Steinberg Global Asset Management Purchases New Holdings in Ford Motor (F)
Steinberg Global Asset Management purchased a new position in shares of Ford Motor (NYSE:F) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 403,385 shares of the auto manufacturer’s stock, valued at approximately $4,470,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Columbia Asset Management increased its stake in shares of Ford Motor by 25.3% in the 4th quarter. Columbia Asset Management now owns 83,306 shares of the auto manufacturer’s stock valued at $637,000 after acquiring an additional 16,802 shares in the last quarter. Norges Bank bought a new stake in shares of Ford Motor in the 4th quarter valued at $161,692,000. Virtu Financial LLC increased its stake in shares of Ford Motor by 529.3% in the 4th quarter. Virtu Financial LLC now owns 251,828 shares of the auto manufacturer’s stock valued at $1,926,000 after acquiring an additional 211,812 shares in the last quarter. Frontier Investment Mgmt Co. increased its stake in shares of Ford Motor by 4.7% in the 4th quarter. Frontier Investment Mgmt Co. now owns 55,802 shares of the auto manufacturer’s stock valued at $427,000 after acquiring an additional 2,504 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Ford Motor in the 4th quarter valued at $4,001,000. Hedge funds and other institutional investors own 53.22% of the company’s stock.
F stock traded down $0.12 during midday trading on Monday, reaching $9.33. 40,773,371 shares of the company’s stock traded hands, compared to its average volume of 42,772,867. The firm has a market capitalization of $36.99 billion, a PE ratio of 7.18, a price-to-earnings-growth ratio of 0.86 and a beta of 1.04. The company has a current ratio of 1.20, a quick ratio of 1.08 and a debt-to-equity ratio of 2.80. Ford Motor has a 52 week low of $7.41 and a 52 week high of $12.15.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date of this dividend is Tuesday, April 23rd. Ford Motor’s dividend payout ratio is 46.15%.
Several analysts have recently weighed in on F shares. Zacks Investment Research lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. BMO Capital Markets reiterated a “hold” rating and issued a $8.50 price objective on shares of Ford Motor in a research note on Monday, January 7th. Citigroup reiterated a “reduce” rating on shares of Ford Motor in a research note on Wednesday, April 10th. ValuEngine upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Finally, Barclays set a $9.00 price objective on shares of Ford Motor and gave the company a “hold” rating in a research note on Friday, January 4th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $10.26.
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Ford Motor Profile
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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