Blueshift Asset Management LLC Purchases New Shares in Ford Motor Company (NYSE:F)

Key Points

• Blueshift Asset Management LLC has invested $538,000 in Ford Motor Company by acquiring 53,654 shares during the first quarter, marking their entry into the automotive stock.
• Ford reported $0.37 earnings per share for the last quarter, exceeding analysts' expectation of $0.33, and noted a $50.18 billion revenue, which is a 5% increase year-over-year.
• The company announced a quarterly dividend of $0.15 per share, reflecting a 5.6% yield, with the dividend payout ratio at 76.92% based on its recent financial performance.

Blueshift Asset Management LLC bought a new position in shares of Ford Motor Company (NYSE:F - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 53,654 shares of the auto manufacturer's stock, valued at approximately $538,000.

Other large investors have also recently bought and sold shares of the company. Grove Bank & Trust lifted its stake in Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after purchasing an additional 1,882 shares during the period. Elite Financial Inc. bought a new position in shares of Ford Motor during the 1st quarter worth approximately $27,000. Olde Wealth Management LLC acquired a new stake in Ford Motor in the 1st quarter valued at $28,000. MorganRosel Wealth Management LLC bought a new stake in Ford Motor in the first quarter valued at $30,000. Finally, Spurstone Advisory Services LLC acquired a new position in Ford Motor during the fourth quarter worth $31,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Trading Down 2.4%

Ford Motor stock traded down $0.27 during midday trading on Friday, hitting $10.80. 73,499,128 shares of the stock were exchanged, compared to its average volume of 67,465,712. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $11.97. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. The stock has a market capitalization of $42.95 billion, a PE ratio of 13.85, a P/E/G ratio of 3.15 and a beta of 1.48. The company has a fifty day simple moving average of $10.91 and a two-hundred day simple moving average of $10.22.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%. The company had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. During the same quarter last year, the firm posted $0.47 earnings per share. Ford Motor's revenue was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.6%. Ford Motor's payout ratio is 76.92%.

Insider Buying and Selling at Ford Motor

In related news, insider Andrew Frick sold 30,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the sale, the insider directly owned 113,939 shares in the company, valued at approximately $1,253,329. This trade represents a 20.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

F has been the topic of several recent analyst reports. Wolfe Research upgraded shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Sanford C. Bernstein lowered shares of Ford Motor from a "market perform" rating to an "underperform" rating and reduced their price target for the company from $9.40 to $7.00 in a research report on Wednesday, April 9th. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Citigroup boosted their target price on Ford Motor from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group increased their price target on Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Ford Motor presently has an average rating of "Hold" and a consensus target price of $10.40.

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.