Annex Advisory Services LLC Buys 245,066 Shares of Ford Motor (NYSE:F)

Annex Advisory Services LLC lifted its stake in Ford Motor (NYSE:FFree Report) by 873.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 273,132 shares of the auto manufacturer’s stock after purchasing an additional 245,066 shares during the period. Annex Advisory Services LLC’s holdings in Ford Motor were worth $3,627,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Ford Motor by 835.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,839 shares during the last quarter. Fortis Group Advisors LLC grew its holdings in Ford Motor by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after acquiring an additional 1,086 shares in the last quarter. Voisard Asset Management Group Inc. bought a new position in Ford Motor during the 4th quarter worth about $27,000. Financial Synergies Wealth Advisors Inc. grew its holdings in Ford Motor by 1,997.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 1,938 shares in the last quarter. Finally, Headinvest LLC bought a new position in Ford Motor during the 3rd quarter worth about $31,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Performance

F stock traded down $0.14 during trading on Tuesday, reaching $12.09. The company had a trading volume of 17,557,205 shares, compared to its average volume of 51,014,371. The firm has a 50-day simple moving average of $12.19 and a 200-day simple moving average of $12.21. The company has a market cap of $48.27 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 0.76 and a beta of 1.61. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. Ford Motor has a twelve month low of $9.63 and a twelve month high of $15.42.

Ford Motor (NYSE:FGet Free Report) last released its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The company had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. During the same period last year, the business earned $0.63 EPS. Ford Motor’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, sell-side analysts expect that Ford Motor will post 2.02 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.96%. The ex-dividend date was Tuesday, May 7th. Ford Motor’s payout ratio is 61.86%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Barclays increased their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. UBS Group increased their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Sanford C. Bernstein assumed coverage on shares of Ford Motor in a report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 target price on the stock. Royal Bank of Canada raised their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. Finally, Citigroup raised their price target on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $13.89.

Read Our Latest Stock Report on Ford Motor

Insider Buying and Selling at Ford Motor

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of Ford Motor stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the sale, the director now directly owns 168,601 shares in the company, valued at approximately $2,038,386.09. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.80% of the company’s stock.

Ford Motor Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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