Pinnacle Associates Ltd. raised its stake in Ford Motor (NYSE:F) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,730 shares of the auto manufacturer’s stock after acquiring an additional 5,941 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Ford Motor were worth $1,495,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Mutual Advisors LLC acquired a new position in shares of Ford Motor in the fourth quarter valued at approximately $347,000. Brown Advisory Securities LLC lifted its holdings in shares of Ford Motor by 77.1% in the 4th quarter. Brown Advisory Securities LLC now owns 58,066 shares of the auto manufacturer’s stock worth $724,000 after purchasing an additional 25,287 shares in the last quarter. West Chester Capital Advisors Inc. bought a new position in shares of Ford Motor in the 4th quarter worth $941,000. State of Tennessee Treasury Department lifted its holdings in shares of Ford Motor by 13.9% in the 4th quarter. State of Tennessee Treasury Department now owns 2,323,657 shares of the auto manufacturer’s stock worth $29,022,000 after purchasing an additional 283,997 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its holdings in shares of Ford Motor by 1.8% in the 4th quarter. Pzena Investment Management LLC now owns 25,856,377 shares of the auto manufacturer’s stock worth $322,946,000 after purchasing an additional 446,561 shares in the last quarter. 54.94% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Thursday, February 15th. ValuEngine lowered Ford Motor from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Nomura decreased their target price on Ford Motor to $11.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.00 target price for the company. in a research report on Monday, January 29th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $14.00 target price on shares of Ford Motor in a research report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $12.54.
Ford Motor (NYSE:F) last posted its earnings results on Wednesday, January 24th. The auto manufacturer reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). The company had revenue of $38.50 billion for the quarter, compared to analysts’ expectations of $36.96 billion. Ford Motor had a net margin of 4.85% and a return on equity of 21.71%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 EPS. analysts forecast that Ford Motor will post 1.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, January 30th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date is Monday, January 29th. Ford Motor’s payout ratio is presently 31.58%.
In other news, insider Hau N. Thai-Tang sold 18,000 shares of Ford Motor stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $13.00, for a total transaction of $234,000.00. Following the completion of the sale, the insider now owns 14,358 shares in the company, valued at approximately $186,654. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Steven R. Armstrong sold 10,752 shares of Ford Motor stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $12.32, for a total value of $132,464.64. Following the sale, the insider now owns 101,159 shares of the company’s stock, valued at approximately $1,246,278.88. The disclosure for this sale can be found here. Insiders have sold a total of 47,752 shares of company stock valued at $603,965 in the last ninety days. Insiders own 1.08% of the company’s stock.
About Ford Motor
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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