Contravisory Investment Management Inc. Buys New Position in Ford Motor Company $F

Contravisory Investment Management Inc. purchased a new position in shares of Ford Motor Company (NYSE:F) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 581,059 shares of the auto manufacturer’s stock, valued at approximately $6,705,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Grove Bank & Trust raised its position in Ford Motor by 110.7% in the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,000 shares during the last quarter. MV Capital Management Inc. purchased a new position in Ford Motor during the 4th quarter worth $25,000. Olistico Wealth LLC purchased a new position in Ford Motor during the 4th quarter worth $26,000. McMillan Office Inc. acquired a new position in Ford Motor in the fourth quarter valued at $26,000. Finally, Johnson Financial Group Inc. raised its holdings in shares of Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after buying an additional 837 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 2.2%

F stock opened at $14.14 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The company’s 50-day moving average price is $13.85 and its 200 day moving average price is $13.36. Ford Motor Company has a 52 week low of $10.47 and a 52 week high of $17.78. The company has a market cap of $56.34 billion, a P/E ratio of -9.12, a P/E/G ratio of 0.30 and a beta of 1.79.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. The business had revenue of $43.25 billion for the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. On average, research analysts expect that Ford Motor Company will post 1.64 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 annualized dividend and a yield of 4.2%. Ford Motor’s dividend payout ratio (DPR) is -38.71%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on F. Royal Bank Of Canada restated a “sector perform” rating and issued a $13.00 price target on shares of Ford Motor in a research report on Friday, May 15th. Zacks Research cut Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Morgan Stanley reissued an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a report on Wednesday, May 13th. Citigroup upped their price target on Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Finally, UBS Group increased their price target on Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.70.

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.