The Manufacturers Life Insurance Company boosted its position in Ford Motor (NYSE:F) by 1.5% in the 1st quarter, Holdings Channel reports. The firm owned 4,099,545 shares of the auto manufacturer’s stock after buying an additional 60,081 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Ford Motor were worth $35,994,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Magnus Financial Group LLC raised its stake in shares of Ford Motor by 7.4% during the first quarter. Magnus Financial Group LLC now owns 15,102 shares of the auto manufacturer’s stock valued at $133,000 after acquiring an additional 1,035 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in shares of Ford Motor by 38.2% during the first quarter. Cornerstone Advisors Inc. now owns 3,802 shares of the auto manufacturer’s stock valued at $33,000 after acquiring an additional 1,051 shares in the last quarter. Boenning & Scattergood Inc. raised its stake in shares of Ford Motor by 6.6% during the first quarter. Boenning & Scattergood Inc. now owns 17,259 shares of the auto manufacturer’s stock valued at $152,000 after acquiring an additional 1,063 shares in the last quarter. Berman Capital Advisors LLC raised its stake in shares of Ford Motor by 46.6% during the first quarter. Berman Capital Advisors LLC now owns 3,553 shares of the auto manufacturer’s stock valued at $31,000 after acquiring an additional 1,130 shares in the last quarter. Finally, Glassman Wealth Services raised its stake in shares of Ford Motor by 3.9% during the first quarter. Glassman Wealth Services now owns 30,185 shares of the auto manufacturer’s stock valued at $265,000 after acquiring an additional 1,131 shares in the last quarter. 52.37% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on F. Bank of America raised shares of Ford Motor from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $13.00 to $14.00 in a report on Friday, May 10th. ValuEngine raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. BMO Capital Markets lifted their price objective on shares of Ford Motor from $8.50 to $10.00 and gave the company a “market perform” rating in a report on Monday, May 6th. Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a report on Tuesday, April 30th. Finally, Jefferies Financial Group raised shares of Ford Motor to a “buy” rating and lifted their price objective for the company from $11.00 to $12.50 in a report on Tuesday, April 30th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $10.48.
NYSE F traded down $0.05 on Wednesday, hitting $9.87. The stock had a trading volume of 288,404 shares, compared to its average volume of 41,782,801. The company has a current ratio of 1.22, a quick ratio of 1.10 and a debt-to-equity ratio of 2.82. Ford Motor has a 52-week low of $7.41 and a 52-week high of $12.15. The firm has a market capitalization of $38.94 billion, a P/E ratio of 7.59, a P/E/G ratio of 0.97 and a beta of 1.13.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, April 25th. The auto manufacturer reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.18. Ford Motor had a net margin of 1.94% and a return on equity of 14.41%. The business had revenue of $40.34 billion for the quarter, compared to analyst estimates of $37.37 billion. During the same period in the previous year, the company earned $0.43 earnings per share. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, sell-side analysts predict that Ford Motor will post 1.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, April 24th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.08%. The ex-dividend date was Tuesday, April 23rd. Ford Motor’s dividend payout ratio is currently 46.15%.
In other news, VP Catherine A. O’callaghan sold 53,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $10.33, for a total transaction of $547,490.00. Following the sale, the vice president now directly owns 48,275 shares of the company’s stock, valued at $498,680.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James P. Hackett sold 20,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $9.61, for a total transaction of $192,200.00. Following the sale, the chief executive officer now directly owns 214,575 shares in the company, valued at $2,062,065.75. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by insiders.
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Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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