Flagship Harbor Advisors LLC raised its position in Ford Motor (NYSE:F) by 84.7% during the first quarter, HoldingsChannel.com reports. The fund owned 55,670 shares of the auto manufacturer’s stock after acquiring an additional 25,534 shares during the period. Flagship Harbor Advisors LLC’s holdings in Ford Motor were worth $488,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of F. Stone House Investment Management LLC bought a new position in shares of Ford Motor in the first quarter worth about $27,000. Howe & Rusling Inc. raised its stake in shares of Ford Motor by 173.0% in the fourth quarter. Howe & Rusling Inc. now owns 3,631 shares of the auto manufacturer’s stock worth $28,000 after buying an additional 2,301 shares during the period. WP Advisors LLC bought a new position in shares of Ford Motor in the first quarter worth about $32,000. Lavaca Capital LLC bought a new stake in Ford Motor during the 4th quarter valued at approximately $32,000. Finally, Csenge Advisory Group bought a new stake in Ford Motor during the 3rd quarter valued at approximately $42,000. 53.24% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on F shares. ValuEngine downgraded Ford Motor from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Nomura downgraded Ford Motor from a “neutral” rating to a “reduce” rating and decreased their target price for the company from $8.20 to $7.50 in a research note on Friday, April 5th. Barclays set a $9.00 target price on Ford Motor and gave the company a “hold” rating in a research note on Friday, January 4th. Jefferies Financial Group reissued a “buy” rating and set a $11.00 target price on shares of Ford Motor in a research note on Tuesday, January 8th. Finally, BMO Capital Markets reissued a “hold” rating and set a $8.50 target price on shares of Ford Motor in a research note on Monday, January 7th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. Ford Motor presently has an average rating of “Hold” and an average price target of $10.26.
NYSE F opened at $9.36 on Wednesday. The company has a market cap of $37.07 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 0.85 and a beta of 1.04. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.20 and a quick ratio of 1.08. Ford Motor has a 1-year low of $7.41 and a 1-year high of $12.15.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, January 23rd. The auto manufacturer reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. The business had revenue of $38.70 billion during the quarter, compared to analysts’ expectations of $36.83 billion. Ford Motor had a return on equity of 14.38% and a net margin of 2.29%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. As a group, research analysts forecast that Ford Motor will post 1.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.41%. The ex-dividend date is Tuesday, April 23rd. Ford Motor’s dividend payout ratio is presently 46.15%.
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Ford Motor Company Profile
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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