First Hawaiian Bank Sells 5,849 Shares of General Motors (NYSE:GM)

First Hawaiian Bank trimmed its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,467 shares of the auto manufacturer’s stock after selling 5,849 shares during the quarter. First Hawaiian Bank’s holdings in General Motors were worth $2,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of GM. Strategic Investment Solutions Inc. IL bought a new position in shares of General Motors in the second quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in General Motors in the 3rd quarter worth $27,000. Truvestments Capital LLC purchased a new position in shares of General Motors in the third quarter valued at about $27,000. Fairscale Capital LLC bought a new position in shares of General Motors during the second quarter valued at about $36,000. Finally, Eastern Bank bought a new stake in shares of General Motors in the third quarter worth about $34,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GM has been the subject of several research analyst reports. DZ Bank cut General Motors from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a report on Friday, October 11th. Mizuho raised their price target on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Wedbush boosted their price objective on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. HSBC cut shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a research report on Wednesday, December 11th. Finally, Hsbc Global Res cut shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $59.58.

Insider Buying and Selling

In other news, EVP Rory Harvey sold 9,307 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $54.01, for a total value of $502,671.07. Following the transaction, the executive vice president now directly owns 8,513 shares in the company, valued at $459,787.13. This trade represents a 52.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mary T. Barra sold 506,824 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total value of $27,028,923.92. Following the sale, the chief executive officer now owns 694,548 shares of the company’s stock, valued at approximately $37,040,244.84. This trade represents a 42.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,030,475 shares of company stock worth $56,509,286. 0.72% of the stock is owned by corporate insiders.

General Motors Stock Performance

Shares of General Motors stock opened at $50.98 on Thursday. The stock has a market cap of $56.06 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 0.40 and a beta of 1.42. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. General Motors has a 1 year low of $34.32 and a 1 year high of $61.24. The firm’s 50-day moving average is $53.94 and its 200 day moving average is $49.43.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The company had revenue of $48.76 billion during the quarter, compared to analyst estimates of $44.67 billion. During the same period in the previous year, the business earned $2.28 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Sell-side analysts anticipate that General Motors will post 10.35 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.48 annualized dividend and a dividend yield of 0.94%. General Motors’s dividend payout ratio (DPR) is presently 5.12%.

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.