Stockman Wealth Management Inc. Purchases 20,477 Shares of Ford Motor (NYSE:F)

Stockman Wealth Management Inc. raised its position in Ford Motor (NYSE:F) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 614,389 shares of the auto manufacturer’s stock after acquiring an additional 20,477 shares during the quarter. Ford Motor makes up 1.5% of Stockman Wealth Management Inc.’s portfolio, making the stock its 28th biggest holding. Stockman Wealth Management Inc.’s holdings in Ford Motor were worth $7,489,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of F. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Ford Motor by 835.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,839 shares in the last quarter. Milestone Investment Advisors LLC bought a new stake in Ford Motor during the third quarter valued at about $27,000. Peoples Bank KS bought a new stake in Ford Motor during the third quarter valued at about $29,000. Provence Wealth Management Group purchased a new stake in Ford Motor in the third quarter worth about $31,000. Finally, Headinvest LLC bought a new position in shares of Ford Motor in the third quarter worth about $31,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

NYSE F traded up $0.74 during trading on Monday, hitting $12.88. 86,300,867 shares of the stock traded hands, compared to its average volume of 53,497,031. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 2.33. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42. The firm has a 50-day simple moving average of $12.59 and a 200-day simple moving average of $11.76. The company has a market capitalization of $51.18 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 0.96 and a beta of 1.63.

Ford Motor (NYSE:F) last posted its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $43.06 billion. During the same period in the prior year, the company earned $0.51 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, analysts predict that Ford Motor will post 1.89 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently announced a Variable dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a dividend yield of 4.7%. Ford Motor’s dividend payout ratio (DPR) is presently 55.56%.

Insider Activity

In other news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the sale, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on F. Redburn Atlantic initiated coverage on shares of Ford Motor in a report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 target price for the company. UBS Group downgraded shares of Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price objective on the stock. in a research report on Wednesday, January 17th. Barclays upped their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Morgan Stanley boosted their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Finally, Piper Sandler began coverage on Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.82.

About Ford Motor

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.