Nicholas Hoffman & Company LLC. bought a new stake in Ford Motor (NYSE:F) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,552 shares of the auto manufacturer’s stock, valued at approximately $51,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. Royal Fund Management LLC acquired a new position in shares of Ford Motor in the 1st quarter valued at about $171,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Ford Motor by 13.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 206,585 shares of the auto manufacturer’s stock valued at $998,000 after purchasing an additional 24,359 shares during the period. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Ford Motor by 34.4% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 203,273 shares of the auto manufacturer’s stock valued at $982,000 after purchasing an additional 52,008 shares during the period. Quadrant Private Wealth Management LLC acquired a new position in Ford Motor in the first quarter worth approximately $302,000. Finally, Commerce Bank increased its holdings in Ford Motor by 9.8% in the first quarter. Commerce Bank now owns 81,685 shares of the auto manufacturer’s stock worth $395,000 after buying an additional 7,313 shares during the last quarter. Institutional investors own 51.41% of the company’s stock.
A number of research firms recently commented on F. Credit Suisse Group downgraded Ford Motor from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $11.00 to $9.00 in a report on Friday, February 7th. UBS Group downgraded Ford Motor from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $13.00 to $4.30 in a report on Tuesday, March 24th. Wolfe Research downgraded Ford Motor from an “outperform” rating to a “peer perform” rating in a report on Friday, April 3rd. Bank of America dropped their price objective on Ford Motor from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Finally, TheStreet downgraded Ford Motor from a “c-” rating to a “d” rating in a report on Tuesday, April 28th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.49.
In other news, COO James D. Farley, Jr. bought 194,950 shares of Ford Motor stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average cost of $5.13 per share, with a total value of $1,000,093.50. Following the completion of the transaction, the chief operating officer now directly owns 828,922 shares in the company, valued at $4,252,369.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Lechleiter bought 10,000 shares of Ford Motor stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average cost of $5.10 per share, with a total value of $51,000.00. Following the completion of the transaction, the director now owns 110,000 shares of the company’s stock, valued at $561,000. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 214,950 shares of company stock valued at $1,104,694. 0.91% of the stock is owned by company insiders.
Shares of F traded up $0.02 during mid-day trading on Friday, hitting $5.65. The company’s stock had a trading volume of 76,599,884 shares, compared to its average volume of 91,698,552. Ford Motor has a one year low of $3.96 and a one year high of $10.56. The company has a debt-to-equity ratio of 3.85, a quick ratio of 1.20 and a current ratio of 1.32. The firm has a market capitalization of $22.39 billion, a PE ratio of 10.24 and a beta of 1.27. The stock’s 50-day moving average is $4.98 and its two-hundred day moving average is $7.39.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.13). Ford Motor had a negative net margin of 2.06% and a positive return on equity of 6.54%. The business had revenue of $34.32 billion during the quarter, compared to the consensus estimate of $31.73 billion. During the same period in the prior year, the company posted ($0.07) earnings per share. The firm’s revenue was down 14.9% compared to the same quarter last year. Analysts expect that Ford Motor will post -1.44 EPS for the current fiscal year.
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.
Further Reading: Why do companies pay special dividends?
Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor (NYSE:F).
Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.