General Motors Company (GM) Lowered to Hold at Standpoint Research

Standpoint Research lowered shares of General Motors Company (NYSE:GM) (TSE:GMM.U) from a buy rating to a hold rating in a report published on Thursday morning.

GM has been the subject of a number of other reports. Berenberg Bank set a $31.00 price objective on General Motors and gave the stock a sell rating in a research report on Monday, August 14th. Buckingham Research reissued a neutral rating and issued a $33.00 price target on shares of General Motors in a report on Friday, September 8th. BidaskClub raised General Motors from a hold rating to a buy rating in a report on Thursday, August 17th. Zacks Investment Research raised General Motors from a sell rating to a hold rating in a report on Friday, August 4th. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $44.00 price objective on shares of General Motors in a report on Tuesday. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and three have issued a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $38.97.

General Motors (GM) traded up 0.23% during trading on Thursday, reaching $38.88. The company’s stock had a trading volume of 25,351,031 shares. The stock has a 50 day moving average price of $35.95 and a 200 day moving average price of $35.09. General Motors has a 1-year low of $30.21 and a 1-year high of $39.18. The stock has a market capitalization of $56.66 billion, a PE ratio of 6.76 and a beta of 1.44.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, July 25th. The auto manufacturer reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The business had revenue of $36.98 billion for the quarter, compared to the consensus estimate of $37.67 billion. During the same quarter in the prior year, the business posted $1.86 EPS. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts anticipate that General Motors will post $6.13 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.91%. General Motors’s dividend payout ratio is 26.48%.

In other news, insider John J. Quattrone sold 15,000 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $35.00, for a total transaction of $525,000.00. Following the transaction, the insider now directly owns 42,623 shares in the company, valued at approximately $1,491,805. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karl-Thomas Neumann sold 234,274 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $34.77, for a total transaction of $8,145,706.98. Following the transaction, the insider now owns 234,274 shares in the company, valued at $8,145,706.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 564,947 shares of company stock worth $20,502,528. Insiders own 0.04% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC boosted its holdings in General Motors by 43.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock valued at $101,000 after purchasing an additional 860 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of General Motors during the 1st quarter worth approximately $103,000. Franklin Parlapiano Turner & Welch LLC bought a new stake in shares of General Motors during the 1st quarter worth approximately $106,000. FNY Managed Accounts LLC bought a new stake in shares of General Motors during the 1st quarter worth approximately $107,000. Finally, Ffcm LLC lifted its holdings in shares of General Motors by 2,008.1% during the 2nd quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock worth $120,000 after acquiring an additional 3,213 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

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.

Analyst Recommendations for General Motors (NYSE:GM)

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