General Motors (NYSE:GM) Price Target Raised to $52.00

General Motors (NYSE:GM) (TSE:GMM.U) had its price objective boosted by Mizuho from $48.00 to $52.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a buy rating on the auto manufacturer’s stock.

Several other analysts have also recently commented on the company. Barclays boosted their price target on General Motors from $50.00 to $55.00 and gave the stock an overweight rating in a research report on Thursday, April 11th. Tigress Financial boosted their price objective on General Motors from $86.00 to $88.00 and gave the stock a strong-buy rating in a research note on Thursday, February 15th. TheStreet raised General Motors from a c+ rating to a b- rating in a research note on Tuesday, March 19th. Wells Fargo & Company boosted their price objective on General Motors from $27.00 to $28.00 and gave the stock an underweight rating in a research note on Wednesday, January 31st. Finally, Wolfe Research raised General Motors from a peer perform rating to an outperform rating and set a $42.00 price objective on the stock in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $54.65.

General Motors Stock Up 0.4 %

Shares of GM opened at $45.82 on Wednesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.16. General Motors has a one year low of $26.30 and a one year high of $46.17. The stock has a market capitalization of $52.28 billion, a price-to-earnings ratio of 5.60, a PEG ratio of 0.52 and a beta of 1.51. The stock has a 50 day moving average price of $42.27 and a 200 day moving average price of $36.29.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, topping the consensus estimate of $2.02 by $0.60. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The firm had revenue of $43.01 billion during the quarter, compared to analysts’ expectations of $41.09 billion. During the same period in the previous year, the business earned $2.21 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts forecast that General Motors will post 9.45 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Friday, June 7th. General Motors’s payout ratio is 5.87%.

Insider Buying and Selling

In related news, EVP Gerald Johnson sold 27,122 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the transaction, the executive vice president now owns 71,506 shares of the company’s stock, valued at approximately $3,236,361.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total transaction of $528,706.24. Following the sale, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Gerald Johnson sold 27,122 shares of the company’s stock in a transaction dated 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 sale, 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. In the last 90 days, insiders have sold 86,248 shares of company stock valued at $3,614,078. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Unison Advisors LLC increased its holdings in shares of General Motors by 0.4% in the 1st quarter. Unison Advisors LLC now owns 67,196 shares of the auto manufacturer’s stock valued at $3,047,000 after acquiring an additional 246 shares during the last quarter. Janiczek Wealth Management LLC lifted its position in General Motors by 5.2% during the 1st quarter. Janiczek Wealth Management LLC now owns 5,063 shares of the auto manufacturer’s stock worth $230,000 after acquiring an additional 248 shares during the period. FinTrust Capital Advisors LLC lifted its position in General Motors by 2.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 11,113 shares of the auto manufacturer’s stock worth $399,000 after acquiring an additional 268 shares during the period. Summit Financial LLC lifted its position in General Motors by 4.3% during the 4th quarter. Summit Financial LLC now owns 6,662 shares of the auto manufacturer’s stock worth $239,000 after acquiring an additional 273 shares during the period. Finally, Sutton Place Investors LLC lifted its position in General Motors by 1.7% during the 1st quarter. Sutton Place Investors LLC now owns 17,236 shares of the auto manufacturer’s stock worth $782,000 after acquiring an additional 280 shares during the period. Hedge funds and other 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.