Retirement Planning Co of New England Inc. Acquires Shares of 4,700 General Motors Company $GM

Key Points

• Retirement Planning Co of New England Inc. purchased a new stake in General Motors, acquiring 4,700 shares valued at approximately $221,000 in the first quarter, among several institutional investors increasing their positions.
• General Motors reported $2.53 earnings per share (EPS) in its last quarter, slightly exceeding analyst estimates, despite a revenue drop of 1.8% year-over-year, and set FY 2025 guidance between 8.250-10.000 EPS.
• The company declared a quarterly dividend of $0.15 per share payable on September 18th, with a total annualized dividend yield of 1.0%, reflecting a low payout ratio of 9.52%.

Retirement Planning Co of New England Inc. purchased a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,700 shares of the auto manufacturer's stock, valued at approximately $221,000.

Other large investors also recently modified their holdings of the company. Measured Risk Portfolios Inc. bought a new position in shares of General Motors in the fourth quarter valued at about $27,000. Costello Asset Management INC bought a new position in shares of General Motors in the first quarter valued at about $32,000. WPG Advisers LLC acquired a new position in shares of General Motors in the first quarter valued at about $34,000. North Capital Inc. acquired a new position in shares of General Motors in the first quarter valued at about $40,000. Finally, SouthState Corp grew its stake in General Motors by 914.4% during the first quarter. SouthState Corp now owns 984 shares of the auto manufacturer's stock worth $46,000 after buying an additional 887 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GM. Wedbush raised their price objective on shares of General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. lifted their price objective on shares of General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Bank of America decreased their price target on shares of General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of General Motors in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of General Motors in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $58.05.

Insider Buying and Selling

In related news, EVP Rory Harvey sold 23,977 shares of the business's 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 transaction, the executive vice president directly owned 8,513 shares of the company's stock, valued at approximately $451,274.13. The trade was a 73.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Christopher Hatto sold 36,804 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the completion of the transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at $661,585.70. This trade represents a 75.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,070,311 shares of company stock valued at $62,095,433. 0.54% of the stock is owned by insiders.

General Motors Stock Up 0.2%

Shares of GM stock traded up $0.09 on Friday, hitting $58.24. The stock had a trading volume of 7,376,091 shares, compared to its average volume of 6,137,410. The business has a 50 day moving average of $54.46 and a 200 day moving average of $49.95. The stock has a market cap of $55.45 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 1.23 and a beta of 1.32. 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 Company has a 12-month low of $41.60 and a 12-month high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its 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. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The firm had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter in the previous year, the business earned $3.06 EPS. The company's revenue was down 1.8% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

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

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.