Quinn Opportunity Partners LLC purchased a new position in shares of Ford Motor (NYSE:F) in the 1st quarter, HoldingsChannel reports. The fund purchased 15,000 shares of the auto manufacturer’s stock, valued at approximately $132,000.
A number of other large investors have also recently made changes to their positions in F. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Ford Motor by 25.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,146,997 shares of the auto manufacturer’s stock valued at $10,071,000 after buying an additional 232,639 shares in the last quarter. Columbia Asset Management grew its stake in shares of Ford Motor by 25.3% in the fourth quarter. Columbia Asset Management now owns 83,306 shares of the auto manufacturer’s stock valued at $637,000 after buying an additional 16,802 shares in the last quarter. Norges Bank acquired a new stake in shares of Ford Motor in the fourth quarter valued at about $161,692,000. Virtu Financial LLC grew its stake in shares of Ford Motor by 529.3% in the fourth quarter. Virtu Financial LLC now owns 251,828 shares of the auto manufacturer’s stock valued at $1,926,000 after buying an additional 211,812 shares in the last quarter. Finally, Frontier Investment Mgmt Co. grew its stake in shares of Ford Motor by 4.7% in the fourth quarter. Frontier Investment Mgmt Co. now owns 55,802 shares of the auto manufacturer’s stock valued at $427,000 after buying an additional 2,504 shares in the last quarter. Institutional investors own 52.77% of the company’s stock.
Shares of NYSE F opened at $10.40 on Friday. Ford Motor has a fifty-two week low of $7.41 and a fifty-two week high of $12.15. The company has a quick ratio of 1.10, a current ratio of 1.22 and a debt-to-equity ratio of 2.82. The company has a market cap of $41.16 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.12.
The firm 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. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 5.77%. Ford Motor’s dividend payout ratio (DPR) is presently 46.15%.
In other Ford Motor news, VP Catherine A. O’callaghan sold 53,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $10.33, for a total transaction of $547,490.00. Following the transaction, the vice president now owns 48,275 shares of the company’s stock, valued at approximately $498,680.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John C. Lechleiter bought 10,000 shares of Ford Motor stock in a transaction on Friday, May 10th. The shares were purchased at an average cost of $10.32 per share, for a total transaction of $103,200.00. Following the acquisition, the director now owns 55,000 shares in the company, valued at $567,600. The disclosure for this purchase can be found here. 0.83% of the stock is owned by company insiders.
A number of research firms have recently issued reports on F. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research note on Tuesday, April 30th. ValuEngine upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Citigroup reiterated a “reduce” rating on shares of Ford Motor in a research note on Wednesday, April 10th. Seaport Global Securities began coverage on Ford Motor in a research note on Wednesday, February 13th. They issued a “neutral” rating and a $8.46 target price for the company. They noted that the move was a valuation call. Finally, BMO Capital Markets increased their target price on Ford Motor from $8.50 to $10.00 and gave the company a “market perform” rating in a research note on Monday, May 6th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $10.48.
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Ford Motor 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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