Quad Cities Investment Group LLC bought a new stake in Ford Motor (NYSE:F) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 19,776 shares of the auto manufacturer’s stock, valued at approximately $220,000.
A number of other institutional investors have also recently bought and sold shares of F. BlackRock Inc. raised its position in shares of Ford Motor by 13.2% during the first quarter. BlackRock Inc. now owns 262,412,220 shares of the auto manufacturer’s stock worth $2,907,527,000 after acquiring an additional 30,645,741 shares during the last quarter. Newport Trust Co raised its position in shares of Ford Motor by 0.6% during the first quarter. Newport Trust Co now owns 188,248,101 shares of the auto manufacturer’s stock worth $2,085,789,000 after acquiring an additional 1,173,078 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Ford Motor by 2.5% during the first quarter. Franklin Resources Inc. now owns 51,992,097 shares of the auto manufacturer’s stock worth $576,073,000 after acquiring an additional 1,246,237 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Ford Motor by 73.3% during the first quarter. Pzena Investment Management LLC now owns 44,818,988 shares of the auto manufacturer’s stock worth $496,594,000 after acquiring an additional 18,962,611 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of 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 last quarter. Hedge funds and other institutional investors own 55.26% of the company’s stock.
In related news, Director John C. Lechleiter bought 5,000 shares of the company’s stock in a transaction dated Friday, May 11th. The shares were bought at an average price of $11.17 per share, for a total transaction of $55,850.00. Following the completion of the acquisition, the director now directly owns 34,400 shares of the company’s stock, valued at $384,248. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.95% of the stock is owned by company insiders.
Shares of Ford Motor opened at $11.71 on Friday, Marketbeat reports. The company has a quick ratio of 1.11, a current ratio of 1.23 and a debt-to-equity ratio of 2.89. Ford Motor has a 52 week low of $10.14 and a 52 week high of $13.48. The company has a market capitalization of $47.16 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 0.90 and a beta of 1.01.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 25th. The auto manufacturer reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.02. Ford Motor had a return on equity of 21.31% and a net margin of 4.86%. The firm had revenue of $41.96 billion during the quarter, compared to analysts’ expectations of $37.06 billion. During the same quarter last year, the firm posted $0.39 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. research analysts predict that Ford Motor will post 1.54 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Friday, April 20th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, April 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.12%. Ford Motor’s dividend payout ratio is presently 33.71%.
F has been the subject of several recent analyst reports. ValuEngine raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Thursday, May 24th. Morgan Stanley set a $16.00 target price on Ford Motor and gave the stock a “buy” rating in a research note on Thursday, May 24th. Jefferies Financial Group raised Ford Motor from a “hold” rating to a “buy” rating and raised their target price for the stock from $10.14 to $13.00 in a research note on Tuesday, May 29th. Piper Jaffray Companies cut Ford Motor from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $13.48 to $12.00 in a research note on Tuesday, May 15th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. raised their target price on Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Thursday, April 26th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $12.79.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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