Hussman Strategic Advisors Inc. Grows Stake in General Motors (NYSE:GM)

Hussman Strategic Advisors Inc. boosted its position in General Motors (NYSE:GM) (TSE:GMM.U) by 150.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 52,500 shares of the auto manufacturer’s stock after buying an additional 31,500 shares during the period. Hussman Strategic Advisors Inc.’s holdings in General Motors were worth $2,797,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Handelsbanken Fonder AB grew its holdings in General Motors by 10.9% during the 4th quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer’s stock valued at $10,763,000 after buying an additional 19,924 shares during the last quarter. Sunpointe LLC grew its holdings in General Motors by 20.7% during the 4th quarter. Sunpointe LLC now owns 5,591 shares of the auto manufacturer’s stock valued at $298,000 after buying an additional 957 shares during the last quarter. LMG Wealth Partners LLC acquired a new stake in General Motors during the 4th quarter valued at $200,000. Ieq Capital LLC grew its holdings in General Motors by 34.5% during the 4th quarter. Ieq Capital LLC now owns 151,978 shares of the auto manufacturer’s stock valued at $8,096,000 after buying an additional 39,016 shares during the last quarter. Finally, Abacus Planning Group Inc. grew its holdings in General Motors by 10.5% during the 4th quarter. Abacus Planning Group Inc. now owns 11,273 shares of the auto manufacturer’s stock valued at $601,000 after buying an additional 1,071 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the transaction, the director now owns 13,714 shares in the company, valued at $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. increased their target price on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. HSBC cut General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a report on Wednesday, December 11th. Wells Fargo & Company raised their price objective on General Motors from $35.00 to $37.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. Finally, Mizuho raised their price objective on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, General Motors has an average rating of “Hold” and a consensus price target of $59.71.

General Motors Trading Down 0.8 %

NYSE:GM opened at $47.77 on Thursday. The business’s 50-day moving average is $50.90 and its two-hundred day moving average is $50.13. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a 12 month low of $38.13 and a 12 month high of $61.24. The firm has a market capitalization of $47.53 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 0.68 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. Research analysts predict that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio (DPR) is presently 7.80%.

General Motors Company Profile

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.