Bank of Hawaii Invests $246,000 in General Motors Company $GM

Key Points

• Bank of Hawaii has made a new investment in General Motors, acquiring 5,239 shares worth approximately $246,000 in the first quarter.
• Vanguard Group significantly increased its holdings in General Motors by 6.9%, now owning over 99 million shares valued at almost $4.7 billion.
• The company recently declared a quarterly dividend of $0.15 per share, representing a 1.0% yield and a payout ratio of 9.52%.

Bank of Hawaii bought a new stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,239 shares of the auto manufacturer's stock, valued at approximately $246,000.

Several other large investors have also recently bought and sold shares of GM. Measured Risk Portfolios Inc. bought a new stake in General Motors in the fourth quarter valued at approximately $27,000. Costello Asset Management INC bought a new stake in General Motors in the first quarter valued at approximately $32,000. North Capital Inc. bought a new stake in General Motors in the first quarter valued at approximately $40,000. SouthState Corp increased its stake in General Motors by 914.4% in the first quarter. SouthState Corp now owns 984 shares of the auto manufacturer's stock valued at $46,000 after purchasing an additional 887 shares in the last quarter. Finally, Princeton Global Asset Management LLC boosted its holdings in shares of General Motors by 141.0% in the first quarter. Princeton Global Asset Management LLC now owns 1,070 shares of the auto manufacturer's stock valued at $50,000 after buying an additional 626 shares during the period. Institutional investors own 92.67% of the company's stock.

General Motors Stock Performance

NYSE GM traded up $0.15 on Friday, hitting $58.64. 4,971,207 shares of the stock were exchanged, compared to its average volume of 6,737,402. The business's fifty day moving average is $53.53 and its 200 day moving average is $49.58. General Motors Company has a 52 week low of $41.60 and a 52 week high of $61.24. The company has a market capitalization of $55.83 billion, a PE ratio of 9.31, a P/E/G ratio of 1.23 and a beta of 1.36. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The company had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter last year, the firm posted $3.06 EPS. The company's quarterly revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Research analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, September 5th. General Motors's dividend payout ratio (DPR) is 9.52%.

Analyst Ratings Changes

GM has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a report on Wednesday, July 23rd. Piper Sandler reiterated a "neutral" rating and issued a $48.00 price target (up previously from $43.00) on shares of General Motors in a report on Thursday, May 22nd. Bank of America reduced their price target on shares of General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Benchmark initiated coverage on shares of General Motors in a report on Monday, July 21st. They issued a "buy" rating and a $65.00 price target for the company. Finally, Sanford C. Bernstein set a $36.00 price target on shares of General Motors in a report on Monday, May 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, General Motors has a consensus rating of "Hold" and an average price target of $58.05.

Insider Activity

In other news, EVP Rory Harvey sold 23,977 shares of General Motors stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total value of $1,271,020.77. Following the completion of the transaction, the executive vice president owned 8,513 shares of the company's stock, valued at $451,274.13. This trade represents a 73.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mary T. Barra sold 907,024 shares of General Motors stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 552,238 shares of the company's stock, valued at approximately $32,162,341.12. This trade represents a 62.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,070,311 shares of company stock valued at $62,095,433 in the last quarter. Company insiders own 0.54% of the company's stock.

General Motors 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.