Keystone Financial Group Buys 3,355 Shares of Ford Motor (F)

Keystone Financial Group boosted its stake in shares of Ford Motor (NYSE:F) by 9.5% in the 1st quarter, HoldingsChannel reports. The fund owned 38,630 shares of the auto manufacturer’s stock after buying an additional 3,355 shares during the period. Keystone Financial Group’s holdings in Ford Motor were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in F. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Ford Motor by 7.1% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 266,300 shares of the auto manufacturer’s stock valued at $2,338,000 after buying an additional 17,652 shares in the last quarter. Krane Funds Advisors LLC increased its position in shares of Ford Motor by 26.1% during the first quarter. Krane Funds Advisors LLC now owns 149,146 shares of the auto manufacturer’s stock worth $1,310,000 after purchasing an additional 30,853 shares in the last quarter. USAdvisors Wealth Management LLC increased its position in shares of Ford Motor by 33.4% during the first quarter. USAdvisors Wealth Management LLC now owns 26,364 shares of the auto manufacturer’s stock worth $231,000 after purchasing an additional 6,600 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Ford Motor by 3.1% during the first quarter. CIBC Asset Management Inc now owns 360,113 shares of the auto manufacturer’s stock worth $3,162,000 after purchasing an additional 10,819 shares in the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Ford Motor by 11.2% during the first quarter. Toronto Dominion Bank now owns 3,778,670 shares of the auto manufacturer’s stock worth $33,169,000 after purchasing an additional 379,726 shares in the last quarter. Institutional investors own 52.77% of the company’s stock.

In related news, Director John C. Lechleiter acquired 10,000 shares of the stock in a transaction on Friday, May 10th. The shares were bought at an average price of $10.32 per share, with a total value of $103,200.00. Following the completion of the purchase, the director now owns 55,000 shares of the company’s stock, valued at approximately $567,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Catherine A. O’callaghan sold 53,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $10.33, for a total value of $547,490.00. Following the transaction, the vice president now directly owns 48,275 shares in the company, valued at approximately $498,680.75. The disclosure for this sale can be found here. Insiders own 0.83% of the company’s stock.

Several brokerages recently commented on F. Bank of America upgraded Ford Motor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $14.00 in a research report on Friday, May 10th. ValuEngine upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. BMO Capital Markets boosted their price target on Ford Motor from $8.50 to $10.00 and gave the stock a “market perform” rating in a research report on Monday, May 6th. Zacks Investment Research upgraded 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. Finally, Jefferies Financial Group upgraded Ford Motor to a “buy” rating and boosted their price target for the stock from $11.00 to $12.50 in a research report on Tuesday, April 30th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $10.48.

NYSE F opened at $10.40 on Friday. The firm has a market cap of $41.16 billion, a price-to-earnings ratio of 8.00, a P/E/G ratio of 1.03 and a beta of 1.12. The company has a current ratio of 1.22, a quick ratio of 1.10 and a debt-to-equity ratio of 2.82. Ford Motor has a fifty-two week low of $7.41 and a fifty-two week high of $12.15.

Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, April 25th. The auto manufacturer reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.18. The company had revenue of $40.34 billion for the quarter, compared to analyst estimates of $37.37 billion. Ford Motor had a return on equity of 14.41% and a net margin of 1.94%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. Equities analysts anticipate that Ford Motor will post 1.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend is Tuesday, April 23rd. Ford Motor’s dividend payout ratio (DPR) is currently 46.15%.

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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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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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