LPL Financial LLC increased its holdings in shares of Ford Motor (NYSE:F) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,583,549 shares of the auto manufacturer’s stock after acquiring an additional 126,662 shares during the quarter. LPL Financial LLC’s holdings in Ford Motor were worth $19,779,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in Ford Motor by 11.7% during the fourth quarter. Geode Capital Management LLC now owns 43,141,934 shares of the auto manufacturer’s stock worth $537,773,000 after acquiring an additional 4,529,998 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Ford Motor by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 39,609,473 shares of the auto manufacturer’s stock worth $474,123,000 after acquiring an additional 410,123 shares during the period. Bank of New York Mellon Corp lifted its holdings in Ford Motor by 7.2% during the fourth quarter. Bank of New York Mellon Corp now owns 38,411,102 shares of the auto manufacturer’s stock worth $479,755,000 after acquiring an additional 2,594,016 shares during the period. Pzena Investment Management LLC lifted its holdings in Ford Motor by 1.8% during the fourth quarter. Pzena Investment Management LLC now owns 25,856,377 shares of the auto manufacturer’s stock worth $322,946,000 after acquiring an additional 446,561 shares during the period. Finally, LSV Asset Management lifted its holdings in Ford Motor by 1.6% during the fourth quarter. LSV Asset Management now owns 23,496,850 shares of the auto manufacturer’s stock worth $293,475,000 after acquiring an additional 364,500 shares during the period. Institutional investors and hedge funds own 61.59% of the company’s stock.
In other Ford Motor news, Director John C. Lechleiter bought 5,000 shares of Ford Motor stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average cost of $10.28 per share, for a total transaction of $51,400.00. Following the completion of the transaction, the director now directly owns 30,000 shares in the company, valued at $308,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman William Clay Ford, Jr. sold 454,260 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $10.32, for a total value of $4,687,963.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 503,675 shares of company stock worth $5,246,794. 1.08% of the stock is currently owned by corporate insiders.
Shares of Ford Motor (NYSE:F) opened at $11.15 on Friday. The company has a debt-to-equity ratio of 2.94, a quick ratio of 1.12 and a current ratio of 1.23. Ford Motor has a one year low of $10.14 and a one year high of $13.48. The stock has a market capitalization of $44,302.86, a price-to-earnings ratio of 5.87, a P/E/G ratio of 0.68 and a beta of 1.12.
Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, January 24th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Ford Motor had a net margin of 4.85% and a return on equity of 21.71%. The company had revenue of $38.50 billion for the quarter, compared to the consensus estimate of $36.96 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. research analysts anticipate that Ford Motor will post 1.55 earnings per share 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 paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, January 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.38%. Ford Motor’s payout ratio is 31.58%.
Several brokerages have issued reports on F. BMO Capital Markets restated a “hold” rating and issued a $11.00 target price on shares of Ford Motor in a research note on Tuesday, March 6th. Susquehanna Bancshares set a $12.00 target price on Ford Motor and gave the company a “hold” rating in a research note on Wednesday. Nomura lowered their target price on Ford Motor to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.00 target price on the stock. in a research note on Monday, January 29th. Finally, ValuEngine lowered Ford Motor from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the stock. Ford Motor currently has a consensus rating of “Hold” and an average target price of $12.42.
Ford Motor 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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