General Motors (NYSE:GM) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of General Motors (NYSE:GM) (TSE:GMM.U) from an underweight rating to an equal weight rating in a research note issued to investors on Tuesday morning, Marketbeat.com reports. Morgan Stanley currently has $54.00 price target on the auto manufacturer’s stock, up from their previous price target of $46.00.

A number of other research analysts have also recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $53.00 target price on shares of General Motors in a research report on Tuesday, September 10th. Wells Fargo & Company boosted their target price on shares of General Motors from $33.00 to $38.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. UBS Group boosted their target price on shares of General Motors from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Sanford C. Bernstein boosted their target price on shares of General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $58.85.

General Motors Stock Up 0.5 %

Shares of NYSE GM opened at $52.30 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. General Motors has a 52 week low of $32.83 and a 52 week high of $61.24. The firm has a 50-day moving average price of $52.72 and a 200 day moving average price of $48.56. The stock has a market capitalization of $57.51 billion, a price-to-earnings ratio of 5.55, a price-to-earnings-growth ratio of 0.40 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. The company had revenue of $48.76 billion during the quarter, compared to analysts’ expectations of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.28 earnings per share. Equities research analysts anticipate that General Motors will post 10.35 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.92%. General Motors’s dividend payout ratio is presently 5.12%.

Insiders Place Their Bets

In other General Motors news, CEO Mary T. Barra sold 506,824 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total value of $27,028,923.92. Following the completion of the transaction, the chief executive officer now owns 694,548 shares in the company, valued at $37,040,244.84. The trade was a 42.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,030,475 shares of company stock valued at $56,509,286 over the last ninety days. 0.72% of the stock is owned by insiders.

Institutional Investors Weigh In On General Motors

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dynamic Advisor Solutions LLC boosted its position in General Motors by 175.1% during the second quarter. Dynamic Advisor Solutions LLC now owns 14,518 shares of the auto manufacturer’s stock worth $674,000 after acquiring an additional 9,240 shares during the last quarter. Wedmont Private Capital grew its holdings in General Motors by 24.7% during the 2nd quarter. Wedmont Private Capital now owns 8,174 shares of the auto manufacturer’s stock worth $401,000 after acquiring an additional 1,617 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in General Motors during the 2nd quarter worth $716,000. Triad Wealth Partners LLC acquired a new position in General Motors during the 2nd quarter worth $37,000. Finally, Blue Trust Inc. boosted its holdings in shares of General Motors by 178.3% in the 2nd quarter. Blue Trust Inc. now owns 2,510 shares of the auto manufacturer’s stock valued at $114,000 after buying an additional 1,608 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

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.