General Motors (GM) Cut to Hold at Vetr

Vetr cut shares of General Motors (NYSE:GM) (TSE:GMM.U) from a strong-buy rating to a hold rating in a research note published on Monday. They currently have $43.99 price objective on the auto manufacturer’s stock.

Other research analysts also recently issued research reports about the stock. Berenberg Bank set a $31.00 target price on shares of General Motors and gave the stock a sell rating in a research note on Monday, August 14th. BidaskClub upgraded shares of General Motors from a hold rating to a buy rating in a research note on Thursday, August 17th. Buckingham Research reiterated a hold rating on shares of General Motors in a research note on Thursday, August 24th. Piper Jaffray Companies reiterated a buy rating and issued a $44.00 target price on shares of General Motors in a research note on Tuesday, September 12th. Finally, Standpoint Research downgraded shares of General Motors from a buy rating to a hold rating in a research note on Thursday, September 14th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. General Motors currently has a consensus rating of Hold and an average price target of $43.70.

Shares of General Motors (NYSE GM) opened at $42.02 on Monday. General Motors has a 52 week low of $31.92 and a 52 week high of $46.76. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94. The company has a market cap of $60,130.00, a PE ratio of 6.91, a P/E/G ratio of 0.74 and a beta of 1.54.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 EPS for the quarter, topping the consensus estimate of $1.07 by $0.25. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The business had revenue of $30.48 billion for the quarter, compared to analyst estimates of $29.93 billion. During the same quarter in the previous year, the firm posted $1.72 earnings per share. General Motors’s quarterly revenue was down 16.6% on a year-over-year basis. analysts expect that General Motors will post 6.24 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Friday, December 8th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.62%. General Motors’s payout ratio is 32.90%.

In other General Motors news, insider Alicia S. Boler-Davis sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $40.90, for a total transaction of $409,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Daniel Ammann sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $38.00, for a total transaction of $1,900,000.00. Following the sale, the president now directly owns 185,953 shares of the company’s stock, valued at $7,066,214. The disclosure for this sale can be found here. Insiders have sold 1,059,526 shares of company stock valued at $44,428,425 over the last three months. 0.04% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Berkshire Hathaway Inc. increased its stake in shares of General Motors by 20.0% in the second quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock worth $2,095,800,000 after purchasing an additional 10,000,000 shares in the last quarter. Swiss National Bank increased its stake in shares of General Motors by 1.2% in the second quarter. Swiss National Bank now owns 4,925,857 shares of the auto manufacturer’s stock worth $172,060,000 after purchasing an additional 56,500 shares in the last quarter. State of Tennessee Treasury Department increased its stake in shares of General Motors by 0.4% in the second quarter. State of Tennessee Treasury Department now owns 825,599 shares of the auto manufacturer’s stock worth $28,839,000 after purchasing an additional 3,298 shares in the last quarter. Intrust Bank NA increased its stake in shares of General Motors by 0.3% in the second quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock worth $250,000 after purchasing an additional 25 shares in the last quarter. Finally, Commonwealth Bank of Australia increased its stake in shares of General Motors by 12.5% in the second quarter. Commonwealth Bank of Australia now owns 739,220 shares of the auto manufacturer’s stock worth $25,819,000 after purchasing an additional 82,201 shares in the last quarter. 73.06% of the stock is owned by institutional investors and hedge funds.

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About General Motors

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

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Analyst Recommendations for General Motors (NYSE:GM)

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