600,000 Shares in Ford Motor Company $F Acquired by Ilmarinen Mutual Pension Insurance Co

Key Points

• Ilmarinen Mutual Pension Insurance Co has purchased 600,000 shares of Ford Motor Company, valued at approximately $6,018,000, marking a significant investment during the 1st quarter.
• Ford has seen mixed ratings from analysts, with significant upgrades and downgrades, leading to an average price target of $10.53 for its stock.
• The company recently declared a quarterly dividend of $0.15, yielding 5.2%, as part of its financial strategy amidst fluctuating stock performance.

Ilmarinen Mutual Pension Insurance Co bought a new stake in shares of Ford Motor Company (NYSE:F - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 600,000 shares of the auto manufacturer's stock, valued at approximately $6,018,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tounjian Advisory Partners LLC purchased a new stake in Ford Motor during the first quarter valued at approximately $974,000. FORA Capital LLC purchased a new stake in Ford Motor during the first quarter valued at approximately $7,398,000. Generali Investments CEE investicni spolecnost a.s. lifted its position in Ford Motor by 25.0% during the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 300,000 shares of the auto manufacturer's stock valued at $3,009,000 after acquiring an additional 60,000 shares during the last quarter. Teza Capital Management LLC purchased a new stake in Ford Motor during the first quarter valued at approximately $465,000. Finally, Quantitative Investment Management LLC purchased a new stake in Ford Motor during the first quarter valued at approximately $2,373,000. Hedge funds and other institutional investors own 58.74% of the company's stock.

Ford Motor Price Performance

Shares of F traded down $0.08 during midday trading on Friday, hitting $11.68. 50,080,669 shares of the company traded hands, compared to its average volume of 45,111,108. The stock has a 50-day moving average of $11.47 and a 200-day moving average of $10.59. Ford Motor Company has a one year low of $8.44 and a one year high of $11.99. The firm has a market cap of $46.48 billion, a P/E ratio of 14.97, a PEG ratio of 3.38 and a beta of 1.52. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The firm had revenue of $50.18 billion for the quarter, compared to analysts' expectations of $42.91 billion. During the same period in the prior year, the business posted $0.47 earnings per share. The company's revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts predict 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 was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were given a dividend of $0.15 per share. The ex-dividend date was Monday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.1%. Ford Motor's dividend payout ratio is currently 76.92%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Dbs Bank cut shares of Ford Motor from a "hold" rating to a "moderate sell" rating in a report on Monday, August 4th. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. UBS Group raised their price target on shares of Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Finally, Barclays raised their price target on shares of Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, Ford Motor presently has a consensus rating of "Reduce" and an average target price of $10.53.

Insider Buying and Selling at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the sale, the insider directly owned 113,939 shares in the company, valued at $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.48% of the stock is currently owned by corporate insiders.

Ford Motor 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.