Prosperity Consulting Group LLC Acquires 15,435 Shares of Ford Motor (NYSE:F)

Prosperity Consulting Group LLC lifted its holdings in shares of Ford Motor (NYSE:F) by 29.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,479 shares of the auto manufacturer’s stock after acquiring an additional 15,435 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Ford Motor were worth $896,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its holdings in Ford Motor by 835.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,839 shares in the last quarter. Fortis Group Advisors LLC grew its stake in shares of Ford Motor by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after acquiring an additional 1,086 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new stake in shares of Ford Motor in the fourth quarter worth $27,000. Financial Synergies Wealth Advisors Inc. grew its stake in shares of Ford Motor by 1,997.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 1,938 shares during the last quarter. Finally, Headinvest LLC purchased a new stake in shares of Ford Motor in the third quarter worth $31,000. Institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

F has been the topic of a number of recent research reports. Sanford C. Bernstein initiated coverage on Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 target price on the stock. Barclays increased their target price on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Citigroup increased their target price on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. 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 report on Thursday, April 25th. Finally, Royal Bank of Canada increased their price objective on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.89.

Insider Transactions at Ford Motor

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction dated 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 owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.40% of the company’s stock.

Ford Motor Stock Performance

F stock traded down $0.03 during trading on Friday, reaching $12.84. The stock had a trading volume of 31,589,285 shares, compared to its average volume of 42,213,956. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42. The stock’s 50 day moving average is $12.20 and its two-hundred day moving average is $12.27. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The firm has a market cap of $51.26 billion, a PE ratio of 13.24, a PEG ratio of 0.83 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The company had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. During the same quarter in the prior year, the company earned $0.63 earnings per share. Ford Motor’s revenue was up 3.1% on a year-over-year basis. As a group, equities analysts anticipate that Ford Motor will post 2.02 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.67%. The ex-dividend date was Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) is currently 61.86%.

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.