MFG Wealth Management Inc. Buys Shares of 166,077 Ford Motor Company $F

MFG Wealth Management Inc. purchased a new stake in shares of Ford Motor Company (NYSE:F) during the fourth quarter, Holdings Channel.com reports. The fund purchased 166,077 shares of the auto manufacturer’s stock, valued at approximately $2,179,000. Ford Motor makes up about 1.7% of MFG Wealth Management Inc.’s investment portfolio, making the stock its 27th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Corsicana & Co. purchased a new stake in Ford Motor in the 3rd quarter worth about $25,000. Salomon & Ludwin LLC lifted its holdings in Ford Motor by 86.6% during the third quarter. Salomon & Ludwin LLC now owns 2,333 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 1,083 shares during the last quarter. Johnson Financial Group Inc. boosted its position in Ford Motor by 55.4% during the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after purchasing an additional 837 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Ford Motor in the third quarter worth about $32,000. Finally, Capital A Wealth Management LLC increased its stake in shares of Ford Motor by 990.9% in the second quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 2,279 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on F. Weiss Ratings restated a “buy (b-)” rating on shares of Ford Motor in a research note on Monday, December 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Morgan Stanley boosted their target price on shares of Ford Motor from $11.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Royal Bank Of Canada restated a “sector perform” rating and set a $12.00 target price on shares of Ford Motor in a research report on Wednesday, February 11th. Finally, Zacks Research lowered Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.29.

Ford Motor Price Performance

F stock opened at $11.51 on Friday. The firm has a 50 day moving average of $13.34 and a 200-day moving average of $12.92. The firm has a market capitalization of $45.90 billion, a P/E ratio of -5.58, a price-to-earnings-growth ratio of 0.27 and a beta of 1.65. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $14.80. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 2.95.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The business had revenue of $45.89 billion for the quarter, compared to analyst estimates of $41.78 billion. During the same quarter in the prior year, the firm posted $0.39 EPS. Ford Motor’s revenue was down 4.8% on a year-over-year basis. As a group, sell-side analysts predict that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 5.2%. Ford Motor’s dividend payout ratio is presently -29.13%.

Insider Buying and Selling at Ford Motor

In other Ford Motor news, insider William Clay Ford, Jr. acquired 140,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average price of $13.82 per share, for a total transaction of $1,934,800.00. Following the completion of the transaction, the insider owned 3,912,600 shares of the company’s stock, valued at approximately $54,072,132. This represents a 3.71% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.48% of the company’s stock.

Ford Motor Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.