32,099 Shares in Ford Motor (NYSE:F) Acquired by Cullen Investment Group LTD.

Cullen Investment Group LTD. bought a new position in Ford Motor (NYSE:F) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 32,099 shares of the auto manufacturer’s stock, valued at approximately $391,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in F. Snider Financial Group lifted its holdings in shares of Ford Motor by 100,345.2% during the first quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock worth $3,717,000 after buying an additional 219,586,336 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ford Motor by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 87,391,788 shares of the auto manufacturer’s stock worth $1,085,406,000 after buying an additional 2,657,650 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ford Motor by 1.2% during the first quarter. Geode Capital Management LLC now owns 70,775,476 shares of the auto manufacturer’s stock worth $889,831,000 after buying an additional 863,591 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Ford Motor by 3.8% during the third quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock worth $473,312,000 after buying an additional 1,392,408 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Ford Motor during the fourth quarter worth approximately $419,237,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on F shares. Royal Bank of Canada restated a “sector perform” rating and issued a $12.00 target price on shares of Ford Motor in a research note on Wednesday, February 7th. Morgan Stanley upped their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Redburn Atlantic started coverage on Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 target price for the company. Citigroup upped their target price on Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Piper Sandler started coverage on Ford Motor in a research report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $13.82.

Ford Motor Trading Down 3.0 %

NYSE:F opened at $12.23 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33. The business’s 50-day moving average price is $12.63 and its two-hundred day moving average price is $11.76. The firm has a market capitalization of $48.60 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.00 and a beta of 1.63. Ford Motor has a 1-year low of $9.63 and a 1-year high of $15.42.

Ford Motor (NYSE:F) last issued its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, topping the consensus estimate of $0.12 by $0.17. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The company had revenue of $43.21 billion during the quarter, compared to the consensus estimate of $43.06 billion. During the same period in the previous year, the company posted $0.51 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities analysts expect that Ford Motor will post 1.9 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently declared a Variable dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a yield of 4.7%. Ford Motor’s payout ratio is currently 55.56%.

Insider Buying and Selling

In related news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the sale, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.40% of the stock is currently owned by insiders.

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.