Founders Financial Securities LLC Raises Stock Position in Ford Motor (NYSE:F)

Founders Financial Securities LLC lifted its stake in Ford Motor (NYSE:F) by 297.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,684 shares of the auto manufacturer’s stock after purchasing an additional 50,643 shares during the period. Founders Financial Securities LLC’s holdings in Ford Motor were worth $899,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Newport Trust Company LLC raised its holdings in Ford Motor by 4.5% in the fourth quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after purchasing an additional 6,667,808 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ford Motor by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 87,661,675 shares of the auto manufacturer’s stock worth $1,068,596,000 after acquiring an additional 269,887 shares in the last quarter. Fisher Asset Management LLC lifted its position in Ford Motor by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock valued at $721,065,000 after acquiring an additional 3,522,965 shares during the period. Norges Bank bought a new stake in Ford Motor during the fourth quarter worth about $475,899,000. Finally, Dimensional Fund Advisors LP grew its holdings in Ford Motor by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 27,314,520 shares of the auto manufacturer’s stock worth $333,014,000 after purchasing an additional 528,823 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

F stock traded up $0.31 during midday trading 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 firm has a market capitalization of $50.06 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 0.79 and a beta of 1.61. 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 has a 12 month low of $9.63 and a 12 month high of $15.42. The company has a 50 day moving average of $12.21 and a two-hundred day moving average of $12.24.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The business had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. The business’s revenue was up 3.1% on a year-over-year basis. On average, analysts expect that Ford Motor will post 2.02 EPS for the current year.

Ford Motor Announces Dividend

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

Insider Activity

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of Ford Motor stock in a transaction that occurred 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 completion of the transaction, the director now 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 available through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on F. Sanford C. Bernstein began coverage on Ford Motor in a report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price target for the company. Royal Bank of Canada lifted their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. Piper Sandler initiated coverage on shares of Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price target on the stock. UBS Group boosted their price objective 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. Finally, Citigroup increased their target price on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $13.89.

Ford Motor Company Profile

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.