General Motors (NYSE:GM) Stock Price Down 0.1%

General Motors (NYSE:GM) (TSE:GMM.U) fell 0.1% during trading on Tuesday . The company traded as low as $47.79 and last traded at $47.99. 2,905,661 shares were traded during mid-day trading, a decline of 81% from the average session volume of 15,268,813 shares. The stock had previously closed at $48.04.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GM shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $53.00 target price on shares of General Motors in a research note on Tuesday, September 10th. Nomura Securities upgraded General Motors to a “strong sell” rating in a research note on Monday, August 5th. Bank of America restated a “buy” rating and set a $75.00 price target on shares of General Motors in a research note on Wednesday, June 12th. StockNews.com lowered shares of General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley downgraded shares of General Motors from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $46.00 to $47.00 in a research report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $55.17.

General Motors Price Performance

The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.18. The stock has a market capitalization of $54.55 billion, a PE ratio of 5.82, a P/E/G ratio of 0.52 and a beta of 1.43. The company’s fifty day simple moving average is $46.25 and its two-hundred day simple moving average is $45.36.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, July 23rd. The auto manufacturer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.39. The business had revenue of $47.97 billion during the quarter, compared to analysts’ expectations of $45.13 billion. General Motors had a net margin of 6.22% and a return on equity of 15.77%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the company posted $1.91 EPS. As a group, sell-side analysts predict that General Motors will post 9.95 EPS for the current year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, September 6th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.48 dividend on an annualized basis and a yield of 1.00%. General Motors’s dividend payout ratio (DPR) is 5.87%.

General Motors declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, June 11th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to reacquire up to 10.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other General Motors news, CFO Paul A. Jacobson bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of $44.11 per share, for a total transaction of $1,102,750.00. Following the completion of the purchase, the chief financial officer now owns 261,872 shares of the company’s stock, valued at approximately $11,551,173.92. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Paul A. Jacobson bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average cost of $44.11 per share, with a total value of $1,102,750.00. Following the completion of the transaction, the chief financial officer now owns 261,872 shares of the company’s stock, valued at $11,551,173.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Rory Harvey sold 12,795 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $49.02, for a total transaction of $627,210.90. Following the transaction, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $417,307.26. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GM. Public Employees Retirement Association of Colorado increased its position in shares of General Motors by 1,213.0% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 2,203,771 shares of the auto manufacturer’s stock worth $79,159,000 after acquiring an additional 2,035,925 shares in the last quarter. US Bancorp DE raised its holdings in shares of General Motors by 59.3% during the 4th quarter. US Bancorp DE now owns 86,888 shares of the auto manufacturer’s stock valued at $3,121,000 after buying an additional 32,331 shares during the period. GSA Capital Partners LLP lifted its position in General Motors by 317.6% during the 4th quarter. GSA Capital Partners LLP now owns 67,807 shares of the auto manufacturer’s stock worth $2,436,000 after acquiring an additional 51,571 shares in the last quarter. ACR Alpine Capital Research LLC boosted its holdings in General Motors by 8.4% in the 1st quarter. ACR Alpine Capital Research LLC now owns 6,337,547 shares of the auto manufacturer’s stock worth $287,408,000 after acquiring an additional 492,693 shares during the period. Finally, BDF Gestion purchased a new position in General Motors in the 2nd quarter worth approximately $2,886,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Company Profile

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.