General Motors (NYSE:GM) (TSE:GMM.U) saw unusually large options trading activity on Wednesday. Stock investors acquired 481,628 call options on the company. This is an increase of 1,436% compared to the average volume of 31,352 call options.

Several equities research analysts have commented on the stock. BidaskClub raised shares of General Motors from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Jefferies Group upped their price objective on shares of General Motors from $36.00 to $40.00 and gave the company a “hold” rating in a report on Monday, October 30th. Standpoint Research downgraded shares of General Motors from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Citigroup reaffirmed a “buy” rating and set a $53.00 price objective on shares of General Motors in a report on Monday, October 2nd. Finally, Goldman Sachs Group downgraded shares of General Motors from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $43.16 to $32.00 in a report on Monday, October 30th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $43.70.

General Motors (NYSE:GM) opened at $42.02 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.94 and a quick ratio of 0.79. The firm has a market cap of $59,870.20, a P/E ratio of 6.81, a P/E/G ratio of 0.73 and a beta of 1.54. General Motors has a 52-week low of $31.92 and a 52-week high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.25. The company had revenue of $30.48 billion for the quarter, compared to analysts’ expectations of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. General Motors’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.72 earnings per share. analysts anticipate that General Motors will post 6.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, December 8th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Thursday, December 7th. General Motors’s dividend payout ratio (DPR) is 77.95%.

In other General Motors news, CFO Charles K. Stevens III sold 265,458 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $44.49, for a total transaction of $11,810,226.42. Following the sale, the chief financial officer now directly owns 326,510 shares of the company’s stock, valued at $14,526,429.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Daniel Ammann sold 50,000 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $38.00, for a total transaction of $1,900,000.00. Following the sale, the president now directly owns 185,953 shares in the company, valued at $7,066,214. The disclosure for this sale can be found here. Insiders sold a total of 1,059,526 shares of company stock worth $44,428,425 over the last three months. 0.04% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of GM. State of Alaska Department of Revenue grew its position in General Motors by 10.5% during the second quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock valued at $113,000 after acquiring an additional 310 shares during the last quarter. Eads & Heald Investment Counsel grew its position in General Motors by 2.9% during the second quarter. Eads & Heald Investment Counsel now owns 5,910 shares of the auto manufacturer’s stock valued at $206,000 after acquiring an additional 165 shares during the last quarter. ARP Americas LLC bought a new position in General Motors during the second quarter valued at approximately $203,000. Retirement Systems of Alabama grew its position in General Motors by 12.9% during the second quarter. Retirement Systems of Alabama now owns 1,625,827 shares of the auto manufacturer’s stock valued at $56,790,000 after acquiring an additional 185,605 shares during the last quarter. Finally, Palladium Partners LLC grew its position in General Motors by 5.6% during the second quarter. Palladium Partners LLC now owns 12,545 shares of the auto manufacturer’s stock valued at $438,000 after acquiring an additional 669 shares during the last quarter. Institutional investors own 73.06% of the company’s stock.

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About General Motors

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

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