Ford Motor Company (NYSE:F) Shares Purchased by M&T Bank Corp

M&T Bank Corp lifted its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 38.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 379,182 shares of the auto manufacturer's stock after purchasing an additional 104,477 shares during the period. M&T Bank Corp's holdings in Ford Motor were worth $3,804,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in Ford Motor by 16.6% during the fourth quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock worth $3,980,630,000 after acquiring an additional 57,182,803 shares during the last quarter. Norges Bank acquired a new position in Ford Motor during the fourth quarter worth about $387,282,000. 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 boosted its position in Ford Motor by 2,905.1% during the fourth quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer's stock worth $79,096,000 after acquiring an additional 7,723,601 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Ford Motor by 21.7% during the fourth 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 worth $293,460,000 after acquiring an additional 5,295,086 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company's stock.

Ford Motor Stock Down 1.2%

Shares of NYSE F traded down $0.14 during mid-day trading on Friday, reaching $11.77. The company had a trading volume of 65,324,572 shares, compared to its average volume of 83,300,053. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26. The firm has a 50 day simple moving average of $10.69 and a two-hundred day simple moving average of $10.07. The stock has a market cap of $46.80 billion, a P/E ratio of 9.42, a PEG ratio of 1.01 and a beta of 1.49. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $14.85.

Ford Motor (NYSE:F - Get Free Report) last posted its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.16. The firm had revenue of $40.66 billion for the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The company's revenue was down 6.2% on a year-over-year basis. During the same period last year, the firm posted $0.49 EPS. Sell-side analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date was Monday, May 12th. Ford Motor's dividend payout ratio is currently 48.00%.

Insiders Place Their Bets

In other news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the sale, the insider owned 113,939 shares of the company's stock, valued at $1,253,329. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

F has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on shares of Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Wall Street Zen lowered shares of Ford Motor from a "hold" rating to a "sell" rating in a report on Saturday. Sanford C. Bernstein lowered shares of Ford Motor from a "market perform" rating to an "underperform" rating and decreased their target price for the company from $9.40 to $7.00 in a report on Wednesday, April 9th. Citigroup boosted their target price 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. Finally, Piper Sandler boosted their target price on shares of Ford Motor from $8.50 to $9.00 and gave the company a "neutral" rating in a report on Thursday, May 22nd. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $10.03.

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.