General Motors (NYSE:GM) Reaches New 12-Month High – Should You Buy?

General Motors Company (NYSE:GM) (TSE:GMM.U) shares hit a new 52-week high on Thursday . The stock traded as high as $72.39 and last traded at $71.8630, with a volume of 9166435 shares traded. The stock had previously closed at $71.22.

Analyst Ratings Changes

Several equities analysts recently issued reports on GM shares. Bank of America cut their price objective on shares of General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Wall Street Zen cut General Motors from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Citigroup lifted their price target on General Motors from $75.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. TD Cowen boosted their price target on General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Cowen reaffirmed a “buy” rating on shares of General Motors in a research report on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.00.

General Motors Stock Up 0.9%

The company has a 50-day moving average of $62.09 and a 200-day moving average of $55.14. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $67.04 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The business had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. During the same quarter in the previous year, the firm earned $2.96 earnings per share. The company’s revenue was down .3% on a year-over-year basis. 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 fiscal year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, December 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. General Motors’s dividend payout ratio is presently 12.07%.

Insiders Place Their Bets

In other news, CAO Christopher Hatto sold 23,400 shares of General Motors stock in a transaction on Friday, September 26th. The shares were sold at an average price of $61.01, for a total transaction of $1,427,634.00. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $732,547.07. The trade was a 66.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mary T. Barra sold 907,024 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the sale, the chief executive officer directly owned 552,238 shares in the company, valued at $32,162,341.12. This trade represents a 62.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 2,290,340 shares of company stock valued at $137,493,952. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On General Motors

A number of institutional investors and hedge funds have recently modified their holdings of GM. Trust Co. of Toledo NA OH acquired a new position in General Motors in the 2nd quarter worth approximately $25,000. GFG Capital LLC acquired a new stake in General Motors during the 2nd quarter valued at approximately $27,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of General Motors in the 3rd quarter valued at $29,000. Costello Asset Management INC purchased a new stake in shares of General Motors in the 1st quarter valued at $32,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of General Motors in the second quarter worth $32,000. Institutional investors and hedge funds 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.