Van Hulzen Asset Management LLC increased its stake in shares of Ford Motor (NYSE:F – Get Rating) by 8.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 35,342 shares of the auto manufacturer’s stock after purchasing an additional 2,607 shares during the period. Van Hulzen Asset Management LLC’s holdings in Ford Motor were worth $734,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. CVA Family Office LLC purchased a new stake in Ford Motor during the 4th quarter worth about $74,000. Brown Advisory Securities LLC raised its holdings in shares of Ford Motor by 36.4% in the 4th quarter. Brown Advisory Securities LLC now owns 15,000 shares of the auto manufacturer’s stock valued at $313,000 after acquiring an additional 4,000 shares in the last quarter. Spire Wealth Management raised its holdings in shares of Ford Motor by 122.4% in the 4th quarter. Spire Wealth Management now owns 145,728 shares of the auto manufacturer’s stock valued at $3,172,000 after acquiring an additional 80,213 shares in the last quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of Ford Motor by 10.6% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 391,575 shares of the auto manufacturer’s stock valued at $5,544,000 after acquiring an additional 37,560 shares in the last quarter. Finally, Asio Capital LLC purchased a new stake in shares of Ford Motor in the 3rd quarter valued at about $1,517,000. 50.76% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on F shares. Evercore ISI raised their price objective on Ford Motor from $16.00 to $18.00 in a report on Tuesday, January 4th. Citigroup reduced their price target on Ford Motor from $23.00 to $18.00 in a research report on Monday, March 28th. Morgan Stanley lifted their price target on Ford Motor from $12.00 to $13.00 and gave the company an “underweight” rating in a research report on Tuesday, February 8th. JPMorgan Chase & Co. lifted their price objective on Ford Motor from $20.00 to $23.00 in a research note on Wednesday, January 26th. Finally, Jefferies Financial Group lowered their price objective on Ford Motor from $20.00 to $18.00 and set a “hold” rating for the company in a research note on Tuesday, March 15th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.33.
Ford Motor (NYSE:F – Get Rating) last issued its earnings results on Thursday, February 3rd. The auto manufacturer reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.17). The firm had revenue of $35.30 billion during the quarter, compared to analysts’ expectations of $35.02 billion. Ford Motor had a return on equity of 18.55% and a net margin of 13.13%. During the same quarter last year, the business earned $0.34 EPS. On average, equities research analysts anticipate that Ford Motor will post 1.87 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Tuesday, April 26th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, April 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.48%. Ford Motor’s payout ratio is currently 9.03%.
In other news, insider William Clay Ford, Jr. bought 267,697 shares of Ford Motor stock in a transaction on Thursday, March 24th. The stock was acquired at an average price of $16.81 per share, with a total value of $4,499,986.57. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.71% of the company’s stock.
Ford Motor Company Profile (Get Rating)
Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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