General Motors (NYSE:GM) Sets New 12-Month High – Time to Buy?

General Motors Company (NYSE:GM) (TSE:GMM.U)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $81.84 and last traded at $81.3340, with a volume of 874919 shares traded. The stock had previously closed at $80.89.

Wall Street Analysts Forecast Growth

GM has been the subject of a number of research analyst reports. Benchmark restated a “buy” rating on shares of General Motors in a research note on Wednesday, October 22nd. Weiss Ratings cut shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a report on Saturday, October 25th. UBS Group increased their price target on shares of General Motors from $85.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday. Zacks Research raised shares of General Motors from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Finally, Wall Street Zen lowered shares of General Motors from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.81.

General Motors Price Performance

The stock has a market capitalization of $76.29 billion, a PE ratio of 16.45, a PEG ratio of 0.75 and a beta of 1.30. The firm’s fifty day moving average price is $69.30 and its two-hundred day moving average price is $59.58. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. The firm had revenue of $48.59 billion for the quarter, compared to the consensus estimate of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the business posted $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, equities analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, December 5th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. General Motors’s dividend payout ratio is presently 12.07%.

Insider Buying and Selling at General Motors

In related news, CAO Christopher Hatto sold 23,400 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.01, for a total value of $1,427,634.00. Following the transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $732,547.07. This trade represents a 66.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mary T. Barra sold 753,720 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the sale, the chief executive officer directly owned 433,527 shares of the company’s stock, valued at approximately $25,989,943.65. This represents a 63.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,254,589 shares of company stock worth $77,219,450 over the last quarter. Company insiders own 0.54% of the company’s stock.

Institutional Trading of General Motors

Several institutional investors and hedge funds have recently modified their holdings of GM. Tiemann Investment Advisors LLC boosted its holdings in General Motors by 3.1% in the third quarter. Tiemann Investment Advisors LLC now owns 5,045 shares of the auto manufacturer’s stock valued at $308,000 after purchasing an additional 150 shares during the period. Hemington Wealth Management increased its stake in shares of General Motors by 14.5% during the third quarter. Hemington Wealth Management now owns 1,219 shares of the auto manufacturer’s stock worth $74,000 after buying an additional 154 shares during the period. Fielder Capital Group LLC raised its holdings in General Motors by 3.3% in the third quarter. Fielder Capital Group LLC now owns 5,131 shares of the auto manufacturer’s stock valued at $313,000 after acquiring an additional 163 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in General Motors by 3.4% in the third quarter. Resonant Capital Advisors LLC now owns 5,222 shares of the auto manufacturer’s stock worth $318,000 after acquiring an additional 171 shares during the last quarter. Finally, Sowell Financial Services LLC grew its holdings in General Motors by 2.9% during the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after acquiring an additional 195 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

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.