Nalls Sherbakoff Group LLC Takes $190,000 Position in Ford Motor (F)
Nalls Sherbakoff Group LLC acquired a new stake in Ford Motor (NYSE:F) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 24,810 shares of the auto manufacturer’s stock, valued at approximately $190,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Howe & Rusling Inc. lifted its stake in Ford Motor by 173.0% in the 4th quarter. Howe & Rusling Inc. now owns 3,631 shares of the auto manufacturer’s stock valued at $28,000 after acquiring an additional 2,301 shares in the last quarter. Lavaca Capital LLC bought a new stake in shares of Ford Motor during the 4th quarter worth approximately $32,000. Ipswich Investment Management Co. Inc. bought a new stake in shares of Ford Motor during the 4th quarter worth approximately $37,000. First Mercantile Trust Co. bought a new stake in shares of Ford Motor during the 4th quarter worth approximately $39,000. Finally, Nelson Roberts Investment Advisors LLC bought a new stake in shares of Ford Motor during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 53.22% of the company’s stock.
NYSE F traded up $0.07 on Monday, reaching $8.61. The stock had a trading volume of 249,744 shares, compared to its average volume of 45,529,788. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.20 and a quick ratio of 1.08. Ford Motor has a 1-year low of $7.41 and a 1-year high of $12.15. The firm has a market cap of $33.93 billion, a price-to-earnings ratio of 6.63, a P/E/G ratio of 0.78 and a beta of 1.04.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, January 31st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.97%. The ex-dividend date was Wednesday, January 30th. Ford Motor’s dividend payout ratio is 46.15%.
F has been the topic of a number of analyst reports. BMO Capital Markets reiterated a “hold” rating and set a $8.50 price objective on shares of Ford Motor in a research note on Monday, January 7th. Zacks Investment Research lowered Ford Motor from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. ValuEngine raised Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Barclays set a $9.00 target price on Ford Motor and gave the stock a “hold” rating in a report on Friday, January 4th. Finally, Deutsche Bank initiated coverage on Ford Motor in a report on Thursday, December 13th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. Ford Motor currently has an average rating of “Hold” and a consensus target price of $10.29.
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About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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