Certified Advisory Corp boosted its position in shares of Ford Motor (NYSE:F) by 6.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,822 shares of the auto manufacturer’s stock after purchasing an additional 3,161 shares during the period. Certified Advisory Corp’s holdings in Ford Motor were worth $490,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of F. First Hawaiian Bank lifted its stake in Ford Motor by 66.9% during the fourth quarter. First Hawaiian Bank now owns 14,347 shares of the auto manufacturer’s stock worth $110,000 after purchasing an additional 5,751 shares in the last quarter. Ipswich Investment Management Co. Inc. acquired a new position in Ford Motor during the fourth quarter worth $37,000. Virtu Financial LLC lifted its stake in Ford Motor by 529.3% during the fourth quarter. Virtu Financial LLC now owns 251,828 shares of the auto manufacturer’s stock worth $1,926,000 after purchasing an additional 211,812 shares in the last quarter. Personal Capital Advisors Corp acquired a new position in Ford Motor during the fourth quarter worth $92,000. Finally, Meeder Asset Management Inc. lifted its stake in Ford Motor by 174.4% during the fourth quarter. Meeder Asset Management Inc. now owns 262,776 shares of the auto manufacturer’s stock worth $2,009,000 after purchasing an additional 167,007 shares in the last quarter. Hedge funds and other institutional investors own 52.77% of the company’s stock.
A number of research firms have commented on F. Bank of America upgraded Ford Motor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $13.00 to $14.00 in a research note on Friday, May 10th. ValuEngine upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. BMO Capital Markets upped their price target on Ford Motor from $8.50 to $10.00 and gave the stock a “market perform” rating in a research note 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 objective on the stock in a research note on Tuesday, April 30th. Finally, Jefferies Financial Group upgraded Ford Motor to a “buy” rating and increased their price objective for the company from $11.00 to $12.50 in a research note on Tuesday, April 30th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Ford Motor currently has an average rating of “Hold” and a consensus price target of $10.48.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Thursday, April 25th. The auto manufacturer reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.18. The business had revenue of $40.34 billion for the quarter, compared to analysts’ expectations of $37.37 billion. Ford Motor had a return on equity of 14.41% and a net margin of 1.94%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the firm earned $0.43 earnings per share. As a group, analysts anticipate that Ford Motor will post 1.38 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, April 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.83%. The ex-dividend date is Tuesday, April 23rd. Ford Motor’s dividend payout ratio (DPR) is presently 46.15%.
In related news, VP Catherine A. O’callaghan sold 53,000 shares of the 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 owns 48,275 shares of the company’s stock, valued at $498,680.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Lechleiter bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average cost of $10.32 per share, for a total transaction of $103,200.00. Following the acquisition, the director now directly owns 55,000 shares of the company’s stock, valued at $567,600. The disclosure for this purchase can be found here. Corporate insiders own 0.83% of the company’s stock.
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About Ford Motor
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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