Ford Motor Company $F Shares Purchased by Allstate Corp

Key Points

• Allstate Corp increased its stake in Ford Motor Company by 20.9% during the first quarter, holding 140,387 shares valued at approximately $1.4 million as of the last quarter.
• Ford recently announced a $0.15 quarterly dividend, resulting in an annualized yield of 5.1% and a dividend payout ratio of 76.92%.
• Analysts have adjusted Ford's stock price targets, with Barclays increasing it to $11.00, while the average rating has shifted to "Reduce" with a target of $10.53.

Allstate Corp lifted its position in Ford Motor Company (NYSE:F - Free Report) by 20.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,387 shares of the auto manufacturer's stock after purchasing an additional 24,271 shares during the quarter. Allstate Corp's holdings in Ford Motor were worth $1,408,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Compound Planning Inc. boosted its position in shares of Ford Motor by 105.1% in the 1st quarter. Compound Planning Inc. now owns 39,845 shares of the auto manufacturer's stock valued at $400,000 after purchasing an additional 20,415 shares during the period. Norinchukin Bank The lifted its position in Ford Motor by 14.4% during the 1st quarter. Norinchukin Bank The now owns 194,197 shares of the auto manufacturer's stock worth $1,948,000 after acquiring an additional 24,389 shares during the period. CW Advisors LLC acquired a new stake in Ford Motor during the 1st quarter worth approximately $615,000. Summit Financial LLC lifted its position in Ford Motor by 3.1% during the 1st quarter. Summit Financial LLC now owns 42,713 shares of the auto manufacturer's stock worth $428,000 after acquiring an additional 1,302 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Ford Motor by 1.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,633,419 shares of the auto manufacturer's stock worth $56,504,000 after acquiring an additional 63,249 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

F has been the subject of a number of recent research reports. Barclays increased their price objective on Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. The Goldman Sachs Group increased their price objective on Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Wall Street Zen raised Ford Motor from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Royal Bank Of Canada increased their price objective on Ford Motor from $10.00 to $11.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group increased their price objective on Ford Motor from $8.00 to $9.00 and gave the stock an "underperform" rating in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Ford Motor presently has an average rating of "Reduce" and an average price target of $10.53.

Ford Motor Stock Up 3.5%

F opened at $11.7230 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The business has a 50 day simple moving average of $11.22 and a 200-day simple moving average of $10.35. The stock has a market capitalization of $46.66 billion, a P/E ratio of 15.03, a P/E/G ratio of 3.36 and a beta of 1.48. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $11.97.

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

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Monday, August 11th. Ford Motor's dividend payout ratio (DPR) is presently 76.92%.

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.

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