Analysts at Nomura assumed coverage on shares of General Motors Co. (NYSE:GM) in a research note issued to investors on Tuesday. The brokerage set a “neutral” rating and a $33.00 price target on the auto manufacturer’s stock. Nomura’s price target points to a potential upside of 4.27% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Tigress Financial reissued a “buy” rating on shares of General Motors in a research report on Wednesday, June 22nd. Zacks Investment Research raised shares of General Motors from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Wednesday, June 22nd. Vetr downgraded shares of General Motors from a “strong-buy” rating to a “buy” rating and set a $33.03 price target for the company. in a research report on Monday, June 20th. SunTrust Banks Inc. reissued a “buy” rating and issued a $28.00 price target on shares of General Motors in a research report on Monday, June 20th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $50.00 price target on shares of General Motors in a research report on Thursday, June 9th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company. General Motors presently has a consensus rating of “Hold” and a consensus target price of $35.62.

General Motors (NYSE:GM) traded down 0.22% during trading on Tuesday, reaching $31.65. 12,876,202 shares of the company were exchanged. The stock has a market capitalization of $49.43 billion, a price-to-earnings ratio of 4.05 and a beta of 1.70. General Motors has a one year low of $26.69 and a one year high of $36.88. The firm’s 50 day moving average price is $31.40 and its 200-day moving average price is $30.80.

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General Motors (NYSE:GM) last posted its quarterly earnings results on Thursday, July 21st. The auto manufacturer reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.35. General Motors had a net margin of 7.90% and a return on equity of 23.96%. The business earned $42.40 billion during the quarter, compared to the consensus estimate of $38.81 billion. During the same quarter last year, the firm posted $1.29 EPS. General Motors’s revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that General Motors will post $5.84 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Wednesday, September 7th. General Motors’s dividend payout ratio (DPR) is 19.46%.

In related news, Director Jane L. Mendillo acquired 1,600 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 1,600 shares in the company, valued at $49,616. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas S. Timko sold 6,250 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was 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. 0.04% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mariner Wealth Advisors LLC boosted its position in General Motors by 0.3% in the first quarter. Mariner Wealth Advisors LLC now owns 6,550 shares of the auto manufacturer’s stock valued at $206,000 after buying an additional 20 shares during the period. WFG Advisors LP boosted its position in General Motors by 0.5% in the second quarter. WFG Advisors LP now owns 9,031 shares of the auto manufacturer’s stock valued at $256,000 after buying an additional 48 shares during the period. First Interstate Bank boosted its position in General Motors by 0.5% in the second quarter. First Interstate Bank now owns 19,295 shares of the auto manufacturer’s stock valued at $546,000 after buying an additional 100 shares during the period. Westport Resources Management Inc. boosted its position in General Motors by 0.3% in the second quarter. Westport Resources Management Inc. now owns 30,405 shares of the auto manufacturer’s stock valued at $860,000 after buying an additional 100 shares during the period. Finally, Point View Wealth Management Inc. boosted its position in General Motors by 0.7% in the second quarter. Point View Wealth Management Inc. now owns 19,125 shares of the auto manufacturer’s stock valued at $541,000 after buying an additional 125 shares during the period. Institutional investors own 70.92% of the company’s stock.

General Motors Company Profile

General Motors Company (General Motors) designs, builds and sells cars, trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s four automotive segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO) and GM South America (GMSA).

5 Day Chart for NYSE:GM

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