General Motors Company (NYSE:GM) (TSE:GMM.U) – Equities researchers at Jefferies Group issued their FY2021 earnings estimates for shares of General Motors in a report issued on Tuesday. Jefferies Group analyst P. Houchois forecasts that the auto manufacturer will post earnings per share of $5.02 for the year. Jefferies Group has a “Buy” rating and a $36.00 price target on the stock.

Several other equities research analysts also recently issued reports on the stock. Nomura reaffirmed a “buy” rating and set a $47.00 price target on shares of General Motors in a research note on Tuesday, May 2nd. BidaskClub raised shares of General Motors from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. BMO Capital Markets reaffirmed a “market perform” rating on shares of General Motors in a research note on Wednesday, May 3rd. CLSA initiated coverage on shares of General Motors in a research note on Wednesday, June 21st. They set a “hold” rating and a $37.00 price target on the stock. Finally, Morgan Stanley initiated coverage on shares of General Motors in a research note on Wednesday, June 28th. They set an “overweight” rating and a $40.00 price target on the stock. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. General Motors has an average rating of “Hold” and a consensus price target of $39.38.

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General Motors (GM) traded up 0.56% during trading on Thursday, hitting $35.82. 6,697,395 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $35.07 and its 200 day moving average price is $35.28. General Motors has a 12-month low of $29.82 and a 12-month high of $38.55. The stock has a market cap of $54.06 billion, a P/E ratio of 5.54 and a beta of 1.45. General Motors also was the target of some unusual options trading activity on Monday. Stock investors bought 26,435 put options on the company. This is an increase of approximately 328% compared to the average volume of 6,179 put options.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.17. The business had revenue of $36.98 billion during the quarter, compared to the consensus estimate of $37.67 billion. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.86 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Thursday, September 7th. General Motors’s dividend payout ratio (DPR) is presently 26.48%.

In other news, insider John J. Quattrone sold 15,000 shares of General Motors stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $35.00, for a total value of $525,000.00. Following the completion of the transaction, the insider now directly owns 42,623 shares of the company’s stock, valued at approximately $1,491,805. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark L. Reuss sold 75,000 shares of General Motors stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $33.35, for a total transaction of $2,501,250.00. Following the completion of the transaction, the insider now directly owns 133,052 shares of the company’s stock, valued at $4,437,284.20. The disclosure for this sale can be found here. Insiders sold a total of 139,158 shares of company stock valued at $4,643,312 over the last ninety days. Company insiders own 0.04% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Clearbridge Investments LLC increased its stake in shares of General Motors by 26,374.8% in the first quarter. Clearbridge Investments LLC now owns 3,970,423 shares of the auto manufacturer’s stock valued at $140,394,000 after buying an additional 3,955,426 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of General Motors by 129.2% in the first quarter. Prudential Financial Inc. now owns 6,068,335 shares of the auto manufacturer’s stock valued at $214,576,000 after buying an additional 3,420,200 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of General Motors by 3.2% in the first quarter. Vanguard Group Inc. now owns 89,853,324 shares of the auto manufacturer’s stock valued at $3,177,214,000 after buying an additional 2,744,821 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of General Motors by 87.0% in the first quarter. Alliancebernstein L.P. now owns 5,174,420 shares of the auto manufacturer’s stock valued at $182,967,000 after buying an additional 2,407,818 shares in the last quarter. Finally, State Street Corp increased its stake in shares of General Motors by 3.9% in the first quarter. State Street Corp now owns 60,423,820 shares of the auto manufacturer’s stock valued at $2,136,563,000 after buying an additional 2,252,866 shares in the last quarter. Hedge funds and other institutional investors own 73.52% of the company’s stock.

About General Motors

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

Earnings History and Estimates for General Motors (NYSE:GM)

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