Independent Advisor Alliance grew its stake in Ford Motor (NYSE:F) by 36.3% during the first quarter, HoldingsChannel.com reports. The fund owned 66,609 shares of the auto manufacturer’s stock after acquiring an additional 17,740 shares during the quarter. Independent Advisor Alliance’s holdings in Ford Motor were worth $585,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in F. Motco lifted its position in Ford Motor by 1,162.6% during the 1st quarter. Motco now owns 2,904 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 2,674 shares during the period. JNBA Financial Advisors lifted its position in Ford Motor by 100.0% during the 1st quarter. JNBA Financial Advisors now owns 3,000 shares of the auto manufacturer’s stock worth $26,000 after acquiring an additional 1,500 shares during the period. Stone House Investment Management LLC acquired a new stake in Ford Motor during the 1st quarter worth about $27,000. Howe & Rusling Inc. lifted its position in Ford Motor by 173.0% during the 4th quarter. Howe & Rusling Inc. now owns 3,631 shares of the auto manufacturer’s stock worth $28,000 after acquiring an additional 2,301 shares during the period. Finally, Lavaca Capital LLC acquired a new stake in Ford Motor during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 52.77% of the company’s stock.
Shares of F stock opened at $10.30 on Friday. The stock has a market capitalization of $41.16 billion, a PE ratio of 7.92, a P/E/G ratio of 1.03 and a beta of 1.12. The company has a quick ratio of 1.10, a current ratio of 1.22 and a debt-to-equity ratio of 2.82. Ford Motor has a 52-week low of $7.41 and a 52-week high of $12.15.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, April 25th. The auto manufacturer reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.18. The business had revenue of $40.34 billion during the quarter, compared to analysts’ expectations of $37.37 billion. Ford Motor had a return on equity of 14.41% and a net margin of 1.94%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. As a group, equities research analysts expect that Ford Motor will post 1.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, April 24th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.60 annualized dividend and a dividend yield of 5.83%. Ford Motor’s dividend payout ratio (DPR) is presently 46.15%.
In related news, VP Catherine A. O’callaghan sold 53,000 shares of Ford Motor stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $10.33, for a total value of $547,490.00. Following the completion of the transaction, the vice president now owns 48,275 shares in the company, valued at approximately $498,680.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John C. Lechleiter purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average price of $10.32 per share, with a total value of $103,200.00. Following the purchase, the director now owns 55,000 shares in the company, valued at $567,600. The disclosure for this purchase can be found here. 0.83% of the stock is owned by insiders.
A number of brokerages have commented on F. Jefferies Financial Group raised Ford Motor to a “buy” rating and lifted their price target for the stock from $11.00 to $12.50 in a research report on Tuesday, April 30th. Zacks Investment Research raised Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a research report on Tuesday, April 30th. ValuEngine raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Citigroup reaffirmed a “reduce” rating on shares of Ford Motor in a research report on Wednesday, April 10th. Finally, Nomura cut Ford Motor from a “neutral” rating to a “reduce” rating and lowered their price target for the stock from $8.20 to $7.50 in a research report on Friday, April 5th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Ford Motor presently has an average rating of “Hold” and a consensus target price of $10.48.
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Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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