Hussman Strategic Advisors Inc. Has $1.98 Million Stock Position in General Motors Company (NYSE:GM)

Hussman Strategic Advisors Inc. trimmed its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 20.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,000 shares of the auto manufacturer's stock after selling 10,500 shares during the period. Hussman Strategic Advisors Inc.'s holdings in General Motors were worth $1,975,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GM. Norges Bank purchased a new position in General Motors in the fourth quarter valued at about $592,321,000. Assenagon Asset Management S.A. grew its stake in General Motors by 305.6% in the first quarter. Assenagon Asset Management S.A. now owns 2,858,959 shares of the auto manufacturer's stock valued at $134,457,000 after purchasing an additional 2,154,037 shares in the last quarter. National Bank of Canada FI grew its stake in General Motors by 54.4% in the fourth quarter. National Bank of Canada FI now owns 3,352,523 shares of the auto manufacturer's stock valued at $178,593,000 after purchasing an additional 1,180,936 shares in the last quarter. Franklin Resources Inc. grew its stake in General Motors by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock valued at $1,559,380,000 after purchasing an additional 1,170,816 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in General Motors in the fourth quarter valued at about $60,198,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Performance

NYSE:GM traded up $0.02 during mid-day trading on Friday, hitting $53.23. 6,492,936 shares of the company's stock traded hands, compared to its average volume of 12,602,182. The firm has a 50 day moving average of $50.02 and a two-hundred day moving average of $48.74. The company has a current ratio of 1.21, a quick ratio of 1.04 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $51.18 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 1.43 and a beta of 1.32. General Motors Company has a 12 month low of $38.96 and a 12 month high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, beating the consensus estimate of $2.63 by $0.15. The firm had revenue of $44.02 billion during the quarter, compared to analysts' expectations of $42.64 billion. General Motors had a return on equity of 14.30% and a net margin of 3.08%. The company's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.62 EPS. On average, equities analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Friday, June 6th were issued a $0.15 dividend. This is a boost from General Motors's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.60 annualized dividend and a yield of 1.13%. General Motors's dividend payout ratio is 8.65%.

Analyst Ratings Changes

GM has been the subject of several recent analyst reports. Industrial Alliance Securities set a $70.00 price target on General Motors in a research note on Friday, July 11th. Sanford C. Bernstein set a $36.00 price target on General Motors in a research note on Monday, May 5th. The Goldman Sachs Group reiterated a "buy" rating on shares of General Motors in a research note on Friday, July 11th. Piper Sandler reiterated a "neutral" rating and set a $48.00 price target (up previously from $43.00) on shares of General Motors in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada upped their price target on General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $55.17.

General Motors 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.