State of Alaska Department of Revenue increased its stake in shares of Ford Motor (NYSE:F) by 307.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 437,698 shares of the auto manufacturer’s stock after purchasing an additional 330,158 shares during the quarter. State of Alaska Department of Revenue’s holdings in Ford Motor were worth $5,465,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New England Investment & Retirement Group Inc. bought a new position in Ford Motor in the fourth quarter valued at approximately $2,771,000. Syntal Capital Partners LLC boosted its stake in Ford Motor by 30.7% in the fourth quarter. Syntal Capital Partners LLC now owns 33,143 shares of the auto manufacturer’s stock valued at $413,000 after acquiring an additional 7,794 shares during the last quarter. Oakbrook Investments LLC bought a new position in Ford Motor in the fourth quarter valued at approximately $1,729,000. Schwab Charles Investment Management Inc. boosted its stake in Ford Motor by 4.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 15,861,225 shares of the auto manufacturer’s stock valued at $198,107,000 after acquiring an additional 702,675 shares during the last quarter. Finally, Sicart Associates LLC bought a new position in Ford Motor in the fourth quarter valued at approximately $500,000. 53.60% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Hau N. Thai-Tang sold 18,000 shares of Ford Motor stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $13.00, for a total transaction of $234,000.00. Following the transaction, the insider now directly owns 14,358 shares of the company’s stock, valued at $186,654. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Hau N. Thai-Tang sold 19,000 shares of Ford Motor stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $12.50, for a total transaction of $237,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,752 shares of company stock worth $603,965. Insiders own 1.08% of the company’s stock.
Ford Motor (NYSE:F) opened at $12.00 on Friday. The firm has a market cap of $47,667.63, a price-to-earnings ratio of 7.14, a PEG ratio of 0.71 and a beta of 1.25. Ford Motor has a 52-week low of $10.47 and a 52-week high of $13.48. The company has a current ratio of 1.19, a quick ratio of 1.08 and a debt-to-equity ratio of 2.94.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. The company had revenue of $33.65 billion for the quarter, compared to analysts’ expectations of $32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. research analysts anticipate that Ford Motor will post 1.78 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, January 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, January 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.00%. Ford Motor’s dividend payout ratio is 54.55%.
A number of equities analysts have issued reports on F shares. Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, December 26th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Ford Motor in a research note on Tuesday, November 28th. Vetr raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $13.34 price objective on the stock in a research note on Wednesday, October 4th. ValuEngine raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $13.00 price objective on shares of Ford Motor in a research note on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $12.66.
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About Ford Motor
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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