Ford Motor (NYSE:F) Shares Bought by Connectus Wealth LLC

Connectus Wealth LLC grew its position in shares of Ford Motor (NYSE:FFree Report) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,937 shares of the auto manufacturer’s stock after acquiring an additional 5,156 shares during the quarter. Connectus Wealth LLC’s holdings in Ford Motor were worth $1,694,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Ford Motor by 835.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 1,839 shares in the last quarter. Provence Wealth Management Group acquired a new stake in shares of Ford Motor in the third quarter valued at about $31,000. Headinvest LLC acquired a new stake in shares of Ford Motor in the third quarter valued at about $31,000. Orion Capital Management LLC acquired a new stake in shares of Ford Motor in the third quarter valued at about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Ford Motor in the third quarter valued at about $33,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the sale, the director now owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.40% of the company’s stock.

Ford Motor Trading Up 1.9 %

NYSE:F opened at $12.38 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. The business’s 50 day moving average is $12.44 and its two-hundred day moving average is $12.11. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42. The company has a market cap of $49.41 billion, a PE ratio of 12.76, a P/E/G ratio of 0.80 and a beta of 1.61.

Ford Motor (NYSE:FGet Free Report) last released its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The company had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. During the same quarter last year, the business posted $0.63 EPS. Ford Motor’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that Ford Motor will post 1.99 EPS for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend was Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on F. UBS Group increased their target price on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Piper Sandler began coverage on Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price for the company. Sanford C. Bernstein assumed coverage on Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 target price for the company. Royal Bank of Canada increased their price target on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. Finally, Morgan Stanley increased their price target on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.89.

Get Our Latest Analysis on Ford Motor

Ford Motor Profile

(Free Report)

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

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