Strs Ohio Buys New Shares in Ford Motor Company $F

Key Points

• Strs Ohio has acquired a new stake in Ford Motor Company, purchasing 878,235 shares valued at approximately $8.8 million, reflecting significant institutional interest in the company.
• Wall Street analysts have issued mixed reviews on Ford, with target prices ranging from $9.00 to $13.00, and an average rating of "Reduce" for the stock.
• Ford recently declared a quarterly dividend of $0.15 per share, yielding 5.1%, indicating a commitment to returning value to shareholders despite market fluctuations.

Strs Ohio bought a new stake in shares of Ford Motor Company (NYSE:F - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 878,235 shares of the auto manufacturer's stock, valued at approximately $8,809,000.

A number of other institutional investors have also recently modified their holdings of F. Grove Bank & Trust grew its position in shares of Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock valued at $25,000 after acquiring an additional 1,882 shares during the period. Elite Financial Inc. acquired a new stake in shares of Ford Motor during the 1st quarter valued at about $27,000. Olde Wealth Management LLC acquired a new stake in shares of Ford Motor during the 1st quarter valued at about $28,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Ford Motor during the 1st quarter valued at about $30,000. Finally, Spurstone Advisory Services LLC acquired a new stake in shares of Ford Motor during the 4th quarter valued at about $31,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada raised their target price on Ford Motor from $10.00 to $11.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. raised their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Piper Sandler raised their price target on shares of Ford Motor from $9.00 to $9.50 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Jefferies Financial Group raised their price target on shares of Ford Motor from $8.00 to $9.00 and gave the company an "underperform" rating in a research note on Monday, August 11th. Finally, Dbs Bank lowered shares of Ford Motor from a "hold" rating to a "moderate sell" rating in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $10.53.

Ford Motor Trading Down 0.7%

F opened at $11.68 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The company's 50 day simple moving average is $11.47 and its two-hundred day simple moving average is $10.59. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $11.99. The firm has a market capitalization of $46.48 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 3.38 and a beta of 1.52.

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

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor's payout ratio is presently 76.92%.

Insider Activity at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the sale, the insider owned 113,939 shares of the company's stock, valued at approximately $1,253,329. The trade was a 20.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.48% of the company's stock.

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.

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