Ford Motor (NYSE:F) Shares Bought by Plato Investment Management Ltd

Plato Investment Management Ltd raised its stake in Ford Motor (NYSE:F) by 280.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,172 shares of the auto manufacturer’s stock after purchasing an additional 84,909 shares during the quarter. Plato Investment Management Ltd’s holdings in Ford Motor were worth $1,529,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Fortis Group Advisors LLC lifted its holdings in shares of Ford Motor by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after acquiring an additional 1,086 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new position in Ford Motor in the 4th quarter worth $27,000. Financial Synergies Wealth Advisors Inc. lifted its holdings in Ford Motor by 1,997.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 1,938 shares in the last quarter. Fairman Group LLC acquired a new position in Ford Motor in the 4th quarter worth $31,000. Finally, Able Wealth Management LLC acquired a new position in Ford Motor in the 4th quarter worth $32,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Insider Buying and Selling

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were 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 of the company’s stock, valued at approximately $2,038,386.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.80% of the company’s stock.

Ford Motor Price Performance

F stock traded down $0.12 on Thursday, hitting $10.70. 60,397,192 shares of the company’s stock traded hands, compared to its average volume of 54,030,090. Ford Motor has a 1-year low of $9.63 and a 1-year high of $14.85. The stock has a market cap of $42.72 billion, a price-to-earnings ratio of 11.03, a P/E/G ratio of 0.76 and a beta of 1.62. The stock has a fifty day moving average of $12.47 and a 200-day moving average of $12.40. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $47.81 billion for the quarter, compared to analyst estimates of $47.79 billion. During the same period in the prior year, the company earned $0.72 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts forecast that Ford Motor will post 1.94 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date is Wednesday, August 7th. Ford Motor’s dividend payout ratio is 61.86%.

Analysts Set New Price Targets

F has been the subject of several research analyst reports. The Goldman Sachs Group dropped their target price on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. Sanford C. Bernstein initiated coverage on shares of Ford Motor in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 target price for the company. UBS Group boosted 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. Finally, Royal Bank of Canada boosted their target price 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus target price of $13.69.

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.