Standpoint Research Lowers General Motors Company (GM) to Hold

Standpoint Research cut shares of General Motors Company (NYSE:GM) (TSE:GMM.U) from a buy rating to a hold rating in a research report released on Thursday, Marketbeat Ratings reports.

Several other equities analysts also recently commented on GM. Buckingham Research reaffirmed a neutral rating on shares of General Motors in a research note on Friday, June 2nd. Vetr raised shares of General Motors to a strong-buy rating in a research note on Friday, June 9th. Berenberg Bank reaffirmed a sell rating and set a $31.00 price objective on shares of General Motors in a research note on Tuesday, June 13th. Wolfe Research initiated coverage on shares of General Motors in a research note on Tuesday, June 13th. They set a market perform rating and a $33.00 price objective for the company. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $36.00 price objective on shares of General Motors in a research note on Tuesday, June 13th. Two equities 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 assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $38.97.

Shares of General Motors (GM) opened at 38.88 on Thursday. General Motors has a 12-month low of $30.21 and a 12-month high of $39.18. The company has a 50 day moving average price of $36.04 and a 200 day moving average price of $35.11. The company has a market capitalization of $56.66 billion, a P/E ratio of 6.76 and a beta of 1.44.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, July 25th. The auto manufacturer reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. The firm had revenue of $36.98 billion during the quarter, compared to the consensus estimate of $37.67 billion. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 earnings per share. Equities analysts anticipate that General Motors will post $6.13 EPS for the current 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 issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, September 7th. General Motors’s payout ratio is 26.48%.

In other news, President Daniel Ammann sold 50,000 shares of the 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 owns 185,953 shares in the company, valued at $7,066,214. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Thomas S. Timko sold 17,255 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $35.79, for a total transaction of $617,556.45. Following the sale, the vice president now owns 26,100 shares in the company, valued at approximately $934,119. The disclosure for this sale can be found here. In the last quarter, insiders have sold 614,947 shares of company stock worth $22,402,528. Corporate insiders own 0.04% of the company’s stock.

Several large investors have recently bought and sold shares of GM. YorkBridge Wealth Partners LLC grew its holdings in shares of General Motors by 43.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock valued at $101,000 after buying an additional 860 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of General Motors during the first quarter valued at approximately $103,000. Franklin Parlapiano Turner & Welch LLC purchased a new stake in shares of General Motors during the first quarter valued at approximately $106,000. FNY Managed Accounts LLC purchased a new stake in shares of General Motors during the first quarter valued at approximately $107,000. Finally, Ffcm LLC grew its holdings in shares of General Motors by 2,008.1% during the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock valued at $120,000 after buying an additional 3,213 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.

General Motors Company Profile

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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