Mackenzie Financial Corp Increases Holdings in Ford Motor Company (NYSE:F)

Key Points

• Mackenzie Financial Corp increased its stake in Ford Motor Company by 13.1% during the first quarter, owning 364,842 shares valued at $3,659,000.
• Overall, institutional investors hold 58.74% of Ford's stock, with other notable increases from firms like Pacer Advisors Inc. (6,915.1% increase) and Jacobs Levy Equity Management (88.0% increase).
• Ford also declared a quarterly dividend of $0.15 per share, set to be paid on September 2nd, resulting in an annualized yield of 5.6%.

Mackenzie Financial Corp increased its position in shares of Ford Motor Company (NYSE:F - Free Report) by 13.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 364,842 shares of the auto manufacturer's stock after buying an additional 42,273 shares during the period. Mackenzie Financial Corp's holdings in Ford Motor were worth $3,659,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in F. Pacer Advisors Inc. lifted its holdings in Ford Motor by 6,915.1% in the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock valued at $492,253,000 after purchasing an additional 48,378,444 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Ford Motor by 88.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer's stock worth $222,872,000 after acquiring an additional 10,535,335 shares during the last quarter. Voloridge Investment Management LLC grew its stake in Ford Motor by 2,905.1% during the 4th quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer's stock valued at $79,096,000 after acquiring an additional 7,723,601 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Ford Motor by 21.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,642,389 shares of the auto manufacturer's stock valued at $293,460,000 after acquiring an additional 5,295,086 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Ford Motor by 11.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer's stock worth $460,444,000 after purchasing an additional 4,925,993 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company's stock.

Insider Buying and Selling at Ford Motor

In other Ford Motor 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 transaction of $330,000.00. Following the completion of the sale, the insider directly owned 113,939 shares of the company's stock, valued at approximately $1,253,329. This trade represents a 20.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.48% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Sanford C. Bernstein downgraded Ford Motor from a "market perform" rating to an "underperform" rating and reduced their price objective for the stock from $9.40 to $7.00 in a research report on Wednesday, April 9th. Citigroup upped their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Wolfe Research upgraded shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. 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 upped their price objective on Ford Motor from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $10.40.

Ford Motor Stock Up 1.1%

Shares of Ford Motor stock traded up $0.12 on Monday, reaching $10.94. 56,585,630 shares of the company were exchanged, compared to its average volume of 102,667,852. The stock's 50 day moving average price is $10.91 and its 200-day moving average price is $10.22. The company has a market cap of $43.52 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 3.15 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 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 released its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, topping 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 business's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 EPS. As a group, equities analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.5%. Ford Motor's dividend payout ratio is 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.