Intact Investment Management Inc. grew its stake in shares of Ford Motor (NYSE:F) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 413,300 shares of the auto manufacturer’s stock after acquiring an additional 19,700 shares during the period. Intact Investment Management Inc.’s holdings in Ford Motor were worth $3,835,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. First Command Bank raised its position in shares of Ford Motor by 4.6% during the fourth quarter. First Command Bank now owns 27,041 shares of the auto manufacturer’s stock valued at $251,000 after buying an additional 1,180 shares during the last quarter. Inscription Capital LLC increased its stake in Ford Motor by 6.1% in the fourth quarter. Inscription Capital LLC now owns 21,351 shares of the auto manufacturer’s stock valued at $199,000 after acquiring an additional 1,225 shares during the period. First Heartland Consultants Inc. increased its stake in Ford Motor by 10.8% in the third quarter. First Heartland Consultants Inc. now owns 12,891 shares of the auto manufacturer’s stock valued at $118,000 after acquiring an additional 1,256 shares during the period. PFG Advisors increased its stake in Ford Motor by 8.5% in the fourth quarter. PFG Advisors now owns 16,750 shares of the auto manufacturer’s stock valued at $155,000 after acquiring an additional 1,307 shares during the period. Finally, AlphaStar Capital Management LLC increased its stake in Ford Motor by 5.0% in the fourth quarter. AlphaStar Capital Management LLC now owns 29,059 shares of the auto manufacturer’s stock valued at $270,000 after acquiring an additional 1,372 shares during the period. Institutional investors and hedge funds own 53.91% of the company’s stock.
Ford Motor stock traded up $0.11 during trading hours on Thursday, hitting $5.50. 20,087,599 shares of the stock were exchanged, compared to its average volume of 108,867,200. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.05 and a current ratio of 1.16. The stock has a market capitalization of $21.37 billion, a P/E ratio of 275.14, a P/E/G ratio of 2.04 and a beta of 1.18. Ford Motor has a 12 month low of $3.96 and a 12 month high of $10.56. The business’s 50-day moving average is $6.83 and its two-hundred day moving average is $8.51.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Tuesday, February 4th. The auto manufacturer reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.05). Ford Motor had a return on equity of 13.84% and a net margin of 0.03%. The firm had revenue of $39.70 billion for the quarter, compared to the consensus estimate of $36.55 billion. During the same period in the prior year, the company posted $0.30 earnings per share. Ford Motor’s quarterly revenue was down 5.0% compared to the same quarter last year. On average, equities analysts predict that Ford Motor will post 0.54 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, January 30th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.60 annualized dividend and a yield of 10.91%.
A number of analysts recently weighed in on the stock. Citigroup lowered their target price on shares of Ford Motor from $9.00 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday. Royal Bank of Canada reissued a “hold” rating and issued a $6.50 target price on shares of Ford Motor in a research note on Wednesday, March 18th. Cfra raised shares of Ford Motor from a “hold” rating to a “buy” rating and upped their target price for the company from $9.00 to $10.00 in a research note on Tuesday, February 4th. TheStreet cut shares of Ford Motor from a “b-” rating to a “c” rating in a research note on Tuesday, February 4th. Finally, Deutsche Bank lowered their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $8.49.
In related news, CEO James P. Hackett sold 20,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $8.86, for a total value of $177,200.00. Following the transaction, the chief executive officer now directly owns 125,184 shares in the company, valued at $1,109,130.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Lechleiter acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average price of $5.36 per share, for a total transaction of $53,600.00. Following the completion of the acquisition, the director now directly owns 110,000 shares of the company’s stock, valued at $589,600. The disclosure for this purchase can be found here. Insiders purchased 30,000 shares of company stock worth $187,000 over the last 90 days. 0.83% of the stock is currently owned by company insiders.
About Ford Motor
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.
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