Cullen Investment Group LTD. Makes New $391,000 Investment in Ford Motor (NYSE:F)

Cullen Investment Group LTD. bought a new position in shares of Ford Motor (NYSE:F) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 32,099 shares of the auto manufacturer’s stock, valued at approximately $391,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in F. Howard Capital Management Inc. bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $136,000. Vontobel Holding Ltd. boosted its position in shares of Ford Motor by 130.5% in the 4th quarter. Vontobel Holding Ltd. now owns 807,987 shares of the auto manufacturer’s stock worth $9,849,000 after purchasing an additional 457,475 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $163,000. Romano Brothers AND Company bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $148,000. Finally, Capital Advisors Inc. OK bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $2,031,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 3.0 %

Shares of NYSE:F opened at $12.23 on Tuesday. The stock has a market capitalization of $48.60 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.00 and a beta of 1.63. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20. The stock’s 50-day simple moving average is $12.63 and its two-hundred day simple moving average is $11.76. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42.

Ford Motor (NYSE:F) last announced its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.17. The business had revenue of $43.21 billion for the quarter, compared to analysts’ expectations of $43.06 billion. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. Analysts expect that Ford Motor will post 1.9 EPS for the current year.

Ford Motor Announces Dividend

The company also recently announced a Variable dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a $0.33 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a yield of 4.7%. Ford Motor’s payout ratio is 55.56%.

Insiders Place Their Bets

In other news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the transaction, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on F. UBS Group cut Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research report on Wednesday, January 17th. Redburn Atlantic started coverage on Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target for the company. Piper Sandler started coverage on Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective on the stock. Morgan Stanley increased their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $12.00 price objective on shares of Ford Motor in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.82.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company 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.