North Star Investment Management Corp. raised its position in shares of Ford Motor Company (NYSE:F) by 12.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 173,318 shares of the auto manufacturer’s stock after buying an additional 18,820 shares during the period. North Star Investment Management Corp.’s holdings in Ford Motor Company were worth $2,017,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Ford Motor Company during the fourth quarter worth about $277,396,000. Franklin Resources Inc. increased its position in shares of Ford Motor Company by 26.7% in the fourth quarter. Franklin Resources Inc. now owns 80,132,269 shares of the auto manufacturer’s stock worth $972,004,000 after buying an additional 16,902,036 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Ford Motor Company by 1,792.7% in the fourth quarter. Renaissance Technologies LLC now owns 12,192,909 shares of the auto manufacturer’s stock worth $147,900,000 after buying an additional 11,548,700 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Ford Motor Company by 2,485.5% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,758,818 shares of the auto manufacturer’s stock worth $81,579,000 after buying an additional 6,497,402 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of Ford Motor Company by 1,726.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 6,302,034 shares of the auto manufacturer’s stock worth $76,490,000 after buying an additional 5,956,946 shares in the last quarter. 54.19% of the stock is currently owned by institutional investors.
Ford Motor Company (NYSE:F) opened at 10.87 on Friday. Ford Motor Company has a 12-month low of $10.67 and a 12-month high of $14.04. The company has a market capitalization of $43.28 billion, a price-to-earnings ratio of 11.58 and a beta of 1.02. The stock has a 50 day moving average price of $11.20 and a 200 day moving average price of $12.05.
Ford Motor Company (NYSE:F) last announced its quarterly earnings data on Thursday, April 27th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. Ford Motor Company had a net margin of 3.08% and a return on equity of 23.23%. The company had revenue of $36.48 billion during the quarter, compared to analyst estimates of $34.62 billion. During the same period in the previous year, the business earned $0.68 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts expect that Ford Motor Company will post $1.55 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, April 20th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, April 18th. This represents a $0.60 dividend on an annualized basis and a yield of 5.56%. Ford Motor Company’s payout ratio is currently 52.63%.
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A number of research analysts recently weighed in on the company. Nomura reaffirmed a “buy” rating and set a $14.80 price target on shares of Ford Motor Company in a research note on Tuesday, May 2nd. Barclays PLC raised Ford Motor Company from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $13.00 to $15.00 in a research note on Friday, February 3rd. Zacks Investment Research downgraded Ford Motor Company from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 29th. Vetr raised Ford Motor Company from a “buy” rating to a “strong-buy” rating and set a $14.09 price target on the stock in a research note on Monday, January 23rd. Finally, Morgan Stanley dropped their price target on Ford Motor Company from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 7th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.64.
In related news, insider Ziad S. Ojakli sold 50,309 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $12.63, for a total value of $635,402.67. Following the completion of the transaction, the insider now directly owns 292,815 shares in the company, valued at approximately $3,698,253.45. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman William Clay Ford, Jr. acquired 171,379 shares of the firm’s stock in a transaction that occurred on Friday, March 24th. The stock was purchased at an average price of $11.67 per share, with a total value of $1,999,992.93. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.
Ford Motor Company Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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