Handelsbanken Fonder AB Has $12.85 Million Stock Holdings in Ford Motor (NYSE:F)

Handelsbanken Fonder AB increased its holdings in Ford Motor (NYSE:F) by 17.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,053,922 shares of the auto manufacturer’s stock after purchasing an additional 158,970 shares during the period. Handelsbanken Fonder AB’s holdings in Ford Motor were worth $12,847,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC grew its stake in Ford Motor by 15.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock worth $4,171,000 after buying an additional 44,581 shares during the last quarter. Pearl River Capital LLC grew its stake in Ford Motor by 174.2% during the third quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock worth $4,125,000 after buying an additional 211,037 shares during the last quarter. TIAA Trust National Association bought a new stake in Ford Motor during the third quarter worth about $1,104,000. Mackenzie Financial Corp grew its stake in Ford Motor by 110.5% during the third quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock worth $8,460,000 after buying an additional 367,977 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its stake in Ford Motor by 616.0% during the third quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock worth $3,738,000 after buying an additional 258,920 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Insider Buying and Selling

In related news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by company insiders.

Ford Motor Trading Up 0.5 %

F opened at $12.95 on Wednesday. The firm’s fifty day moving average is $12.59 and its two-hundred day moving average is $11.77. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20. The firm has a market cap of $51.44 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.02 and a beta of 1.63. Ford Motor has a twelve month low of $9.63 and a twelve month high of $15.42.

Ford Motor (NYSE:F) last posted its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.17. The company had revenue of $43.21 billion for the quarter, compared to analyst estimates of $43.06 billion. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. Equities research analysts anticipate that Ford Motor will post 1.9 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a Variable dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 4.7%. Ford Motor’s payout ratio is 55.56%.

Analyst Upgrades and Downgrades

F has been the topic of several research analyst reports. Redburn Atlantic initiated coverage on shares of Ford Motor in a research note on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $12.00 price target on shares of Ford Motor in a research note on Wednesday, February 7th. Morgan Stanley increased their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Barclays increased their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Piper Sandler began coverage on shares of Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.82.

Ford Motor Company Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company 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.