General Motors Co. (GM) Given Average Rating of “Hold” by Brokerages
General Motors Co. (NYSE:GM) has received a consensus recommendation of “Hold” from the twenty-four analysts that are covering the firm. One analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $37.38.
Several brokerages have commented on GM. Vetr cut shares of General Motors from a “strong-buy” rating to a “buy” rating and set a $33.03 price target on the stock. in a research note on Monday, June 20th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $43.00 price target on shares of General Motors in a research note on Tuesday, July 26th. Zacks Investment Research cut shares of General Motors from a “buy” rating to a “hold” rating in a research note on Thursday, June 23rd. Barclays PLC reiterated an “equal weight” rating and issued a $36.00 price target on shares of General Motors in a research note on Tuesday, July 19th. Finally, Seaport Global Securities began coverage on shares of General Motors in a research note on Tuesday, August 9th. They issued a “buy” rating and a $42.00 price target on the stock.
In related news, Director Jane L. Mendillo purchased 1,600 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was acquired at an average price of $31.01 per share, with a total value of $49,616.00. Following the completion of the acquisition, the director now owns 1,600 shares in the company, valued at approximately $49,616. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Thomas S. Timko sold 6,250 shares of the firm’s stock in a transaction 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 directly owns 27,477 shares of the company’s stock, valued at approximately $877,615.38. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by company insiders.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in General Motors by 16.7% in the third quarter. Nisa Investment Advisors LLC now owns 529,632 shares of the auto manufacturer’s stock worth $16,826,000 after buying an additional 75,615 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of General Motors by 143.2% in the third quarter. Capstone Asset Management Co. now owns 300,983 shares of the auto manufacturer’s stock valued at $9,562,000 after buying an additional 177,210 shares during the period. North Star Investment Management Corp. boosted its position in shares of General Motors by 18.5% in the third quarter. North Star Investment Management Corp. now owns 5,452 shares of the auto manufacturer’s stock valued at $173,000 after buying an additional 850 shares during the period. Daiwa SB Investments Ltd. acquired a new position in shares of General Motors during the third quarter valued at about $200,000. Finally, Algert Global LLC acquired a new position in shares of General Motors during the third quarter valued at about $482,000. 70.40% of the stock is owned by institutional investors and hedge funds.
Shares of General Motors (NYSE:GM) traded down 1.52% during midday trading on Thursday, hitting $31.20. The company had a trading volume of 5,779,596 shares. The stock has a 50 day moving average price of $31.75 and a 200 day moving average price of $30.88. The firm has a market capitalization of $48.73 billion, a P/E ratio of 4.00 and a beta of 1.65. General Motors has a 1-year low of $26.69 and a 1-year high of $36.88.
General Motors (NYSE:GM) last announced its quarterly earnings results on Thursday, July 21st. The auto manufacturer reported $1.86 EPS for the quarter, topping the consensus estimate of $1.51 by $0.35. The business had revenue of $42.40 billion for the quarter, compared to analysts’ expectations of $38.81 billion. General Motors had a net margin of 7.90% and a return on equity of 23.96%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.29 EPS. On average, equities analysts anticipate that General Motors will post $5.83 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were issued a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.80%. General Motors’s dividend payout ratio is currently 19.46%.
General Motors Company Profile
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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