Stumpf Capital Management LLC lifted its position in Ford Motor (NYSE:F) by 26,565.7% during the 1st quarter, HoldingsChannel reports. The fund owned 46,665 shares of the auto manufacturer’s stock after buying an additional 46,490 shares during the quarter. Ford Motor makes up about 0.5% of Stumpf Capital Management LLC’s holdings, making the stock its 9th largest holding. Stumpf Capital Management LLC’s holdings in Ford Motor were worth $517,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its position in Ford Motor by 1.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 529,540 shares of the auto manufacturer’s stock worth $6,615,000 after acquiring an additional 7,253 shares in the last quarter. Virtue Capital Management LLC bought a new stake in Ford Motor in the fourth quarter worth approximately $780,000. Flinton Capital Management LLC grew its position in Ford Motor by 53.0% in the fourth quarter. Flinton Capital Management LLC now owns 234,128 shares of the auto manufacturer’s stock worth $2,924,000 after acquiring an additional 81,152 shares in the last quarter. Penbrook Management LLC bought a new stake in Ford Motor in the fourth quarter worth approximately $160,000. Finally, Newport Wealth Strategies Inc. bought a new stake in Ford Motor in the fourth quarter worth approximately $159,000. 55.33% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on F. Jefferies Group upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $10.14 to $13.00 in a research note on Tuesday, May 29th. ValuEngine upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Thursday, May 24th. Morgan Stanley set a $16.00 target price on shares of Ford Motor and gave the company a “buy” rating in a research note on Thursday, May 24th. Piper Jaffray Companies cut shares of Ford Motor from an “overweight” rating to a “neutral” rating and cut their target price for the company from $13.48 to $12.00 in a research note on Tuesday, May 15th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. upped their target price on shares of Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, April 26th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the stock. Ford Motor currently has an average rating of “Hold” and an average price target of $12.78.
Shares of NYSE:F opened at $11.97 on Thursday. Ford Motor has a 12 month low of $10.14 and a 12 month high of $13.48. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.23. The stock has a market cap of $47.00 billion, a price-to-earnings ratio of 6.72, a P/E/G ratio of 0.89 and a beta of 1.01.
Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 25th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Ford Motor had a net margin of 4.86% and a return on equity of 21.31%. The company had revenue of $41.96 billion for the quarter, compared to the consensus estimate of $37.06 billion. During the same period in the prior year, the company posted $0.39 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. analysts expect that Ford Motor will post 1.56 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, April 20th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, April 19th. This represents a $0.60 dividend on an annualized basis and a yield of 5.01%. Ford Motor’s payout ratio is presently 33.71%.
In other news, Director John C. Lechleiter purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The shares were acquired at an average cost of $11.17 per share, for a total transaction of $55,850.00. Following the transaction, the director now directly owns 34,400 shares of the company’s stock, valued at approximately $384,248. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.95% of the company’s stock.
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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