Allworth Financial LP increased its holdings in Ford Motor (NYSE:F – Free Report) by 15.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,229 shares of the auto manufacturer’s stock after purchasing an additional 13,181 shares during the period. Allworth Financial LP’s holdings in Ford Motor were worth $1,263,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of F. RB Capital Management LLC increased its holdings in shares of Ford Motor by 14.6% during the first quarter. RB Capital Management LLC now owns 27,339 shares of the auto manufacturer’s stock worth $462,000 after buying an additional 3,477 shares in the last quarter. Fairfield Bush & CO. acquired a new stake in shares of Ford Motor during the first quarter worth approximately $37,000. Synovus Financial Corp increased its holdings in shares of Ford Motor by 275.4% during the first quarter. Synovus Financial Corp now owns 111,481 shares of the auto manufacturer’s stock worth $1,886,000 after buying an additional 81,783 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Ford Motor by 17.3% during the first quarter. Blair William & Co. IL now owns 325,778 shares of the auto manufacturer’s stock worth $5,509,000 after buying an additional 47,959 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Ford Motor by 3.0% during 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 last quarter. Institutional investors and hedge funds own 53.20% of the company’s stock.
Ford Motor Trading Up 1.2 %
F opened at $15.13 on Friday. The firm’s fifty day moving average is $12.72 and its two-hundred day moving average is $12.52. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.03 and a current ratio of 1.20. The firm has a market cap of $60.53 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 1.37 and a beta of 1.54. Ford Motor has a twelve month low of $10.61 and a twelve month high of $16.68.
Ford Motor Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, April 26th were issued a $0.15 dividend. The ex-dividend date was Tuesday, April 25th. This represents a $0.60 annualized dividend and a yield of 3.97%. Ford Motor’s dividend payout ratio (DPR) is presently 84.51%.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Citigroup raised shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price target for the company from $12.80 to $16.00 in a research note on Monday, June 5th. TheStreet raised shares of Ford Motor from a “c+” rating to a “b” rating in a research note on Tuesday, May 2nd. Jefferies Financial Group raised shares of Ford Motor from a “hold” rating to a “buy” rating and increased their price target for the company from $13.00 to $16.00 in a research note on Tuesday, May 30th. Daiwa Capital Markets raised shares of Ford Motor from an “underperform” rating to a “neutral” rating and set a $12.00 price target on the stock in a research note on Thursday, May 25th. Finally, StockNews.com assumed coverage on shares of Ford Motor in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.78.
Ford Motor Company Profile
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.
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