Ensign Peak Advisors Inc Purchases 60,882 Shares of Ford Motor (NYSE:F)

Ensign Peak Advisors Inc increased its position in shares of Ford Motor (NYSE:F) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 413,429 shares of the auto manufacturer’s stock after purchasing an additional 60,882 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Ford Motor were worth $4,093,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of F. Hager Investment Management Services LLC bought a new stake in Ford Motor during the fourth quarter worth about $26,000. Bank of Jackson Hole Trust bought a new stake in Ford Motor during the fourth quarter worth about $29,000. Flagship Wealth Advisors LLC bought a new stake in Ford Motor during the fourth quarter worth about $30,000. Kentucky Trust Co bought a new stake in Ford Motor during the fourth quarter worth about $31,000. Finally, Crewe Advisors LLC lifted its position in Ford Motor by 169.9% during the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 2,068 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 0.6%

NYSE:F opened at $10.66 on Thursday. The firm’s 50 day simple moving average is $9.87 and its 200 day simple moving average is $10.05. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. Ford Motor has a one year low of $8.44 and a one year high of $14.85. The company has a market cap of $42.25 billion, a PE ratio of 7.30, a P/E/G ratio of 0.61 and a beta of 1.53.

Ford Motor (NYSE:F) last released its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.16. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The firm had revenue of $40.66 billion during the quarter, compared to analyst estimates of $35.99 billion. During the same quarter last year, the business earned $0.49 EPS. The company’s revenue was down 6.2% compared to the same quarter last year. On average, research analysts anticipate that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 5.63%. Ford Motor’s payout ratio is 48.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on F shares. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Wednesday. Piper Sandler dropped their target price on shares of Ford Motor from $9.00 to $8.50 and set a “neutral” rating for the company in a report on Tuesday, May 6th. Evercore ISI dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a report on Monday, February 10th. Barclays increased their target price on shares of Ford Motor from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Finally, The Goldman Sachs Group increased their target price on shares of Ford Motor from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average price target of $10.00.

Ford Motor Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company 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.