General Motors Sees Unusually Large Options Volume (NYSE:GM)

General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) was the recipient of some unusual options trading activity on Wednesday. Investors purchased 42,446 call options on the stock. This is an increase of 106% compared to the average daily volume of 20,622 call options.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 79,494 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $83.02, for a total value of $6,599,591.88. Following the completion of the sale, the executive vice president owned 46,519 shares in the company, valued at approximately $3,862,007.38. This trade represents a 63.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 215,391 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $80.01, for a total transaction of $17,233,433.91. Following the completion of the sale, the chief executive officer directly owned 770,491 shares of the company’s stock, valued at approximately $61,646,984.91. This represents a 21.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 697,388 shares of company stock worth $57,752,596 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of General Motors

Hedge funds have recently bought and sold shares of the stock. Laurel Wealth Advisors LLC acquired a new position in shares of General Motors in the fourth quarter valued at approximately $25,000. Evergreen Advisors LLC acquired a new stake in shares of General Motors during the first quarter worth $26,000. Elevation Wealth Partners LLC raised its holdings in shares of General Motors by 500.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 275 shares during the period. SouthState Bank Corp lifted its position in General Motors by 101.7% in the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock valued at $29,000 after acquiring an additional 177 shares in the last quarter. Finally, Kelleher Financial Advisors acquired a new position in General Motors in the 3rd quarter worth $29,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Trading Up 3.9%

General Motors stock traded up $3.12 during mid-day trading on Wednesday, hitting $82.64. 5,436,958 shares of the company’s stock were exchanged, compared to its average volume of 7,907,035. The company’s 50 day simple moving average is $78.91 and its 200-day simple moving average is $78.83. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $74.51 billion, a P/E ratio of 33.25, a PEG ratio of 0.38 and a beta of 1.31. General Motors has a fifty-two week low of $49.87 and a fifty-two week high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.39. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The firm had revenue of $48.03 billion during the quarter, compared to analysts’ expectations of $47.01 billion. During the same period in the previous year, the firm earned $2.53 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, equities analysts anticipate that General Motors will post 12.88 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be given a $0.18 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. General Motors’s payout ratio is currently 29.03%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of General Motors in a research note on Friday. Wall Street Zen upgraded General Motors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Wedbush restated an “outperform” rating and set a $95.00 target price on shares of General Motors in a research report on Monday, May 11th. Evercore reaffirmed an “outperform” rating and issued a $100.00 price target on shares of General Motors in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of General Motors in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, General Motors has an average rating of “Moderate Buy” and an average target price of $98.86.

Read Our Latest Stock Analysis on General Motors

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About General Motors

(Get Free Report)

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.

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