Cornerstone Wealth Group LLC Makes New Investment in Ford Motor (NYSE:F)

Cornerstone Wealth Group LLC acquired a new position in shares of Ford Motor (NYSE:F) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,291 shares of the auto manufacturer’s stock, valued at approximately $150,000.

Several other institutional investors have also made changes to their positions in F. Founders Financial Securities LLC boosted its stake in shares of Ford Motor by 297.2% in the 1st quarter. Founders Financial Securities LLC now owns 67,684 shares of the auto manufacturer’s stock valued at $899,000 after purchasing an additional 50,643 shares in the last quarter. Foguth Wealth Management LLC. acquired a new position in shares of Ford Motor in the 1st quarter worth approximately $316,000. Hodges Capital Management Inc. grew its position in Ford Motor by 18.3% during the 1st quarter. Hodges Capital Management Inc. now owns 95,500 shares of the auto manufacturer’s stock worth $1,268,000 after acquiring an additional 14,750 shares during the last quarter. Calton & Associates Inc. increased its holdings in Ford Motor by 24.6% during the 1st quarter. Calton & Associates Inc. now owns 40,155 shares of the auto manufacturer’s stock valued at $533,000 after purchasing an additional 7,933 shares in the last quarter. Finally, Register Financial Advisors LLC boosted its stake in Ford Motor by 13.5% in the first quarter. Register Financial Advisors LLC now owns 12,491 shares of the auto manufacturer’s stock worth $166,000 after purchasing an additional 1,485 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Ford Motor Trading Up 2.5 %

Shares of Ford Motor stock traded up $0.31 during trading hours on Friday, hitting $12.54. The company’s stock had a trading volume of 65,914,694 shares, compared to its average volume of 43,732,484. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. The company has a market capitalization of $50.06 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 0.81 and a beta of 1.61. The stock has a 50 day moving average of $12.21 and a 200 day moving average of $12.24. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. Analysts predict that Ford Motor will post 2.02 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.78%. Ford Motor’s dividend payout ratio is presently 61.86%.

Insider Activity

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