CHICAGO TRUST Co NA acquired a new position in Ford Motor (NYSE:F – Get Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,805 shares of the auto manufacturer’s stock, valued at approximately $224,000.
Several other large investors also recently made changes to their positions in F. RB Capital Management LLC boosted its stake in shares of Ford Motor by 14.6% in the first quarter. RB Capital Management LLC now owns 27,339 shares of the auto manufacturer’s stock valued at $462,000 after purchasing an additional 3,477 shares during the period. Fairfield Bush & CO. purchased a new position in shares of Ford Motor in the first quarter valued at $37,000. Synovus Financial Corp boosted its stake in shares of Ford Motor by 275.4% in the first quarter. Synovus Financial Corp now owns 111,481 shares of the auto manufacturer’s stock valued at $1,886,000 after purchasing an additional 81,783 shares during the period. Blair William & Co. IL boosted its stake in shares of Ford Motor by 17.3% in the first quarter. Blair William & Co. IL now owns 325,778 shares of the auto manufacturer’s stock valued at $5,509,000 after purchasing an additional 47,959 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Ford Motor by 3.0% in the first quarter. Canada Pension Plan Investment Board now owns 564,002 shares of the auto manufacturer’s stock valued at $9,537,000 after purchasing an additional 16,498 shares during the period. Institutional investors and hedge funds own 53.20% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. TheStreet upgraded shares of Ford Motor from a “c+” rating to a “b” rating in a research note on Tuesday, May 2nd. Daiwa Capital Markets upgraded shares of Ford Motor from an “underperform” rating to a “neutral” rating and set a $12.00 price objective on the stock in a research note on Thursday, May 25th. Benchmark increased their price objective on shares of Ford Motor from $19.00 to $20.00 in a research note on Wednesday, May 3rd. Jefferies Financial Group upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and increased their price objective for the company from $13.00 to $16.00 in a research note on Tuesday, May 30th. Finally, Citigroup upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $12.80 to $16.00 in a research note on Monday, June 5th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.78.
Ford Motor Stock Down 1.4 %
Ford Motor (NYSE:F – Get Rating) last released its quarterly earnings data on Tuesday, May 2nd. The auto manufacturer reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.27. Ford Motor had a net margin of 1.75% and a return on equity of 19.99%. The business had revenue of $39.09 billion for the quarter, compared to analysts’ expectations of $37.42 billion. During the same quarter last year, the company earned $0.38 EPS. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. As a group, sell-side analysts predict that Ford Motor will post 1.74 EPS for the current year.
Ford Motor Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, April 26th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, April 25th. This represents a $0.60 annualized dividend and a yield of 4.28%. Ford Motor’s payout ratio is 84.51%.
About Ford Motor
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.
Recommended Stories
- Get a free research report on Ford Motor from StockNews.com
- Smartsheet Investors’ Hasty Exit Can Be Your Gain
- Agilent Technologies Stock: Ready to Rise off the Floor
- Oilfield Services Growing Faster Than Wider Energy Sector
- La-Z-Boy Reclines To The Buy Zone As Industry Normalizes
- Five stocks we like better than Ford Motor
Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.
