131,482 Shares in Ford Motor Company $F Bought by Econ Financial Services Corp

Econ Financial Services Corp acquired a new stake in shares of Ford Motor Company (NYSE:F) in the first quarter, HoldingsChannel reports. The fund acquired 131,482 shares of the auto manufacturer’s stock, valued at approximately $1,517,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of F. Norges Bank acquired a new position in shares of Ford Motor during the 4th quarter worth $674,437,000. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of Ford Motor during the 4th quarter valued at $1,769,000. TD Asset Management Inc lifted its stake in shares of Ford Motor by 11.0% in the 4th quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock valued at $25,036,000 after purchasing an additional 189,310 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Ford Motor by 2.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,345,131 shares of the auto manufacturer’s stock valued at $57,008,000 after purchasing an additional 103,423 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in Ford Motor by 91.6% in the third quarter. Quantbot Technologies LP now owns 179,619 shares of the auto manufacturer’s stock worth $2,148,000 after purchasing an additional 85,848 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

NYSE F opened at $14.11 on Friday. Ford Motor Company has a 1 year low of $10.68 and a 1 year high of $17.78. The company has a fifty day simple moving average of $13.88 and a 200 day simple moving average of $13.36. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The company has a market cap of $56.22 billion, a P/E ratio of -9.10, a P/E/G ratio of 0.31 and a beta of 1.79.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.18 by $0.48. The firm had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS. On average, sell-side analysts predict that Ford Motor Company will post 1.64 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, May 12th. Ford Motor’s dividend payout ratio (DPR) is currently -38.71%.

Analyst Ratings Changes

F has been the topic of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research report on Wednesday. Zacks Research cut Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Morgan Stanley reiterated an “equal weight” rating and set a $14.00 price target on shares of Ford Motor in a research note on Wednesday, May 13th. Bank of America increased their price objective on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 29th. Finally, TD Cowen cut their price objective on Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.70.

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.