Gerber Kawasaki Wealth & Investment Management Purchases Shares of 41,175 Ford Motor Company $F

Gerber Kawasaki Wealth & Investment Management acquired a new stake in Ford Motor Company (NYSE:F) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 41,175 shares of the auto manufacturer’s stock, valued at approximately $492,000.

A number of other hedge funds have also recently made changes to their positions in F. Corsicana & Co. purchased a new stake in shares of Ford Motor during the third quarter worth about $25,000. Salomon & Ludwin LLC lifted its holdings in Ford Motor by 86.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,333 shares of the auto manufacturer’s stock worth $30,000 after purchasing an additional 1,083 shares in the last quarter. Capital A Wealth Management LLC boosted its stake in Ford Motor by 990.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 2,279 shares during the period. Country Trust Bank bought a new position in Ford Motor in the 2nd quarter worth approximately $27,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in Ford Motor during the 2nd quarter valued at approximately $30,000. Institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on F shares. Bank of America began coverage on shares of Ford Motor in a research report on Wednesday, March 4th. They set a “buy” rating and a $17.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Evercore lifted their price target on shares of Ford Motor from $12.00 to $14.00 and gave the company an “in-line” rating in a report on Monday, December 22nd. Piper Sandler raised shares of Ford Motor from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $11.00 to $16.00 in a report on Thursday, January 8th. Finally, HSBC raised their price objective on Ford Motor from $9.80 to $12.80 and gave the company a “hold” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.29.

Insider Activity at Ford Motor

In related news, insider William Clay Ford, Jr. purchased 140,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average price of $13.82 per share, for a total transaction of $1,934,800.00. Following the completion of the transaction, the insider owned 3,912,600 shares in the company, valued at approximately $54,072,132. The trade was a 3.71% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.48% of the company’s stock.

Ford Motor Trading Up 0.0%

Shares of F opened at $12.16 on Tuesday. The stock has a market capitalization of $48.49 billion, a PE ratio of -5.90, a P/E/G ratio of 0.28 and a beta of 1.65. The company’s fifty day moving average is $13.66 and its 200 day moving average is $12.93. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.94 and a current ratio of 1.07. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $14.80.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, February 11th. The auto manufacturer reported $0.13 EPS for the quarter, beating the consensus estimate of $0.06 by $0.07. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The business had revenue of $45.89 billion during the quarter, compared to analyst estimates of $41.78 billion. During the same quarter last year, the business earned $0.39 earnings per share. Ford Motor’s quarterly revenue was down 4.8% compared to the same quarter last year. Sell-side analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.9%. Ford Motor’s dividend payout ratio (DPR) is presently -29.13%.

Ford Motor Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.