Saxon Interests Inc. Invests $178,000 in Ford Motor (NYSE:F)

Saxon Interests Inc. bought a new stake in Ford Motor (NYSE:F) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,632 shares of the auto manufacturer’s stock, valued at approximately $178,000.

Several other large investors have also recently added to or reduced their stakes in the stock. AJ Wealth Strategies LLC grew its position in Ford Motor by 2.7% in the 1st quarter. AJ Wealth Strategies LLC now owns 31,374 shares of the auto manufacturer’s stock worth $531,000 after purchasing an additional 820 shares during the last quarter. First Manhattan Co. lifted its position in Ford Motor by 6.7% during the 4th quarter. First Manhattan Co. now owns 13,649 shares of the auto manufacturer’s stock valued at $159,000 after purchasing an additional 853 shares during the period. Zuckerman Investment Group LLC grew its holdings in Ford Motor by 3.6% during the 2nd quarter. Zuckerman Investment Group LLC now owns 24,355 shares of the auto manufacturer’s stock worth $368,000 after acquiring an additional 855 shares during the period. Atlas Brown Inc. increased its holdings in Ford Motor by 1.0% in the third quarter. Atlas Brown Inc. now owns 85,588 shares of the auto manufacturer’s stock valued at $1,063,000 after purchasing an additional 862 shares during the last quarter. Finally, Waverly Advisors LLC raised its position in shares of Ford Motor by 8.1% in the 4th quarter. Waverly Advisors LLC now owns 11,812 shares of the auto manufacturer’s stock valued at $137,000 after acquiring an additional 886 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Insider Transactions at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the sale, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at $88,988.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on F shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $12.00 target price on shares of Ford Motor in a report on Wednesday, February 7th. Piper Sandler started coverage on Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target for the company. Barclays boosted their target price on shares of Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. BNP Paribas lowered Ford Motor from an “outperform” rating to a “neutral” rating and set a $12.00 price target for the company. in a research report on Wednesday, December 13th. Finally, HSBC initiated coverage on shares of Ford Motor in a research note on Monday, December 4th. They issued a “hold” rating and a $11.30 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Ford Motor has a consensus rating of “Hold” and an average price target of $13.75.

Ford Motor Stock Up 1.6 %

NYSE:F traded up $0.21 during mid-day trading on Thursday, hitting $13.28. 61,811,554 shares of the company’s stock traded hands, compared to its average volume of 54,680,203. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20. The company has a market capitalization of $52.75 billion, a P/E ratio of 12.29, a P/E/G ratio of 0.99 and a beta of 1.63. The company has a fifty day moving average of $12.19 and a 200 day moving average of $11.70. Ford Motor has a twelve month low of $9.63 and a twelve month high of $15.42.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.17. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The firm had revenue of $43.21 billion during the quarter, compared to analysts’ expectations of $43.06 billion. During the same period last year, the business posted $0.51 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, analysts forecast that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a Variable dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a dividend of $0.33 per share. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 4.7%. Ford Motor’s payout ratio is currently 55.56%.

Ford Motor Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company 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.