Ford Motor (NYSE:F) Shares Acquired by CX Institutional

CX Institutional grew its stake in Ford Motor (NYSE:F) by 78.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,232 shares of the auto manufacturer’s stock after buying an additional 20,789 shares during the quarter. CX Institutional’s holdings in Ford Motor were worth $474,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of F. Bank of Jackson Hole Trust purchased a new position in shares of Ford Motor in the 4th quarter valued at about $29,000. Flagship Wealth Advisors LLC purchased a new position in shares of Ford Motor in the 4th quarter valued at about $30,000. Spurstone Advisory Services LLC purchased a new position in shares of Ford Motor in the 4th quarter valued at about $31,000. Wood Tarver Financial Group LLC purchased a new position in shares of Ford Motor in the 4th quarter valued at about $31,000. Finally, BankPlus Trust Department purchased a new position in shares of Ford Motor in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analysts Set New Price Targets

F has been the subject of several recent analyst reports. Barclays lifted their price target on Ford Motor from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. TD Cowen assumed coverage on Ford Motor in a research note on Friday, March 7th. They issued a “hold” rating and a $10.00 price target for the company. Sanford C. Bernstein lowered Ford Motor from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $9.40 to $7.00 in a research note on Wednesday, April 9th. Wall Street Zen upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. boosted their price objective on Ford Motor from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and a consensus target price of $10.03.

Ford Motor Trading Down 0.9%

Shares of Ford Motor stock opened at $10.44 on Friday. The stock has a market cap of $41.50 billion, a P/E ratio of 7.15, a P/E/G ratio of 0.61 and a beta of 1.50. The stock’s 50 day simple moving average is $10.12 and its 200-day simple moving average is $9.98. Ford Motor has a 1-year low of $8.44 and a 1-year high of $14.85. 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 (NYSE:F) last issued its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.16. The business had revenue of $40.66 billion for the quarter, compared to analysts’ expectations of $35.99 billion. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS. Analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.75%. The ex-dividend date of this dividend was Monday, May 12th. Ford Motor’s dividend payout ratio is currently 48.00%.

About Ford Motor

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.