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

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

A number of other analysts also recently commented on GM. Tigress Financial upped their price objective on General Motors from $86.00 to $88.00 and gave the stock a strong-buy rating in a report on Thursday, February 15th. Barclays upped their price objective on General Motors from $50.00 to $55.00 and gave the stock an overweight rating in a report on Thursday, April 11th. Wolfe Research upgraded General Motors from a peer perform rating to an outperform rating and set a $42.00 price objective for the company in a report on Thursday, January 4th. Wells Fargo & Company upped their price objective on General Motors from $27.00 to $28.00 and gave the stock an underweight rating in a report on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on General Motors from $44.00 to $50.00 and gave the stock a hold rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $54.35.

General Motors Stock Down 0.1 %

GM stock opened at $45.07 on Wednesday. The stock has a market capitalization of $52.03 billion, a P/E ratio of 5.51, a PEG ratio of 0.53 and a beta of 1.51. 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 $46.04. The company has a 50 day moving average price of $42.00 and a two-hundred day moving average price of $36.12.

General Motors (NYSE:GM) (TSE:GMM.U) last released its 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. The firm had revenue of $43.01 billion during the quarter, compared to analysts’ expectations of $41.09 billion. General Motors had a net margin of 6.13% and a return on equity of 14.40%. General Motors’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.21 EPS. As a group, sell-side analysts expect that General Motors will post 9.26 EPS for the current year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be given a $0.12 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.07%. General Motors’s payout ratio is currently 5.87%.

Insider Buying and Selling at General Motors

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 shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the completion of the transaction, the executive vice president now directly owns 87,567 shares of the company’s stock, valued at approximately $3,348,562.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Gerald Johnson sold 15,190 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.03, for a total transaction of $608,055.70. Following the transaction, the executive vice president now owns 98,628 shares of the company’s stock, valued at $3,948,078.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Julian G. Blissett sold 13,826 shares of the 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 transaction, the executive vice president now directly owns 87,567 shares in the company, valued at approximately $3,348,562.08. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock valued at $3,614,078 in the last ninety days. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On General Motors

Large investors have recently modified their holdings of the stock. Handelsbanken Fonder AB raised its stake in General Motors by 18.5% during the fourth quarter. Handelsbanken Fonder AB now owns 475,061 shares of the auto manufacturer’s stock worth $17,064,000 after acquiring an additional 74,194 shares during the period. Cerity Partners LLC raised its stake in General Motors by 361.1% during the fourth quarter. Cerity Partners LLC now owns 119,714 shares of the auto manufacturer’s stock worth $4,300,000 after acquiring an additional 93,754 shares during the period. Foundry Partners LLC raised its stake in General Motors by 15.0% during the third quarter. Foundry Partners LLC now owns 394,047 shares of the auto manufacturer’s stock worth $12,992,000 after acquiring an additional 51,336 shares during the period. Public Sector Pension Investment Board raised its stake in General Motors by 10.5% during the third quarter. Public Sector Pension Investment Board now owns 147,383 shares of the auto manufacturer’s stock worth $4,859,000 after acquiring an additional 14,002 shares during the period. Finally, AM Squared Ltd raised its stake in General Motors by 195.0% during the fourth quarter. AM Squared Ltd now owns 41,300 shares of the auto manufacturer’s stock worth $1,483,000 after acquiring an additional 27,300 shares during the period. 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.