Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Ford Motor (NYSE:F) by 133.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,321 shares of the auto manufacturer’s stock after acquiring an additional 15,037 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Ford Motor were worth $231,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Ford Motor by 25.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,146,997 shares of the auto manufacturer’s stock valued at $10,071,000 after purchasing an additional 232,639 shares during the period. Columbia Asset Management raised its position in Ford Motor by 25.3% in the fourth quarter. Columbia Asset Management now owns 83,306 shares of the auto manufacturer’s stock valued at $637,000 after purchasing an additional 16,802 shares during the period. Norges Bank purchased a new stake in Ford Motor in the fourth quarter valued at $161,692,000. Virtu Financial LLC raised its position in Ford Motor by 529.3% in the fourth quarter. Virtu Financial LLC now owns 251,828 shares of the auto manufacturer’s stock valued at $1,926,000 after purchasing an additional 211,812 shares during the period. Finally, Frontier Investment Mgmt Co. raised its position in Ford Motor by 4.7% in the fourth quarter. Frontier Investment Mgmt Co. now owns 55,802 shares of the auto manufacturer’s stock valued at $427,000 after purchasing an additional 2,504 shares during the period. 52.59% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on F shares. ValuEngine downgraded Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, February 7th. Bank of America upgraded Ford Motor from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $14.00 in a report on Friday, May 10th. Morgan Stanley set a $10.00 price objective on Ford Motor and gave the company a “hold” rating in a report on Friday, April 26th. BMO Capital Markets boosted their price objective on Ford Motor from $8.50 to $10.00 and gave the company a “market perform” rating in a report on Monday, May 6th. Finally, TheStreet upgraded Ford Motor from a “c” rating to a “b-” rating in a report on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Ford Motor currently has an average rating of “Hold” and a consensus target price of $10.48.
Shares of NYSE:F traded down $0.07 on Wednesday, hitting $9.71. 31,647,014 shares of the company’s stock were exchanged, compared to its average volume of 35,662,108. The stock has a market cap of $39.06 billion, a P/E ratio of 7.47, a P/E/G ratio of 0.98 and a beta of 1.12. Ford Motor has a 1-year low of $7.41 and a 1-year high of $12.15. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.10 and a current ratio of 1.22.
Ford Motor (NYSE:F) last announced its earnings results on Thursday, April 25th. The auto manufacturer reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.18. The firm had revenue of $40.34 billion during the quarter, compared to analysts’ expectations of $37.37 billion. Ford Motor had a return on equity of 14.41% and a net margin of 1.94%. The business’s revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. On average, equities research analysts predict that Ford Motor will post 1.38 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.18%. The ex-dividend date is Tuesday, April 23rd. Ford Motor’s dividend payout ratio is presently 46.15%.
In other Ford Motor news, VP Catherine A. O’callaghan sold 53,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $10.33, for a total transaction of $547,490.00. Following the completion of the sale, the vice president now directly owns 48,275 shares of the company’s stock, valued at approximately $498,680.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Thornton bought 10,200 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average cost of $9.81 per share, with a total value of $100,062.00. Following the completion of the purchase, the director now owns 197,290 shares in the company, valued at approximately $1,935,414.90. The disclosure for this purchase can be found here. 0.83% of the stock is owned by corporate 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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