Wealth Advisors of Tampa Bay LLC raised its stake in shares of Ford Motor (NYSE:F) by 5.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 371,559 shares of the auto manufacturer’s stock after purchasing an additional 18,405 shares during the period. Ford Motor accounts for 3.0% of Wealth Advisors of Tampa Bay LLC’s holdings, making the stock its 9th biggest position. Wealth Advisors of Tampa Bay LLC’s holdings in Ford Motor were worth $4,121,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. lifted its stake in shares of Ford Motor by 13.2% in the first quarter. BlackRock Inc. now owns 262,412,220 shares of the auto manufacturer’s stock worth $2,907,527,000 after buying an additional 30,645,741 shares in the last quarter. Newport Trust Co lifted its stake in shares of Ford Motor by 0.6% in the first quarter. Newport Trust Co now owns 188,248,101 shares of the auto manufacturer’s stock worth $2,085,789,000 after buying an additional 1,173,078 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Ford Motor by 2.5% in the first quarter. Franklin Resources Inc. now owns 51,992,097 shares of the auto manufacturer’s stock worth $576,073,000 after buying an additional 1,246,237 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Ford Motor by 73.3% in the first quarter. Pzena Investment Management LLC now owns 44,818,988 shares of the auto manufacturer’s stock worth $496,594,000 after buying an additional 18,962,611 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Ford Motor by 11.7% in the fourth quarter. Geode Capital Management LLC now owns 43,141,934 shares of the auto manufacturer’s stock worth $537,773,000 after buying an additional 4,529,998 shares in the last quarter. 55.42% of the stock is currently owned by institutional investors and hedge funds.
Get Ford Motor alerts:Shares of F opened at $11.51 on Monday. Ford Motor has a 1-year low of $10.14 and a 1-year high of $13.48. The stock has a market cap of $45.73 billion, a price-to-earnings ratio of 6.47, a P/E/G ratio of 0.69 and a beta of 1.04. The company has a quick ratio of 1.11, a current ratio of 1.23 and a debt-to-equity ratio of 2.89.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, April 25th. The auto manufacturer reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Ford Motor had a net margin of 4.86% and a return on equity of 21.31%. The business had revenue of $41.96 billion during the quarter, compared to analysts’ expectations of $37.06 billion. During the same period last year, the business earned $0.39 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. equities research analysts predict that Ford Motor will post 1.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, April 20th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date is Thursday, April 19th. Ford Motor’s dividend payout ratio is presently 33.71%.
F has been the topic of several research reports. Morgan Stanley set a $16.00 price target on shares of Ford Motor and gave the stock a “buy” rating in a research note on Thursday. Vetr downgraded shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.00 price target on the stock. in a research note on Monday, January 29th. ValuEngine raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Thursday. Susquehanna Bancshares set a $12.00 price target on shares of Ford Motor and gave the stock a “hold” rating in a research note on Wednesday, March 14th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $11.00 price target on shares of Ford Motor in a research note on Tuesday, March 6th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $12.78.
In other Ford Motor news, insider Ashwani Kumar Galhotra sold 31,415 shares of Ford Motor stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $10.34, for a total transaction of $324,831.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman William Clay Ford, Jr. sold 454,260 shares of Ford Motor stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $10.32, for a total transaction of $4,687,963.20. The disclosure for this sale can be found here. 0.95% of the stock is owned by company insiders.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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