MCF Advisors LLC Takes $100,000 Position in Ford Motor (F)
MCF Advisors LLC bought a new position in Ford Motor (NYSE:F) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 11,336 shares of the auto manufacturer’s stock, valued at approximately $100,000.
Several other institutional investors also recently made changes to their positions in F. Norges Bank purchased a new position in shares of Ford Motor in the 4th quarter worth approximately $161,692,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of Ford Motor by 572.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,763,660 shares of the auto manufacturer’s stock worth $2,583,000 after purchasing an additional 16,825,955 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Ford Motor by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 52,343,847 shares of the auto manufacturer’s stock worth $399,887,000 after purchasing an additional 3,950,938 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Ford Motor by 147.8% in the 1st quarter. SG Americas Securities LLC now owns 1,162,396 shares of the auto manufacturer’s stock worth $10,206,000 after purchasing an additional 3,593,791 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Ford Motor by 4,908.8% during the 4th quarter. Millennium Management LLC now owns 3,259,172 shares of the auto manufacturer’s stock worth $24,933,000 after acquiring an additional 3,326,947 shares during the last quarter. Hedge funds and other institutional investors own 52.77% of the company’s stock.
Shares of F stock traded up $0.14 on Thursday, reaching $10.39. 12,092,691 shares of the company’s stock were exchanged, compared to its average volume of 43,433,285. Ford Motor has a 52 week low of $7.41 and a 52 week high of $12.15. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.10 and a current ratio of 1.22. The firm has a market capitalization of $40.05 billion, a P/E ratio of 7.99, a P/E/G ratio of 1.00 and a beta of 1.12.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, April 24th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date is Tuesday, April 23rd. Ford Motor’s dividend payout ratio (DPR) is presently 46.15%.
A number of equities research analysts recently issued reports on the company. Jefferies Financial Group raised Ford Motor to a “buy” rating and raised their price target for the stock from $11.00 to $12.50 in a research note on Tuesday, April 30th. TheStreet raised Ford Motor from a “c” rating to a “b-” rating in a research note on Thursday, April 25th. Bank of America raised Ford Motor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $13.00 to $14.00 in a research note on Friday, May 10th. Seaport Global Securities assumed coverage on Ford Motor in a research note on Wednesday, February 13th. They set a “neutral” rating and a $8.46 price target for the company. They noted that the move was a valuation call. Finally, Morgan Stanley set a $10.00 price target on Ford Motor and gave the stock a “hold” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $10.48.
In other Ford Motor news, VP Catherine A. O’callaghan sold 53,000 shares of Ford Motor stock in a transaction on Monday, April 29th. The stock was sold at an average price of $10.33, for a total transaction of $547,490.00. Following the completion of the sale, the vice president now directly owns 48,275 shares of the company’s stock, valued at approximately $498,680.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John C. Lechleiter bought 10,000 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were purchased at an average cost of $10.32 per share, with a total value of $103,200.00. Following the completion of the transaction, the director now owns 55,000 shares in the company, valued at $567,600. The disclosure for this purchase can be found here. Insiders own 0.83% of the company’s stock.
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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