General Motors Plans Quarterly Dividend of $0.12 (NYSE:GM)

General Motors (NYSE:GM) (TSE:GMM.U) declared 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 dividend on an annualized basis and a yield of 0.87%.

General Motors has a dividend payout ratio of 4.2% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NYSE GM opened at $54.99 on Tuesday. The business has a 50 day simple moving average of $53.17 and a 200-day simple moving average of $49.90. General Motors has a twelve month low of $34.93 and a twelve month high of $61.24. The company has a market capitalization of $60.47 billion, a price-to-earnings ratio of 5.86, a price-to-earnings-growth ratio of 0.38 and a beta of 1.42. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 6.06% and a return on equity of 16.30%. As a group, equities research analysts expect that General Motors will post 10.34 earnings per share for the current year.

Insider Buying and Selling at General Motors

In other news, President Mark L. Reuss sold 122,283 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 of the company’s stock, valued at $7,000,190.12. This represents a 49.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Craig B. Glidden sold 383,142 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the transaction, the executive vice president now directly owns 122,465 shares in the company, valued at $6,935,192.95. The trade was a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 514,344 shares of company stock valued at $28,977,691 in the last three months. 0.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GM has been the topic of several recent research reports. DZ Bank downgraded General Motors from a “buy” rating to a “hold” rating and set a $49.00 price target on the stock. in a report on Friday, October 11th. Wedbush boosted their price target on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Sanford C. Bernstein lifted their price objective on shares of General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. UBS Group upped their target price on shares of General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, Morgan Stanley raised General Motors from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $46.00 to $54.00 in a report on Tuesday, December 10th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $61.17.

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.