TIAA FSB lifted its position in shares of Ford Motor (NYSE:F) by 11.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 37,310 shares of the auto manufacturer’s stock after acquiring an additional 3,744 shares during the period. TIAA FSB’s holdings in Ford Motor were worth $328,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in F. Tower Research Capital LLC TRC grew its holdings in shares of Ford Motor by 77.3% during the third quarter. Tower Research Capital LLC TRC now owns 21,321 shares of the auto manufacturer’s stock worth $197,000 after buying an additional 9,295 shares in the last quarter. Vident Investment Advisory LLC grew its holdings in Ford Motor by 13.1% in the third quarter. Vident Investment Advisory LLC now owns 99,213 shares of the auto manufacturer’s stock valued at $918,000 after purchasing an additional 11,463 shares during the period. Man Group plc grew its holdings in Ford Motor by 855.0% in the third quarter. Man Group plc now owns 203,332 shares of the auto manufacturer’s stock valued at $1,881,000 after purchasing an additional 182,040 shares during the period. Macquarie Group Ltd. grew its holdings in Ford Motor by 9.5% in the third quarter. Macquarie Group Ltd. now owns 1,156,933 shares of the auto manufacturer’s stock valued at $10,701,000 after purchasing an additional 100,800 shares during the period. Finally, Koshinski Asset Management Inc. purchased a new stake in Ford Motor in the third quarter valued at approximately $533,000. Institutional investors and hedge funds own 53.16% of the company’s stock.
F has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their target price on shares of Ford Motor from $8.50 to $10.00 and gave the company a “market perform” rating in a report on Monday, May 6th. Citigroup reaffirmed a “reduce” rating on shares of Ford Motor in a research report on Wednesday, April 10th. ValuEngine raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, April 30th. Finally, Nomura cut shares of Ford Motor from a “neutral” rating to a “reduce” rating and reduced their price target for the company from $8.20 to $7.50 in a research report on Friday, April 5th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $10.57.
Ford Motor (NYSE:F) last posted its earnings results on Thursday, April 25th. The auto manufacturer reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.18. Ford Motor had a net margin of 1.94% and a return on equity of 14.41%. The business had revenue of $40.34 billion for the quarter, compared to analysts’ expectations of $37.37 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, research analysts expect that Ford Motor will post 1.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.78%. Ford Motor’s payout ratio is currently 46.15%.
In other news, VP Catherine A. O’callaghan sold 53,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $10.33, for a total transaction of $547,490.00. Following the transaction, the vice president now directly owns 48,275 shares of the company’s stock, valued at $498,680.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.83% of the company’s stock.
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Ford Motor Company 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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