Cambridge Investment Research Advisors Inc. boosted its stake in Ford Motor Company (NYSE:F - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,564,674 shares of the auto manufacturer's stock after purchasing an additional 65,039 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Ford Motor were worth $15,694,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. NCP Inc. increased its holdings in Ford Motor by 62.0% in the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer's stock worth $738,000 after purchasing an additional 28,528 shares in the last quarter. Tounjian Advisory Partners LLC acquired a new position in shares of Ford Motor during the first quarter worth $974,000. Wernau Asset Management Inc. bought a new stake in shares of Ford Motor in the fourth quarter worth $344,000. Versor Investments LP raised its position in Ford Motor by 846.6% during the 4th quarter. Versor Investments LP now owns 111,700 shares of the auto manufacturer's stock worth $1,106,000 after purchasing an additional 99,900 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new position in Ford Motor during the 4th quarter worth about $20,408,000. Institutional investors and hedge funds own 58.74% of the company's stock.
Ford Motor Stock Down 0.2%
Shares of NYSE:F traded down $0.02 during midday trading on Tuesday, hitting $10.73. 77,192,058 shares of the company's stock were exchanged, compared to its average volume of 80,943,303. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $14.85. The company has a market cap of $42.65 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 0.91 and a beta of 1.50. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.13 and a quick ratio of 0.97. The stock has a 50 day moving average price of $10.29 and a 200-day moving average price of $9.96.
Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.16. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The business had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. Ford Motor's revenue was down 6.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Ford Motor Company will post 1.47 EPS for the current fiscal year.
Ford Motor Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend was Monday, May 12th. Ford Motor's dividend payout ratio (DPR) is presently 48.00%.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on F. Sanford C. Bernstein cut Ford Motor from a "market perform" rating to an "underperform" rating and reduced their target price for the company from $9.40 to $7.00 in a report on Wednesday, April 9th. Piper Sandler increased their price objective on shares of Ford Motor from $8.50 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. UBS Group dropped their target price on shares of Ford Motor from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Citigroup upped their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, Wolfe Research raised Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.03.
View Our Latest Research Report on F
About Ford Motor
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Free Report)
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.
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