Summit Trail Advisors LLC raised its stake in shares of Ford Motor (NYSE:F) by 371.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,231 shares of the auto manufacturer’s stock after buying an additional 114,424 shares during the quarter. Summit Trail Advisors LLC’s holdings in Ford Motor were worth $145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Certified Advisory Corp bought a new position in shares of Ford Motor during the 4th quarter valued at approximately $124,000. Pinnacle Financial Partners Inc. bought a new position in shares of Ford Motor during the 1st quarter valued at approximately $113,000. BRYN MAWR TRUST Co bought a new position in shares of Ford Motor during the 4th quarter valued at approximately $129,000. Lake Street Advisors Group LLC bought a new position in shares of Ford Motor during the 4th quarter valued at approximately $129,000. Finally, Clearbridge Investments LLC boosted its position in shares of Ford Motor by 91.3% during the 4th quarter. Clearbridge Investments LLC now owns 10,475 shares of the auto manufacturer’s stock valued at $129,000 after acquiring an additional 5,000 shares during the last quarter. 55.22% of the stock is owned by institutional investors and hedge funds.
F has been the subject of a number of analyst reports. Morgan Stanley upgraded Ford Motor from an “underweight” rating to an “overweight” rating and lowered their price target for the stock from $10.78 to $10.00 in a research report on Wednesday, March 14th. They noted that the move was a valuation call. BMO Capital Markets restated a “hold” rating and issued a $11.00 price target on shares of Ford Motor in a research report on Tuesday, March 6th. JPMorgan Chase & Co. raised their price target on Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, April 26th. ValuEngine downgraded Ford Motor from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Finally, Jefferies Financial Group upgraded Ford Motor from a “hold” rating to a “buy” rating and raised their price target for the stock from $10.14 to $13.00 in a research report on Tuesday, May 29th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. Ford Motor presently has an average rating of “Hold” and a consensus target price of $12.79.
NYSE:F opened at $11.28 on Friday. Ford Motor has a twelve month low of $10.14 and a twelve month high of $13.48. The firm has a market cap of $45.38 billion, a PE ratio of 6.34, a price-to-earnings-growth ratio of 0.86 and a beta of 1.01. 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 (NYSE:F) last released its earnings results on Wednesday, April 25th. The auto manufacturer reported $0.43 earnings per share for the quarter, topping the 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 business had revenue of $41.96 billion during the quarter, compared to the consensus estimate of $37.06 billion. During the same period last year, the company earned $0.39 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. sell-side analysts anticipate that Ford Motor will post 1.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Friday, April 20th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, April 19th. This represents a $0.60 annualized dividend and a dividend yield of 5.32%. Ford Motor’s dividend payout ratio is currently 33.71%.
In other news, Director John C. Lechleiter purchased 5,000 shares of the business’s stock in a transaction dated Friday, May 11th. The shares were purchased at an average price of $11.17 per share, for a total transaction of $55,850.00. Following the completion of the purchase, the director now owns 34,400 shares in the company, valued at approximately $384,248. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.95% of the company’s stock.
About Ford Motor
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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