Oakbrook Investments LLC bought a new stake in Ford Motor (NYSE:F) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 138,400 shares of the auto manufacturer’s stock, valued at approximately $1,729,000.
Other hedge funds have also recently modified their holdings of the company. Captrust Financial Advisors bought a new stake in shares of Ford Motor in the 2nd quarter valued at about $106,000. Balentine LLC raised its holdings in shares of Ford Motor by 4.0% in the 2nd quarter. Balentine LLC now owns 9,462 shares of the auto manufacturer’s stock valued at $106,000 after purchasing an additional 365 shares during the period. Godsey & Gibb Associates bought a new stake in shares of Ford Motor in the 2nd quarter valued at about $117,000. Brighton Jones LLC raised its holdings in shares of Ford Motor by 40.3% in the 3rd quarter. Brighton Jones LLC now owns 19,225 shares of the auto manufacturer’s stock valued at $119,000 after purchasing an additional 5,518 shares during the period. Finally, Affinity Wealth Management raised its holdings in shares of Ford Motor by 892.4% in the 2nd quarter. Affinity Wealth Management now owns 107,575 shares of the auto manufacturer’s stock valued at $120,000 after purchasing an additional 96,735 shares during the period. 53.60% of the stock is currently owned by institutional investors.
Ford Motor (NYSE F) opened at $12.07 on Friday. Ford Motor has a 52-week low of $10.47 and a 52-week high of $13.48. The stock has a market cap of $47,950.00, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 0.72 and a beta of 1.26. 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 earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.10. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The firm had revenue of $33.65 billion for the quarter, compared to analyst estimates of $32.80 billion. During the same quarter in the prior year, the business posted $0.26 EPS. The business’s revenue was up .9% compared to the same quarter last year. sell-side analysts expect that Ford Motor will post 1.78 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders 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 4.97%. Ford Motor’s payout ratio is presently 54.55%.
F has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Tuesday, January 9th. Royal Bank of Canada reiterated a “hold” rating and issued a $14.00 price target on shares of Ford Motor in a research note on Wednesday, December 20th. Cascend Securities lowered shares of Ford Motor to a “buy” rating in a research note on Tuesday, December 5th. ValuEngine upgraded shares of Ford Motor from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Ford Motor in a research note on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $12.66.
In other Ford Motor news, insider Hau N. Thai-Tang sold 18,000 shares of the stock in a transaction that occurred 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 owns 14,358 shares in the company, valued at approximately $186,654. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Steven R. Armstrong sold 10,752 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $12.32, for a total transaction of $132,464.64. Following the transaction, the insider now owns 101,159 shares in the company, valued at approximately $1,246,278.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,752 shares of company stock worth $603,965. Company insiders own 1.08% of the company’s stock.
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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