Hancock Whitney Corp Raises Stock Holdings in General Motors Company $GM

Key Points

• Hancock Whitney Corp increased its stake in General Motors by 15.7%, owning a total of 122,667 shares valued at approximately $5.77 million as of the end of the most recent quarter.
• General Motors reported earnings per share of $2.53 for the last quarter, exceeding analysts' expectations, with revenue at $47.12 billion, which was also above forecasts.
• The company declared a quarterly dividend of $0.15 per share, resulting in an annualized yield of 1.0%, with a payout ratio of 9.52%.

Hancock Whitney Corp grew its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 15.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,667 shares of the auto manufacturer's stock after purchasing an additional 16,679 shares during the period. Hancock Whitney Corp's holdings in General Motors were worth $5,769,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GM. Vanguard Group Inc. lifted its stake in General Motors by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock valued at $4,672,023,000 after acquiring an additional 6,395,375 shares during the period. Dimensional Fund Advisors LP lifted its stake in General Motors by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer's stock worth $676,322,000 after purchasing an additional 316,196 shares in the last quarter. Invesco Ltd. boosted its stake in General Motors by 4.5% during the first quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer's stock valued at $646,482,000 after buying an additional 594,217 shares during the last quarter. AQR Capital Management LLC increased its position in General Motors by 146.8% in the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock worth $629,196,000 after purchasing an additional 8,012,743 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in General Motors by 17.5% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer's stock worth $603,048,000 after buying an additional 1,910,186 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Performance

General Motors stock opened at $57.74 on Thursday. The stock has a fifty day moving average price of $54.11 and a 200 day moving average price of $49.79. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. General Motors Company has a 52 week low of $41.60 and a 52 week high of $61.24. The firm has a market capitalization of $54.97 billion, a P/E ratio of 9.16, a PEG ratio of 1.24 and a beta of 1.32.

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

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be paid 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 is currently 9.52%.

Insider Transactions at General Motors

In other news, CEO Mary T. Barra sold 87,839 shares of the firm's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $58.13, for a total transaction of $5,106,081.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Christopher Hatto sold 14,667 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $59.00, for a total transaction of $865,353.00. Following the sale, the chief accounting officer owned 12,007 shares of the company's stock, valued at approximately $708,413. This represents a 54.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,070,311 shares of company stock valued at $62,095,433. Corporate insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

GM has been the subject of a number of analyst reports. Industrial Alliance Securities set a $70.00 target price on General Motors in a report on Friday, July 11th. Royal Bank Of Canada reiterated an "outperform" rating on shares of General Motors in a report on Thursday, July 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a research note on Friday, July 11th. Wedbush raised their price target on General Motors from $55.00 to $65.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Finally, Mizuho raised their target price on shares of General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $58.05.

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.

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