Ford Motor Company $F Shares Acquired by Korea Investment CORP

Key Points

• Korea Investment CORP increased its stake in Ford Motor Company by 10.1% during the first quarter, now holding 1,979,848 shares worth $19.86 million.
• Ford recently reported a quarterly earnings per share (EPS) of $0.37, exceeding analysts' expectations of $0.33, with revenue of $50.18 billion during the quarter.
• The company declared a quarterly dividend of $0.15 per share, representing an annualized yield of 5.2%, with a payout ratio of 76.92%.

Korea Investment CORP increased its holdings in shares of Ford Motor Company (NYSE:F - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,979,848 shares of the auto manufacturer's stock after buying an additional 180,946 shares during the quarter. Korea Investment CORP's holdings in Ford Motor were worth $19,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in F. GeoWealth Management LLC grew its stake in Ford Motor by 12.0% during the 4th quarter. GeoWealth Management LLC now owns 30,119 shares of the auto manufacturer's stock worth $298,000 after buying an additional 3,230 shares during the last quarter. MML Investors Services LLC grew its stake in Ford Motor by 3.2% during the 4th quarter. MML Investors Services LLC now owns 997,479 shares of the auto manufacturer's stock worth $9,875,000 after buying an additional 30,787 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in Ford Motor by 48.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 448,155 shares of the auto manufacturer's stock worth $4,432,000 after buying an additional 145,590 shares during the last quarter. IHT Wealth Management LLC grew its stake in Ford Motor by 2.9% during the 4th quarter. IHT Wealth Management LLC now owns 146,504 shares of the auto manufacturer's stock worth $1,450,000 after buying an additional 4,105 shares during the last quarter. Finally, Alta Advisers Ltd grew its stake in Ford Motor by 30.9% during the 4th quarter. Alta Advisers Ltd now owns 14,132 shares of the auto manufacturer's stock worth $140,000 after buying an additional 3,332 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Andrew Frick sold 30,000 shares of the 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 in the company, valued at approximately $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.48% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on F shares. The Goldman Sachs Group boosted their target price on Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Wall Street Zen upgraded Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. JPMorgan Chase & Co. boosted their price target on Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Dbs Bank downgraded Ford Motor from a "hold" rating to a "moderate sell" rating in a research note on Monday, August 4th. Finally, Citigroup boosted their price target on Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ford Motor presently has a consensus rating of "Reduce" and a consensus price target of $10.53.

Ford Motor Trading Up 3.5%

Ford Motor stock traded up $0.3930 during mid-day trading on Friday, hitting $11.7230. The company's stock had a trading volume of 58,490,999 shares, compared to its average volume of 60,942,456. The firm has a market capitalization of $46.66 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 3.36 and a beta of 1.48. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $11.97. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The stock's fifty day moving average is $11.22 and its two-hundred day moving average is $10.35.

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

Ford Motor Announces Dividend

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

About Ford Motor

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.