Legacy Financial Advisors Inc. Acquires 28,629 Shares of Ford Motor (NYSE:F)

Legacy Financial Advisors Inc. increased its holdings in shares of Ford Motor (NYSE:F) by 194.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 43,361 shares of the auto manufacturer’s stock after acquiring an additional 28,629 shares during the period. Legacy Financial Advisors Inc.’s holdings in Ford Motor were worth $529,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of F. Charles Schwab Investment Management Inc. increased its holdings in Ford Motor by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 87,391,788 shares of the auto manufacturer’s stock worth $1,085,406,000 after purchasing an additional 2,657,650 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Ford Motor by 6.3% in the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock valued at $721,065,000 after acquiring an additional 3,522,965 shares during the period. Northern Trust Corp increased its holdings in shares of Ford Motor by 3.8% in the 3rd quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock valued at $473,312,000 after acquiring an additional 1,392,408 shares during the period. LSV Asset Management increased its holdings in shares of Ford Motor by 3.9% in the 3rd quarter. LSV Asset Management now owns 20,238,211 shares of the auto manufacturer’s stock valued at $251,359,000 after acquiring an additional 751,500 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Ford Motor by 21.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer’s stock valued at $153,421,000 after acquiring an additional 2,190,915 shares during the period. 58.74% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the transaction, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

F has been the topic of a number of analyst reports. Barclays lifted their price target on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Piper Sandler started coverage on Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 target price on the stock. Morgan Stanley upped their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. UBS Group upped their target price on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Finally, Royal Bank of Canada upped their target price on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. One equities 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.com, Ford Motor presently has an average rating of “Hold” and an average target price of $13.74.

Ford Motor Stock Performance

Shares of F traded down $0.06 during mid-day trading on Friday, reaching $12.43. The company had a trading volume of 47,463,317 shares, compared to its average volume of 54,173,800. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $49.39 billion, a P/E ratio of 12.81, a PEG ratio of 0.84 and a beta of 1.61. The stock has a 50 day moving average of $12.64 and a two-hundred day moving average of $11.80.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The firm had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share. On average, analysts expect that Ford Motor will post 1.94 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.83%. Ford Motor’s dividend payout ratio is currently 61.86%.

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.