Korea Investment CORP Raises Position in Ford Motor Company $F

Korea Investment CORP boosted its position in shares of Ford Motor Company (NYSE:F) by 84.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,393,573 shares of the auto manufacturer’s stock after buying an additional 1,551,827 shares during the period. Korea Investment CORP owned 0.09% of Ford Motor worth $40,587,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in F. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Ford Motor by 16.5% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock worth $65,000 after acquiring an additional 776 shares during the last quarter. Capital Investment Advisors LLC raised its stake in Ford Motor by 1.3% in the 3rd quarter. Capital Investment Advisors LLC now owns 64,112 shares of the auto manufacturer’s stock valued at $767,000 after purchasing an additional 824 shares during the last quarter. Silverlake Wealth Management LLC raised its stake in Ford Motor by 1.7% in the 3rd quarter. Silverlake Wealth Management LLC now owns 48,085 shares of the auto manufacturer’s stock valued at $575,000 after purchasing an additional 827 shares during the last quarter. Searle & CO. lifted its holdings in Ford Motor by 2.1% in the 3rd quarter. Searle & CO. now owns 40,833 shares of the auto manufacturer’s stock valued at $488,000 after purchasing an additional 833 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its stake in Ford Motor by 2.4% during the 3rd quarter. Perigon Wealth Management LLC now owns 35,686 shares of the auto manufacturer’s stock worth $427,000 after purchasing an additional 851 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Insider Transactions at Ford Motor

In other news, insider William Clay Ford, Jr. bought 140,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were bought at an average price of $13.82 per share, with a total value of $1,934,800.00. Following the completion of the transaction, the insider directly owned 3,912,600 shares in the company, valued at $54,072,132. This trade represents a 3.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.48% of the stock is currently owned by insiders.

Ford Motor Trading Up 0.0%

NYSE F opened at $12.16 on Tuesday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.07 and a quick ratio of 0.94. The stock has a market capitalization of $48.49 billion, a P/E ratio of -5.90, a PEG ratio of 0.28 and a beta of 1.65. The firm’s 50-day moving average is $13.66 and its two-hundred day moving average is $12.93. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $14.80.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. The business had revenue of $45.89 billion during the quarter, compared to analysts’ expectations of $41.78 billion. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share. On average, sell-side analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.9%. The ex-dividend date was Friday, February 13th. Ford Motor’s dividend payout ratio (DPR) is -29.13%.

Analyst Ratings Changes

A number of research firms have recently issued reports on F. Wall Street Zen lowered shares of Ford Motor from a “buy” rating to a “sell” rating in a report on Saturday, February 14th. UBS Group raised their price target on shares of Ford Motor from $12.50 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Zacks Research upgraded shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Piper Sandler raised shares of Ford Motor from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $11.00 to $16.00 in a research note on Thursday, January 8th. Finally, Bank of America started coverage on shares of Ford Motor in a report on Wednesday, March 4th. They issued a “buy” rating and a $17.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.29.

About Ford Motor

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.