Navellier & Associates Inc. Makes New Investment in Ford Motor (NYSE:F)

Navellier & Associates Inc. purchased a new position in shares of Ford Motor (NYSE:FGet Rating) in the 4th quarter, Holdings Channel.com reports. The fund purchased 236,711 shares of the auto manufacturer’s stock, valued at approximately $4,916,000.

A number of other large investors have also recently made changes to their positions in F. Sterling Investment Advisors Ltd. acquired a new stake in shares of Ford Motor in the fourth quarter valued at about $27,000. Retirement Planning Co of New England Inc. acquired a new stake in shares of Ford Motor in the fourth quarter valued at about $28,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Ford Motor in the fourth quarter valued at about $31,000. West Bancorporation Inc. acquired a new stake in shares of Ford Motor in the fourth quarter valued at about $42,000. Finally, Trust Co. of Vermont acquired a new stake in shares of Ford Motor in the fourth quarter valued at about $47,000. Institutional investors own 52.35% of the company’s stock.

A number of research analysts recently commented on F shares. Zacks Investment Research raised Ford Motor from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Wednesday, February 2nd. Tigress Financial increased their price target on Ford Motor from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, May 20th. Exane BNP Paribas started coverage on Ford Motor in a report on Monday, April 11th. They issued an “outperform” rating for the company. TheStreet downgraded Ford Motor from a “b” rating to a “c+” rating in a report on Wednesday, April 27th. Finally, Wells Fargo & Company downgraded Ford Motor from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $24.00 to $12.00 in a report on Wednesday, May 11th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $18.76.

In other news, insider William Clay Ford, Jr. bought 267,697 shares of the stock in a transaction on Thursday, March 24th. The shares were purchased at an average price of $16.81 per share, for a total transaction of $4,499,986.57. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Motor Co Ford sold 8,000,000 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $26.80, for a total value of $214,400,000.00. Following the completion of the transaction, the insider now owns 93,947,494 shares in the company, valued at approximately $2,517,792,839.20. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Shares of F stock traded up $0.39 on Thursday, reaching $13.10. 1,900,370 shares of the company’s stock traded hands, compared to its average volume of 90,065,617. Ford Motor has a 12-month low of $12.07 and a 12-month high of $25.87. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.01 and a current ratio of 1.17. The company has a market capitalization of $52.66 billion, a P/E ratio of 4.48, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. The business’s 50 day moving average price is $15.01 and its two-hundred day moving average price is $18.08.

Ford Motor (NYSE:FGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The auto manufacturer reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Ford Motor had a net margin of 8.57% and a return on equity of 12.46%. The business had revenue of $32.11 billion for the quarter, compared to analysts’ expectations of $30.39 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. Research analysts predict that Ford Motor will post 1.92 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Tuesday, April 26th will be issued 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 3.05%. Ford Motor’s dividend payout ratio is 14.08%.

Ford Motor 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.

Further Reading

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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