On March 29, 2023 at 10:06:28 ET an unusually large
$438.34K block of Call contracts in General Motors
(GM) was bought,
with a strike price of $41.00 / share, expiring in 79 days (on June 16, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 1.31 sigmas above the mean, placing it in the 89.96 percentile of all recent large trades made in GM options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 45.65% Upside
As of March 28, 2023,
the average one-year price target for General Motors is $49.84.
The forecasts range from a low of $30.30 to a high of $90.30.
The average price target represents an increase of 45.65% from its latest reported closing price of $34.22.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for General Motors
is $165,001MM, an increase of 5.27%.
The projected annual non-GAAP EPS
is $6.16.
What is the Fund Sentiment?
There are 2114 funds or institutions reporting positions in General Motors.
This is an increase
of
28
owner(s) or 1.34% in the last quarter.
Average portfolio weight of all funds dedicated to GM is 0.31%,
a decrease
of 16.97%.
Total shares owned by institutions decreased
in the last three months by 0.97% to 1,373,841K shares.
The put/call ratio of GM is 0.96, indicating a
bullish
outlook.
What are Large Shareholders Doing?
Capital Research Global Investors
holds 78,404K shares
representing 5.62% ownership of the company.
In it’s prior filing, the firm reported owning 78,065K shares, representing
an increase
of 0.43%.
The firm
decreased
its portfolio allocation in GM by 3.15% over the last quarter.
Capital World Investors
holds 54,474K shares
representing 3.91% ownership of the company.
In it’s prior filing, the firm reported owning 52,800K shares, representing
an increase
of 3.07%.
The firm
increased
its portfolio allocation in GM by 2.68% over the last quarter.
Berkshire Hathaway
holds 50,000K shares
representing 3.59% ownership of the company.
No change in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 40,959K shares
representing 2.94% ownership of the company.
In it’s prior filing, the firm reported owning 41,294K shares, representing
a decrease
of 0.82%.
The firm
decreased
its portfolio allocation in GM by 3.98% over the last quarter.
Harris Associates L P
holds 39,376K shares
representing 2.82% ownership of the company.
In it’s prior filing, the firm reported owning 41,531K shares, representing
a decrease
of 5.47%.
The firm
decreased
its portfolio allocation in GM by 6.47% over the last quarter.
General Motors Declares $0.09 Dividend
On February 1, 2023 the company declared a regular
quarterly dividend of $0.09 per share ($0.36 annualized).
Shareholders of record as of March 3, 2023
received the payment on March 16, 2023.
Previously, the company paid $0.09 per share.
At the current share price of $34.22 / share,
the stock’s dividend yield is 1.05%.
Looking back five years and taking a sample every week, the average dividend yield has been
3.62%,
the lowest has been 0.86%,
and the highest has been 8.64%.
The standard deviation of yields is 1.58 (n=127).
The current dividend yield is
1.62 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.05.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is -0.76%.
General Motors Background Information
(This description is provided by the company.)
General Motors is a global company committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet,Buick,GMC,Cadillac, Baojun and Wuling brands.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
