GM

Mizuho Upgrades General Motors (GM)

Fintel reports that on December 4, 2023, Mizuho upgraded their outlook for General Motors (NYSE:GM) from Neutral to Buy .

Analyst Price Forecast Suggests 43.95% Upside

As of November 27, 2023, the average one-year price target for General Motors is 46.58. The forecasts range from a low of 25.25 to a high of $94.50. The average price target represents an increase of 43.95% from its latest reported closing price of 32.36.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for General Motors is 165,001MM, a decrease of 4.05%. The projected annual non-GAAP EPS is 6.16.

General Motors Declares $0.09 Dividend

On October 23, 2023 the company declared a regular quarterly dividend of $0.09 per share ($0.36 annualized). Shareholders of record as of December 1, 2023 will receive the payment on December 14, 2023. Previously, the company paid $0.09 per share.

At the current share price of $32.36 / share, the stock's dividend yield is 1.11%.

Looking back five years and taking a sample every week, the average dividend yield has been 2.85%, the lowest has been 0.86%, and the highest has been 8.64%. The standard deviation of yields is 1.87 (n=126).

The current dividend yield is 0.93 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.05. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

What is the Fund Sentiment?

There are 2073 funds or institutions reporting positions in General Motors. This is a decrease of 20 owner(s) or 0.96% in the last quarter. Average portfolio weight of all funds dedicated to GM is 0.33%, a decrease of 1.56%. Total shares owned by institutions increased in the last three months by 0.48% to 1,303,410K shares. GM / General Motors Company Put/Call Ratios The put/call ratio of GM is 0.88, indicating a bullish outlook.

What are Other Shareholders Doing?

GM / General Motors Company Shares Held by Institutions

Capital World Investors holds 50,581K shares representing 3.69% ownership of the company. In it's prior filing, the firm reported owning 50,797K shares, representing a decrease of 0.43%. The firm decreased its portfolio allocation in GM by 12.31% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 42,841K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 41,136K shares, representing an increase of 3.98%. The firm decreased its portfolio allocation in GM by 7.57% over the last quarter.

Harris Associates L P holds 35,510K shares representing 2.59% ownership of the company. In it's prior filing, the firm reported owning 38,535K shares, representing a decrease of 8.52%. The firm decreased its portfolio allocation in GM by 20.01% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 33,062K shares representing 2.41% ownership of the company. In it's prior filing, the firm reported owning 33,098K shares, representing a decrease of 0.11%. The firm decreased its portfolio allocation in GM by 12.55% over the last quarter.

Capital Research Global Investors holds 30,602K shares representing 2.23% ownership of the company. In it's prior filing, the firm reported owning 35,945K shares, representing a decrease of 17.46%. The firm decreased its portfolio allocation in GM by 25.20% over the last quarter.

General Motors Background Information
(This description is provided by the company.)

General Motors is a global company committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet,Buick,GMC,Cadillac, Baojun and Wuling brands.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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