General Motors (GM) To Go Ex-Dividend on March 7th

General Motors (NYSE:GM) (TSE:GMM.U) announced a quarterly dividend on Monday, January 27th,RTT News reports. Shareholders of record on Friday, March 7th will be given a dividend of 0.12 per share by the auto manufacturer on Thursday, March 20th. This represents a $0.48 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Friday, March 7th.

General Motors has a payout ratio of 4.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect General Motors to earn $10.75 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 4.5%.

General Motors Stock Down 8.8 %

Shares of GM opened at $50.07 on Wednesday. General Motors has a 52 week low of $34.93 and a 52 week high of $61.24. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $55.06 billion, a price-to-earnings ratio of 5.34, a PEG ratio of 0.38 and a beta of 1.42. The stock’s 50-day moving average price is $53.14 and its 200-day moving average price is $49.95.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 16.30% and a net margin of 6.06%. On average, sell-side analysts predict that General Motors will post 10.34 EPS for the current year.

Insider Buying and Selling

In related news, President Mark L. Reuss sold 122,283 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the sale, the president now directly owns 126,907 shares in the company, valued at approximately $7,000,190.12. This represents a 49.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rory Harvey sold 8,919 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 514,344 shares of company stock valued at $28,977,691. 0.72% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. StockNews.com raised General Motors from a “hold” rating to a “buy” rating in a report on Tuesday. Sanford C. Bernstein increased their price target on General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Barclays increased their price target on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Mizuho increased their price target on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group increased their price target on General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, General Motors has a consensus rating of “Hold” and a consensus target price of $61.17.

General Motors Company Profile

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.