Several other brokerages have also commented on GM. Morgan Stanley lowered General Motors from an overweight rating to an equal weight rating and cut their price objective for the stock from $46.48 to $43.00 in a report on Wednesday, October 25th. Royal Bank Of Canada lifted their price objective on General Motors from $44.00 to $51.00 and gave the stock a sector perform rating in a report on Wednesday, October 25th. Craig Hallum set a $45.00 price objective on General Motors and gave the stock a hold rating in a report on Wednesday, October 25th. BMO Capital Markets raised General Motors to a market perform rating and lifted their price objective for the stock from $41.00 to $48.00 in a report on Wednesday, October 25th. Finally, Piper Jaffray Companies set a $44.00 price objective on General Motors and gave the stock a buy rating in a report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. General Motors currently has an average rating of Hold and a consensus price target of $43.61.
General Motors (NYSE:GM) opened at $44.88 on Friday. General Motors has a one year low of $31.92 and a one year high of $46.76. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $63,750.00, a price-to-earnings ratio of 7.09, a PEG ratio of 0.76 and a beta of 1.56.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.25. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The firm had revenue of $30.48 billion during the quarter, compared to analysts’ expectations of $29.93 billion. During the same quarter in the previous year, the business earned $1.72 earnings per share. The company’s revenue was down 16.6% on a year-over-year basis. research analysts expect that General Motors will post 6.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, December 8th will be given a $0.38 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.39%. General Motors’s dividend payout ratio is currently 32.90%.
In related news, CAO Thomas S. Timko sold 44,791 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $44.46, for a total value of $1,991,407.86. Following the sale, the chief accounting officer now directly owns 66,838 shares in the company, valued at $2,971,617.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Charles K. Stevens III sold 265,458 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $44.49, for a total value of $11,810,226.42. Following the completion of the sale, the chief financial officer now owns 326,510 shares in the company, valued at $14,526,429.90. The disclosure for this sale can be found here. Insiders sold 971,122 shares of company stock worth $40,627,952 over the last quarter. 0.04% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of GM. UBS Oconnor LLC raised its position in General Motors by 6.5% during the first quarter. UBS Oconnor LLC now owns 1,140,611 shares of the auto manufacturer’s stock valued at $40,332,000 after purchasing an additional 69,799 shares during the period. Franklin Parlapiano Turner & Welch LLC purchased a new stake in General Motors during the first quarter valued at approximately $106,000. Aviance Capital Management LLC raised its position in General Motors by 1.6% during the first quarter. Aviance Capital Management LLC now owns 15,701 shares of the auto manufacturer’s stock valued at $555,000 after purchasing an additional 252 shares during the period. Laurel Wealth Advisors Inc. raised its position in General Motors by 16.2% during the first quarter. Laurel Wealth Advisors Inc. now owns 23,157 shares of the auto manufacturer’s stock valued at $818,000 after purchasing an additional 3,234 shares during the period. Finally, Clearbridge Investments LLC raised its position in General Motors by 26,374.8% during the first quarter. Clearbridge Investments LLC now owns 3,970,423 shares of the auto manufacturer’s stock valued at $140,394,000 after purchasing an additional 3,955,426 shares during the period. Institutional investors and hedge funds own 73.50% of the company’s stock.
General Motors Company Profile
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.
Receive News & Ratings for General Motors Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors Company and related companies with MarketBeat.com's FREE daily email newsletter.