Burleson & Company LLC Buys Shares of 3,562 Ford Motor (NYSE:F)

Burleson & Company LLC bought a new position in Ford Motor (NYSE:F) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,562 shares of the auto manufacturer’s stock, valued at approximately $44,000.

Other hedge funds have also modified their holdings of the company. Westside Investment Management Inc. lifted its position in Ford Motor by 48.6% in the 1st quarter. Westside Investment Management Inc. now owns 38,995 shares of the auto manufacturer’s stock worth $128,974,000 after buying an additional 12,745 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in Ford Motor by 241.5% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,800,000 shares of the auto manufacturer’s stock valued at $58,800,000 after purchasing an additional 3,394,640 shares in the last quarter. CENTRAL TRUST Co raised its stake in shares of Ford Motor by 3,099.0% during the 1st quarter. CENTRAL TRUST Co now owns 202,817 shares of the auto manufacturer’s stock worth $2,484,000 after purchasing an additional 196,477 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of Ford Motor by 7.9% during the 4th quarter. Truist Financial Corp now owns 814,509 shares of the auto manufacturer’s stock valued at $7,159,000 after buying an additional 59,895 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Ford Motor by 402.1% in the fourth quarter. First Horizon Advisors Inc. now owns 249,989 shares of the auto manufacturer’s stock worth $2,197,000 after buying an additional 200,197 shares during the last quarter. Institutional investors and hedge funds own 51.94% of the company’s stock.

NYSE:F opened at $15.11 on Friday. The firm has a market capitalization of $60.31 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 0.73 and a beta of 1.16. The company has a debt-to-equity ratio of 3.04, a current ratio of 1.21 and a quick ratio of 1.07. Ford Motor has a 12-month low of $5.74 and a 12-month high of $16.45. The business has a 50-day simple moving average of $12.84.

Ford Motor (NYSE:F) last issued its earnings results on Tuesday, April 27th. The auto manufacturer reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.73. Ford Motor had a return on equity of 19.04% and a net margin of 3.07%. The business had revenue of $33.55 billion during the quarter, compared to analysts’ expectations of $32.72 billion. During the same period in the prior year, the firm posted ($0.23) EPS. Ford Motor’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities research analysts expect that Ford Motor will post 1 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on the stock. Barclays upgraded shares of Ford Motor from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $9.00 to $16.00 in a report on Thursday, March 25th. JPMorgan Chase & Co. upped their price target on Ford Motor from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, June 4th. Jefferies Financial Group raised their price objective on Ford Motor from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, March 29th. They noted that the move was a valuation call. Evercore ISI upped their target price on Ford Motor from $11.00 to $13.00 and gave the stock an “in-line” rating in a research report on Wednesday, April 14th. They noted that the move was a valuation call. Finally, Royal Bank of Canada raised shares of Ford Motor from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $13.00 to $17.00 in a research report on Thursday, May 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $12.96.

In other Ford Motor news, insider Kiersten Robinson sold 60,000 shares of the business’s stock in a transaction dated Friday, June 4th. The shares were sold at an average price of $16.20, for a total value of $972,000.00. Following the transaction, the insider now directly owns 109,691 shares in the company, valued at $1,776,994.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.90% of the stock is currently owned by corporate insiders.

About Ford Motor

Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury 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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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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