AdvisorNet Financial Inc raised its holdings in shares of Ford Motor (NYSE:F) by 174.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,089 shares of the auto manufacturer’s stock after purchasing an additional 22,302 shares during the quarter. AdvisorNet Financial Inc’s holdings in Ford Motor were worth $389,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Winslow Evans & Crocker Inc. boosted its holdings in Ford Motor by 136.1% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 8,500 shares of the auto manufacturer’s stock worth $106,000 after acquiring an additional 4,900 shares during the last quarter. Pinnacle Financial Partners Inc. purchased a new position in Ford Motor during the 1st quarter worth $113,000. Certified Advisory Corp purchased a new position in Ford Motor during the 4th quarter worth $124,000. Cedar Capital LLC purchased a new position in Ford Motor during the 4th quarter worth $126,000. Finally, Personal Capital Advisors Corp purchased a new position in Ford Motor during the 4th quarter worth $128,000. Institutional investors and hedge funds own 56.25% of the company’s stock.
In other news, insider Ashwani Kumar Galhotra sold 31,415 shares of the company’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $10.34, for a total transaction of $324,831.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John C. Lechleiter purchased 5,000 shares of the firm’s stock in a transaction dated Friday, May 11th. The shares were bought at an average price of $11.17 per share, for a total transaction of $55,850.00. Following the completion of the transaction, the director now owns 34,400 shares of the company’s stock, valued at $384,248. The disclosure for this purchase can be found here. Insiders own 0.95% of the company’s stock.
A number of equities analysts recently weighed in on F shares. Vetr raised shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $13.14 price target on the stock in a report on Friday, January 26th. Morgan Stanley raised shares of Ford Motor from an “underweight” rating to an “overweight” rating and cut their price target for the stock from $10.78 to $10.00 in a report on Wednesday, March 14th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. BMO Capital Markets reissued a “hold” rating and issued a $11.00 price target on shares of Ford Motor in a report on Tuesday, March 6th. Finally, ValuEngine downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.78.
Shares of Ford Motor opened at $11.46 on Friday, Marketbeat Ratings reports. Ford Motor has a 52-week low of $11.20 and a 52-week high of $11.32. The stock has a market capitalization of $44.58 billion, a P/E ratio of 6.44, a PEG ratio of 0.67 and a beta of 1.04. The company has a current ratio of 1.23, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 25th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.02. Ford Motor had a return on equity of 21.31% and a net margin of 4.86%. The business had revenue of $41.96 billion for the quarter, compared to analysts’ expectations of $37.06 billion. During the same period in the previous year, the business posted $0.39 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. sell-side analysts forecast that Ford Motor will post 1.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, April 20th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend is Thursday, April 19th. Ford Motor’s dividend payout ratio is currently 33.71%.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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