to a hold rating in a research report sent to investors on Tuesday. Vetr currently has $33.44 price objective on the auto manufacturer’s stock.
Several other equities analysts have also issued reports on the stock. Barclays PLC reissued an equal weight rating and set a $66.00 price objective on shares of General Motors in a report on Friday, September 23rd. Citigroup Inc. reissued a buy rating and set a $50.00 price objective on shares of General Motors in a report on Thursday, September 22nd. Nomura began coverage on shares of General Motors in a report on Tuesday, September 20th. They set a neutral rating and a $33.00 price objective on the stock. Morgan Stanley raised shares of General Motors from an equal weight rating to an overweight rating and lifted their price objective for the company from $29.00 to $37.00 in a report on Monday, September 19th. Finally, Jefferies Group reaffirmed a hold rating on shares of General Motors in a report on Friday, September 2nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. General Motors presently has an average rating of Hold and a consensus price target of $37.02.
Shares of General Motors (NYSE:GM) opened at 32.17 on Tuesday. The firm has a market cap of $50.25 billion, a price-to-earnings ratio of 4.12 and a beta of 1.65. General Motors has a 12 month low of $26.69 and a 12 month high of $36.88. The company has a 50-day moving average price of $31.68 and a 200-day moving average price of $30.85.
General Motors (NYSE:GM) last issued its quarterly earnings data on Thursday, July 21st. The auto manufacturer reported $1.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $1.29 earnings per share. Analysts forecast that General Motors will post $5.83 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.52 annualized dividend and a yield of 4.72%. General Motors’s dividend payout ratio is presently 19.46%.
In other news, Director Jane L. Mendillo bought 1,600 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The shares were bought at an average cost of $31.01 per share, for a total transaction of $49,616.00. Following the acquisition, the director now directly owns 1,600 shares of the company’s stock, valued at approximately $49,616. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas S. Timko sold 6,250 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 27,477 shares in the company, valued at $877,615.38. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in 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 during the last quarter. State Street Corp raised its position in 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 during the last quarter. Capital World Investors raised its position in 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 during the last quarter. Janus Capital Management LLC raised its position in 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 during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in 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 during the last quarter. Institutional investors own 70.40% 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.
To view Vetr’s full report, visit Vetr’s official website.
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