Next Level Private LLC boosted its holdings in shares of Ford Motor (NYSE:F - Free Report) by 28.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 244,011 shares of the auto manufacturer's stock after acquiring an additional 53,424 shares during the period. Next Level Private LLC's holdings in Ford Motor were worth $2,447,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. NCP Inc. boosted its holdings in Ford Motor by 62.0% in the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer's stock valued at $738,000 after purchasing an additional 28,528 shares during the last quarter. Alberta Investment Management Corp boosted its holdings in Ford Motor by 87.1% in the 4th quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer's stock valued at $1,941,000 after purchasing an additional 91,300 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Ford Motor by 12.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 455,671 shares of the auto manufacturer's stock valued at $4,511,000 after purchasing an additional 49,844 shares during the last quarter. ABC Arbitrage SA acquired a new position in Ford Motor in the 4th quarter valued at about $1,012,000. Finally, Wernau Asset Management Inc. acquired a new position in Ford Motor in the 4th quarter valued at about $344,000. Hedge funds and other institutional investors own 58.74% of the company's stock.
Analysts Set New Price Targets
Several research firms have weighed in on F. 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. Barclays boosted their target price on shares of Ford Motor from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Wolfe Research raised shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. UBS Group cut their target price on Ford Motor from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, The Goldman Sachs Group boosted their target price on Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $10.03.
Read Our Latest Stock Report on Ford Motor
Ford Motor Stock Up 0.7%
Ford Motor stock traded up $0.07 during trading on Monday, reaching $10.33. 63,567,567 shares of the company's stock were exchanged, compared to its average volume of 79,381,386. The company's 50-day moving average is $10.01 and its two-hundred day moving average is $9.99. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. Ford Motor has a 52-week low of $8.44 and a 52-week high of $14.85. The firm has a market cap of $41.09 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 0.61 and a beta of 1.50.
Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.16. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The firm had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. During the same quarter in the previous year, the business posted $0.49 EPS. The firm's revenue was down 6.2% compared to the same quarter last year. On average, analysts predict that Ford Motor will post 1.47 earnings per share for the current year.
Ford Motor Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 5.81%. Ford Motor's dividend payout ratio is currently 48.00%.
Ford Motor Company Profile
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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.
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