General Motors (NYSE:GM) Shares Up 0.3%

General Motors (NYSE:GM) (TSE:GMM.U) shares were up 0.3% during trading on Friday . The company traded as high as $45.55 and last traded at $44.81. Approximately 2,824,678 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 17,096,680 shares. The stock had previously closed at $44.67.

Analyst Upgrades and Downgrades

GM has been the topic of a number of research analyst reports. Barclays upped their target price on shares of General Motors from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Piper Sandler raised their price objective on General Motors from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. TheStreet raised General Motors from a “c+” rating to a “b-” rating in a report on Tuesday, March 19th. Wells Fargo & Company raised their price target on General Motors from $28.00 to $30.00 and gave the company an “underweight” rating in a report on Wednesday, April 24th. Finally, Royal Bank of Canada upped their price objective on shares of General Motors from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.65.

General Motors Stock Performance

The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $51.18 billion, a price-to-earnings ratio of 5.48, a PEG ratio of 0.52 and a beta of 1.49. The stock’s 50-day moving average is $42.84 and its 200-day moving average is $36.79.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.60. The company had revenue of $43.01 billion during the quarter, compared to analysts’ expectations of $41.09 billion. General Motors had a return on equity of 14.40% and a net margin of 6.13%. General Motors’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.21 EPS. On average, analysts predict that General Motors will post 9.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, June 7th. General Motors’s dividend payout ratio (DPR) is currently 5.87%.

Insider Activity at General Motors

In other General Motors news, CAO Christopher Hatto sold 15,510 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $40.02, for a total transaction of $620,710.20. Following the sale, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at approximately $860,710.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Christopher Hatto sold 15,510 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $40.02, for a total value of $620,710.20. Following the transaction, the chief accounting officer now owns 21,507 shares in the company, valued at $860,710.14. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Gerald Johnson sold 27,122 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $45.26, for a total value of $1,227,541.72. Following the completion of the transaction, the executive vice president now owns 71,506 shares in the company, valued at approximately $3,236,361.56. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock worth $3,614,078 in the last quarter. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Stratos Wealth Advisors LLC purchased a new stake in General Motors in the 3rd quarter valued at about $273,000. Brown Advisory Inc. lifted its holdings in General Motors by 44.6% during the third quarter. Brown Advisory Inc. now owns 13,347 shares of the auto manufacturer’s stock worth $440,000 after acquiring an additional 4,116 shares during the period. Forsta AP Fonden boosted its position in General Motors by 1.1% in the third quarter. Forsta AP Fonden now owns 251,000 shares of the auto manufacturer’s stock worth $8,275,000 after purchasing an additional 2,800 shares during the last quarter. BluePath Capital Management LLC bought a new position in General Motors in the 3rd quarter valued at $33,000. Finally, Mackenzie Financial Corp increased its position in shares of General Motors by 5.7% during the 3rd quarter. Mackenzie Financial Corp now owns 1,018,619 shares of the auto manufacturer’s stock valued at $31,964,000 after purchasing an additional 54,802 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

About General Motors

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