85,235 Shares in Ford Motor Company $F Bought by Independent Financial Group LLC

Independent Financial Group LLC acquired a new position in Ford Motor Company (NYSE:F) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 85,235 shares of the auto manufacturer’s stock, valued at approximately $984,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Ford Motor during the fourth quarter worth approximately $674,437,000. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of Ford Motor in the fourth quarter valued at $1,769,000. TD Asset Management Inc lifted its position in shares of Ford Motor by 11.0% during the 4th quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock valued at $25,036,000 after acquiring an additional 189,310 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Ford Motor by 2.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,345,131 shares of the auto manufacturer’s stock valued at $57,008,000 after acquiring an additional 103,423 shares during the last quarter. Finally, World Investment Advisors boosted its stake in shares of Ford Motor by 222.5% during the 4th quarter. World Investment Advisors now owns 125,292 shares of the auto manufacturer’s stock worth $1,644,000 after acquiring an additional 86,445 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of NYSE:F opened at $14.03 on Tuesday. The company’s fifty day moving average is $14.34 and its two-hundred day moving average is $13.41. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. Ford Motor Company has a 12-month low of $10.68 and a 12-month high of $17.78. The company has a market cap of $55.89 billion, a P/E ratio of -9.05, a price-to-earnings-growth ratio of 0.32 and a beta of 1.82.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The business had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. During the same quarter last year, the firm posted $0.14 earnings per share. Ford Motor’s revenue was up 6.4% compared to the same quarter last year. Equities analysts expect that Ford Motor Company will post 1.66 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, May 12th. Ford Motor’s dividend payout ratio is currently -38.71%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on F shares. UBS Group lifted their target price on Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Wells Fargo & Company upped their target price on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. Wall Street Zen upgraded Ford Motor from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $13.00 price target on shares of Ford Motor in a research note on Friday, May 15th. Finally, Morgan Stanley restated an “equal weight” rating and set a $14.00 price objective on shares of Ford Motor in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.79.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.