KLP Kapitalforvaltning AS Buys Shares of 1,308,313 Ford Motor (NYSE:F)

KLP Kapitalforvaltning AS bought a new stake in shares of Ford Motor (NYSE:F) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,308,313 shares of the auto manufacturer’s stock, valued at approximately $12,952,000.

Several other large investors have also modified their holdings of the business. Hager Investment Management Services LLC purchased a new stake in shares of Ford Motor in the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Ford Motor in the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Ford Motor in the fourth quarter valued at approximately $30,000. Kentucky Trust Co purchased a new stake in shares of Ford Motor in the fourth quarter valued at approximately $31,000. Finally, Crewe Advisors LLC boosted its holdings in shares of Ford Motor by 169.9% in the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after purchasing an additional 2,068 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

F has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Royal Bank of Canada lowered their target price on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Finally, Bank of America lowered their target price on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.50.

Ford Motor Stock Performance

Shares of F stock opened at $10.05 on Monday. The firm has a market capitalization of $39.81 billion, a price-to-earnings ratio of 6.88, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The business has a fifty day moving average of $9.73 and a 200 day moving average of $10.29. Ford Motor has a 1 year low of $9.06 and a 1 year high of $14.85.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, research analysts expect that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 5.97%. Ford Motor’s dividend payout ratio (DPR) is 41.10%.

Ford Motor 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.