General Motors (NYSE:GM) Shares Acquired by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. boosted its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 150.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 quarter.

Other hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in General Motors during the 4th quarter valued at about $25,000. Crews Bank & Trust purchased a new stake in shares of General Motors in the fourth quarter valued at approximately $26,000. Catalyst Capital Advisors LLC acquired a new stake in shares of General Motors in the third quarter valued at approximately $27,000. Truvestments Capital LLC purchased a new position in General Motors during the third quarter worth approximately $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in General Motors during the fourth quarter worth $28,000. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Stock Down 3.3 %

General Motors stock traded down $1.59 during mid-day trading on Friday, reaching $46.31. 6,773,091 shares of the company's stock were exchanged, compared to its average volume of 10,552,047. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. General Motors has a twelve month low of $38.94 and a twelve month high of $61.24. The company has a market cap of $46.07 billion, a P/E ratio of 7.53, a P/E/G ratio of 0.67 and a beta of 1.40. The company has a fifty day moving average of $50.81 and a 200-day moving average of $50.11.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (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%. Sell-side analysts expect that General Motors will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, March 7th. General Motors's dividend payout ratio is presently 7.80%.

Analysts Set New Price Targets

A number of brokerages have issued reports on GM. HSBC downgraded General Motors from a "buy" rating to a "hold" rating and set a $58.00 target price for the company. in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a "hold" rating to a "buy" rating and raised their price objective for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. Mizuho increased their price target on shares of General Motors from $59.00 to $62.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Wells Fargo & Company lifted their price target on shares of General Motors from $35.00 to $37.00 and gave the company an "underweight" rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley upgraded General Motors from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $59.71.

Insider Buying and Selling

In other General Motors news, 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 transaction of $535,229.19. Following the completion of the sale, the executive vice president now directly owns 8,513 shares of the company's stock, valued at $510,865.13. The trade was a 51.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the 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 approximately $694,751.24. This represents a 700.12 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company's stock.

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.