Ford Motor (NYSE:F) Stake Boosted by Enterprise Financial Services Corp

Enterprise Financial Services Corp grew its position in shares of Ford Motor (NYSE:F) by 104.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,322 shares of the auto manufacturer’s stock after acquiring an additional 5,796 shares during the quarter. Enterprise Financial Services Corp’s holdings in Ford Motor were worth $99,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new stake in shares of Ford Motor in the 1st quarter valued at approximately $27,000. Howe & Rusling Inc. lifted its holdings in Ford Motor by 173.0% during the 4th quarter. Howe & Rusling Inc. now owns 3,631 shares of the auto manufacturer’s stock valued at $28,000 after purchasing an additional 2,301 shares during the last quarter. Lavaca Capital LLC acquired a new stake in Ford Motor during the 4th quarter valued at $32,000. WP Advisors LLC acquired a new stake in Ford Motor during the 1st quarter valued at $32,000. Finally, Ipswich Investment Management Co. Inc. acquired a new stake in Ford Motor during the 4th quarter valued at $37,000. 52.77% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the company. Morgan Stanley set a $10.00 price target on Ford Motor and gave the company a “hold” rating in a report on Friday, April 26th. TheStreet raised Ford Motor from a “c” rating to a “b-” rating in a report on Thursday, April 25th. BMO Capital Markets increased their price objective on Ford Motor from $8.50 to $10.00 and gave the stock a “market perform” rating in a research report on Monday, May 6th. ValuEngine upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a research report on Tuesday, April 30th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $10.48.

F stock traded down $0.27 during trading hours on Wednesday, hitting $9.97. 37,848,206 shares of the stock were exchanged, compared to its average volume of 43,044,137. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.22 and a quick ratio of 1.10. Ford Motor has a 12 month low of $7.41 and a 12 month high of $12.15. The stock has a market capitalization of $40.65 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 1.02 and a beta of 1.12.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, April 25th. The auto manufacturer reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.18. Ford Motor had a return on equity of 14.41% and a net margin of 1.94%. The company had revenue of $40.34 billion for the quarter, compared to analysts’ expectations of $37.37 billion. During the same quarter last year, the business earned $0.43 earnings per share. Ford Motor’s revenue was down 3.9% on a year-over-year basis. Research analysts expect that Ford Motor will post 1.38 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, April 24th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date of this dividend is Tuesday, April 23rd. Ford Motor’s payout ratio is currently 46.15%.

In other Ford Motor news, Director John C. Lechleiter acquired 10,000 shares of Ford Motor stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of $10.32 per share, with a total value of $103,200.00. Following the completion of the purchase, the director now directly owns 55,000 shares of the company’s stock, valued at approximately $567,600. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Catherine A. O’callaghan sold 53,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $10.33, for a total value of $547,490.00. Following the completion of the sale, the vice president now directly owns 48,275 shares in the company, valued at $498,680.75. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by company insiders.

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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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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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