TCW Group Inc. Purchases 38,764 Shares of Ford Motor Company (NYSE:F)

Key Points

• TCW Group Inc. increased its holdings in Ford Motor Company by 22.3%, owning 212,208 shares valued at approximately $2.13 million as of the latest filing.
• Insider Andrew Frick sold 30,000 shares of Ford stock, representing a 20.84% decrease in his holdings, valued at around $330,000.
• Ford's recent quarterly earnings surpassed expectations, reporting $0.14 EPS against an anticipated (-$0.02), while revenue reached $40.66 billion, despite a 6.2% year-over-year decline.

TCW Group Inc. grew its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 22.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 212,208 shares of the auto manufacturer's stock after purchasing an additional 38,764 shares during the period. TCW Group Inc.'s holdings in Ford Motor were worth $2,128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in F. Grove Bank & Trust raised its holdings in shares of Ford Motor by 289.1% in the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after acquiring an additional 1,882 shares during the last quarter. Elite Financial Inc. bought a new stake in Ford Motor in the 1st quarter worth about $27,000. Olde Wealth Management LLC bought a new stake in Ford Motor in the 1st quarter worth about $28,000. MorganRosel Wealth Management LLC bought a new stake in Ford Motor in the 1st quarter worth about $30,000. Finally, Spurstone Advisory Services LLC bought a new stake in Ford Motor in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 58.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on F. Piper Sandler upped their price objective on shares of Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a research report on Thursday. UBS Group upped their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Wolfe Research raised shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Barclays upped their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Ford Motor has a consensus rating of "Hold" and a consensus price target of $10.40.

Insider Buying and Selling at Ford Motor

In related news, insider Andrew Frick sold 30,000 shares of the stock in a transaction 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 transaction, the insider 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.48% of the company's stock.

Ford Motor Stock Performance

Shares of F stock traded down $0.33 during trading on Friday, reaching $10.75. 46,550,589 shares of the company's stock traded hands, compared to its average volume of 102,772,211. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $11.97. 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 company has a market capitalization of $42.73 billion, a P/E ratio of 13.78, a PEG ratio of 3.19 and a beta of 1.49. The firm's 50-day moving average is $10.91 and its 200 day moving average is $10.21.

Ford Motor (NYSE:F - Get Free Report) last posted its earnings results 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. Ford Motor had a net margin of 1.70% and a return on equity of 12.49%. The business had revenue of $50.18 billion for the quarter, compared to analysts' expectations of $42.91 billion. During the same period in the prior year, the company posted $0.47 EPS. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts expect that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be given 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 5.6%. Ford Motor's dividend payout ratio (DPR) is 48.00%.

About Ford Motor

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.