Xact Kapitalforvaltning AB increased its stake in shares of Ford Motor (NYSE:F) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 813,771 shares of the auto manufacturer’s stock after acquiring an additional 52,765 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Ford Motor were worth $10,164,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in F. Handelsbanken Fonder AB purchased a new position in Ford Motor during the 4th quarter worth $624,000. Envestnet Asset Management Inc. grew its position in Ford Motor by 16.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 466,899 shares of the auto manufacturer’s stock worth $5,832,000 after purchasing an additional 64,766 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Ford Motor by 3.3% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,916,695 shares of the auto manufacturer’s stock worth $23,940,000 after purchasing an additional 61,014 shares during the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in Ford Motor during the 4th quarter worth $179,000. Finally, Delek Group Ltd. purchased a new position in Ford Motor during the 4th quarter worth $753,000. Hedge funds and other institutional investors own 56.57% of the company’s stock.
Shares of Ford Motor (NYSE:F) opened at $10.78 on Friday. The company has a market cap of $44,104.20, a PE ratio of 5.66, a P/E/G ratio of 0.67 and a beta of 1.12. Ford Motor has a fifty-two week low of $10.14 and a fifty-two week high of $13.48. The company has a current ratio of 1.23, a quick ratio of 1.12 and a debt-to-equity ratio of 2.94.
Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, January 24th. The auto manufacturer reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The company had revenue of $38.50 billion for the quarter, compared to analysts’ expectations of $36.96 billion. Ford Motor had a return on equity of 21.71% and a net margin of 4.85%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS. analysts forecast that Ford Motor will post 1.55 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Tuesday, January 30th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date was Monday, January 29th. Ford Motor’s dividend payout ratio is currently 31.58%.
Several brokerages have issued reports on F. Susquehanna Bancshares set a $12.00 price objective on shares of Ford Motor and gave the stock a “hold” rating in a research report on Wednesday, March 14th. Morgan Stanley raised shares of Ford Motor from an “underweight” rating to an “overweight” rating and lowered their price objective for the stock from $10.78 to $10.00 in a research report on Wednesday, March 14th. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a “hold” rating and issued a $11.00 target price on shares of Ford Motor in a report on Tuesday, March 6th. Zacks Investment Research raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Finally, ValuEngine downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $12.42.
In other Ford Motor news, insider Hau N. Thai-Tang sold 18,000 shares of Ford Motor stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $13.00, for a total transaction of $234,000.00. Following the completion of the transaction, the insider now owns 14,358 shares in the company, valued at $186,654. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman William Clay Ford, Jr. sold 454,260 shares of Ford Motor stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $10.32, for a total transaction of $4,687,963.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 503,675 shares of company stock worth $5,246,794. 1.08% of the stock is owned by insiders.
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Ford Motor Company Profile
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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