Hennessy Advisors Inc. raised its holdings in Ford Motor (NYSE:F - Free Report) by 27.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 537,600 shares of the auto manufacturer's stock after acquiring an additional 116,100 shares during the period. Hennessy Advisors Inc.'s holdings in Ford Motor were worth $5,392,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NCP Inc. grew its position in Ford Motor by 62.0% in the fourth quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer's stock valued at $738,000 after acquiring an additional 28,528 shares during the last quarter. Alberta Investment Management Corp grew its position in Ford Motor by 87.1% in the fourth quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer's stock valued at $1,941,000 after acquiring an additional 91,300 shares during the last quarter. ABC Arbitrage SA bought a new stake in shares of Ford Motor during the fourth quarter worth about $1,012,000. Tounjian Advisory Partners LLC bought a new stake in shares of Ford Motor during the first quarter worth about $974,000. Finally, Wernau Asset Management Inc. bought a new stake in shares of Ford Motor during the fourth quarter worth about $344,000. Institutional investors own 58.74% of the company's stock.
Ford Motor Price Performance
Shares of F opened at $10.44 on Friday. Ford Motor has a 52-week low of $8.44 and a 52-week high of $14.85. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The business's 50 day moving average price is $10.12 and its two-hundred day moving average price is $9.97. The firm has a market cap of $41.50 billion, a PE ratio of 7.15, a price-to-earnings-growth ratio of 0.61 and a beta of 1.50.
Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.16. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The firm had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. The company's revenue was down 6.2% compared to the same quarter last year. On average, equities analysts anticipate that Ford Motor will post 1.47 EPS for the current year.
Ford Motor Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.75%. The ex-dividend date of this dividend was Monday, May 12th. Ford Motor's dividend payout ratio (DPR) is presently 48.00%.
Wall Street Analyst Weigh In
F has been the topic of several research reports. Wolfe Research upgraded Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Barclays boosted their price target on Ford Motor from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. UBS Group reduced their price target on Ford Motor from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. TD Cowen initiated coverage on Ford Motor in a report on Friday, March 7th. They set a "hold" rating and a $10.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Ford Motor from $11.00 to $12.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Ford Motor currently has an average rating of "Hold" and an average price target of $10.03.
Check Out Our Latest Stock Report on Ford Motor
About Ford Motor
(
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.
Further Reading
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