Malaga Cove Capital LLC Raises Stock Position in Ford Motor (NYSE:F)

Malaga Cove Capital LLC grew its position in Ford Motor (NYSE:F) by 187.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,817 shares of the auto manufacturer’s stock after buying an additional 22,689 shares during the period. Malaga Cove Capital LLC’s holdings in Ford Motor were worth $424,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in F. SVB Wealth LLC increased its position in shares of Ford Motor by 2.8% during the third quarter. SVB Wealth LLC now owns 65,267 shares of the auto manufacturer’s stock valued at $811,000 after acquiring an additional 1,756 shares during the last quarter. Dakota Wealth Management raised its position in Ford Motor by 80.5% in the third quarter. Dakota Wealth Management now owns 18,609 shares of the auto manufacturer’s stock valued at $231,000 after purchasing an additional 8,302 shares during the period. Foster & Motley Inc. lifted its stake in Ford Motor by 4.0% during the third quarter. Foster & Motley Inc. now owns 88,065 shares of the auto manufacturer’s stock worth $1,094,000 after purchasing an additional 3,351 shares in the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of Ford Motor by 180.8% during the third quarter. Stratos Wealth Advisors LLC now owns 103,404 shares of the auto manufacturer’s stock worth $1,284,000 after buying an additional 66,574 shares during the period. Finally, Total Clarity Wealth Management Inc. acquired a new stake in shares of Ford Motor in the third quarter valued at $450,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

F traded down $0.06 on Friday, reaching $12.43. The company had a trading volume of 47,463,317 shares, compared to its average volume of 54,173,800. The stock has a 50-day moving average price of $12.64 and a 200-day moving average price of $11.80. The stock has a market capitalization of $49.39 billion, a PE ratio of 12.81, a P/E/G ratio of 0.84 and a beta of 1.61. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The firm had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 EPS. As a group, research analysts forecast that Ford Motor will post 1.94 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.83%. Ford Motor’s payout ratio is 61.86%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on F shares. Barclays lifted their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Morgan Stanley lifted their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Redburn Atlantic assumed coverage on shares of Ford Motor in a report on Wednesday, January 24th. They set a “sell” rating and a $10.00 target price on the stock. Citigroup boosted their price target on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, UBS Group increased their price objective on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.74.

Insiders Place Their Bets

In related 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 transaction 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 SEC, which is accessible through this link. 0.80% of the stock is currently owned by insiders.

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.