General Motors (NYSE:GM) is trading 1.3% higher

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General Motors (NYSE:GM – Get Your Free Report ) (TSE:GMM.U) stock price was up 1.3% during mid-day trading on Monday. The stock traded as high as $47.62 and last traded at $46.92. About 2,186,429 shares traded hands during mid-day trading, down 86% from the average daily volume of 15,336,631 shares. Shares previously closed at $46.30.

Changes in Analyst Ratings

Several analysts recently issued reports on GM shares. Wells Fargo & Company decreased their price objective on General Motors from $34.00 to $33.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Bank of America restated a “buy” rating and set a $75.00 price objective on shares of General Motors in a report on Wednesday, June 12th. Wedbush restated an “outperform” rating and set a $55.00 price objective on shares of General Motors in a research report on Wednesday, July 24th. Royal Bank of Canada decreased their price objective on General Motors from $58.00 to $54.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Finally, Nomura Securities raised General Motors to a “strong sell” rating in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Moderate Buy” and an average price target of $55.27, based on data from MarketBeat.com.

Read our latest analysis of GM

General Motors stock performance

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The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99, and a current ratio of 1.18. The company has a market cap of $55.53 billion, a P/E ratio of 5.95, a P/E/G ratio of 0.52 and a beta of 1.43. The firm has a 50-day moving average price of $46.22 and a 200-day moving average price of $45.12.

General Motors (NYSE:GM – Get Your Free Report ) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 23rd. The automaker reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.39. General Motors had a return on equity of 15.77% and a net margin of 6.22%. The business had revenue of $47.97 billion during the quarter, compared to analysts’ expectations of $45.13 billion. In the same quarter last year, the firm earned $1.91 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. On average, research analysts anticipate that General Motors will post 9.95 EPS for the current year.

General Motors announces dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, September 6th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, September 6. This represents an annualized dividend of $0.48 and a dividend yield of 0.99%. General Motors’ dividend payout ratio is currently 5.87%.

General Motors declared that its board has authorized a stock repurchase program on Tuesday, June 11th that permits the company to repurchase $6.00 billion in shares. This buyback authorization allows the automaker to repurchase up to 10.8% of its shares through open market purchases. Stock buyback programs are often a sign that a company’s board believes its stock is undervalued.

Insider buying and selling

In other General Motors news, EVP Rory Harvey sold 12,795 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the transaction, the executive vice president now owns 8,513 shares of the company’s stock, valued at approximately $417,307.26. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Rory Harvey sold 12,795 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the transaction, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at approximately $417,307.26. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Paul A. Jacobson acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average price of $44.11 per share, for a total transaction of $1,102,750.00. Following the completion of the transaction, the chief financial officer now owns 261,872 shares in the company, valued at $11,551,173.92. Disclosure for this purchase can be found here. 0.72% of shares are held by insiders.

Institutional inputs and outputs

A number of hedge funds have recently bought and sold shares of the company. LifeSteps Financial Inc. purchased a new position in shares of General Motors in the first quarter valued at $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of General Motors in the second quarter valued at $25,000. Wellington Shields Capital Management LLC purchased a new position in shares of General Motors in the second quarter valued at $28,000. Fortitude Family Office LLC increased its stake in shares of General Motors by 56.1% in the second quarter. Fortitude Family Office LLC now owns 626 shares of the auto maker’s stock valued at $29,000 after buying an additional 225 shares during the period. Finally, Cape Investment Advisory Inc. raised its stake in shares of General Motors by 75.9% in the 4th quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto maker’s stock valued at $30,000 after purchasing an additional 359 shares during the period. 92.67% of shares are currently owned by institutional investors.

General Motors Company Profile

(Get a free report)

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