Natixis Advisors LLC raised its position in Ford Motor Company (NYSE:F – Free Report) by 6.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,499,534 shares of the auto manufacturer’s stock after buying an additional 95,372 shares during the period. Natixis Advisors LLC’s holdings in Ford Motor were worth $17,934,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the company. Corsicana & Co. acquired a new stake in shares of Ford Motor during the 3rd quarter valued at about $25,000. Country Trust Bank acquired a new position in Ford Motor in the 2nd quarter worth about $27,000. Capital A Wealth Management LLC boosted its position in Ford Motor by 990.9% during the second 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 in the last quarter. Atlantic Union Bankshares Corp purchased a new position in Ford Motor during the second quarter worth approximately $30,000. Finally, Salomon & Ludwin LLC grew its holdings in Ford Motor by 86.6% in the third quarter. Salomon & Ludwin LLC now owns 2,333 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 1,083 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on F. HSBC boosted 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. Morgan Stanley lifted their price target on shares of Ford Motor from $11.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. Evercore boosted their price target on shares of Ford Motor from $12.00 to $14.00 and gave the stock an “in-line” rating in a report on Monday, December 22nd. Barclays upped their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus target price of $13.29.
Insider Transactions at Ford Motor
In other Ford Motor news, insider William Clay Ford, Jr. acquired 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, with a total value of $1,934,800.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.48% of the company’s stock.
Ford Motor Stock Down 1.2%
Shares of F opened at $12.10 on Thursday. The stock has a 50 day moving average price of $13.62 and a 200 day moving average price of $12.93. Ford Motor Company has a one year low of $8.44 and a one year high of $14.80. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.94 and a current ratio of 1.07. The stock has a market capitalization of $48.25 billion, a price-to-earnings ratio of -5.87, a PEG ratio of 0.29 and a beta of 1.65.
Ford Motor (NYSE:F – Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.The company had revenue of $45.89 billion for the quarter, compared to analyst estimates of $41.78 billion. During the same quarter last year, the firm posted $0.39 EPS. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. Equities research analysts forecast 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 given a dividend of $0.15 per share. The ex-dividend date was Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a yield of 5.0%. Ford Motor’s payout ratio is presently -29.13%.
Ford Motor Company 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.
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