QRG Capital Management Inc. Raises Holdings in Ford Motor Company $F

Key Points

• QRG Capital Management increased its Ford stake by 147.7% in Q4, adding 95,056 shares to hold 159,411 shares worth about $2.09 million.
• Insider William Clay Ford, Jr. purchased 140,000 shares at an average price of $13.82 (≈$1.93 million), raising his direct holding to 3,912,600 shares.
• Ford beat expectations with $0.66 EPS (vs. $0.18 est.) and $43.25B revenue, announced a $0.15 quarterly dividend (4.9% yield), and has a consensus analyst rating of Hold with an average price target of $13.56.

QRG Capital Management Inc. lifted its holdings in shares of Ford Motor Company (NYSE:F - Free Report) by 147.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 159,411 shares of the auto manufacturer's stock after acquiring an additional 95,056 shares during the period. QRG Capital Management Inc.'s holdings in Ford Motor were worth $2,091,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of F. Grove Bank & Trust lifted its holdings in shares of Ford Motor by 110.7% during the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer's stock worth $25,000 after purchasing an additional 1,000 shares during the period. Olistico Wealth LLC acquired a new stake in shares of Ford Motor during the fourth quarter worth about $26,000. Johnson Financial Group Inc. lifted its holdings in shares of Ford Motor by 55.4% during the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer's stock worth $28,000 after purchasing an additional 837 shares during the period. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in shares of Ford Motor during the fourth quarter worth about $29,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Ford Motor during the third quarter worth about $32,000. Institutional investors and hedge funds own 58.74% of the company's stock.

Insider Activity

In other Ford Motor news, insider William Clay Ford, Jr. bought 140,000 shares of the firm's stock in a transaction dated Thursday, February 19th. The shares were purchased at an average price of $13.82 per share, for a total transaction of $1,934,800.00. Following the transaction, the insider directly owned 3,912,600 shares of the company's stock, valued at approximately $54,072,132. This represents a 3.71% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.63% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on F shares. Barclays lifted their target price on Ford Motor from $12.00 to $13.00 and gave the stock an "equal weight" rating in a report on Friday, January 23rd. JPMorgan Chase & Co. lifted their target price on Ford Motor from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Wednesday, January 21st. Wall Street Zen raised Ford Motor from a "sell" rating to a "buy" rating in a report on Saturday, May 2nd. Piper Sandler raised Ford Motor from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $11.00 to $16.00 in a report on Thursday, January 8th. Finally, HSBC upped their price objective on Ford Motor from $9.80 to $12.80 and gave the stock a "hold" rating in a research report on Tuesday, January 13th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $13.56.

Ford Motor Price Performance

NYSE:F opened at $12.18 on Friday. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The firm has a market cap of $48.57 billion, a price-to-earnings ratio of -7.85, a price-to-earnings-growth ratio of 0.28 and a beta of 1.65. The company has a 50 day moving average price of $12.24 and a 200-day moving average price of $13.00. Ford Motor Company has a 1-year low of $9.88 and a 1-year high of $14.80.

Ford Motor (NYSE:F - Get Free Report) last announced its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The business had revenue of $43.25 billion during the quarter, compared to the consensus estimate of $42.66 billion. During the same period in the prior year, the company posted $0.14 EPS. The business's quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts forecast that Ford Motor Company will post 1.54 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.9%. Ford Motor's dividend payout ratio (DPR) is -38.71%.

Ford Motor Profile

Ford Motor Company NYSE: F is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford's business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.

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