Allstate Corp Purchases 154,894 Shares of Ford Motor Company $F

Allstate Corp boosted its stake in Ford Motor Company (NYSE:F) by 106.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 300,787 shares of the auto manufacturer’s stock after acquiring an additional 154,894 shares during the quarter. Allstate Corp’s holdings in Ford Motor were worth $3,946,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in F. Mirae Asset Global Investments Co. Ltd. grew its holdings in Ford Motor by 2.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,345,131 shares of the auto manufacturer’s stock worth $57,008,000 after acquiring an additional 103,423 shares during the last quarter. Caprock Group LLC bought a new stake in Ford Motor during the 3rd quarter worth approximately $893,000. Versor Investments LP bought a new stake in Ford Motor during the 3rd quarter worth approximately $2,187,000. Quantbot Technologies LP grew its holdings in Ford Motor by 91.6% during the 3rd quarter. Quantbot Technologies LP now owns 179,619 shares of the auto manufacturer’s stock worth $2,148,000 after acquiring an additional 85,848 shares during the last quarter. Finally, National Pension Service grew its holdings in Ford Motor by 6.7% during the 3rd quarter. National Pension Service now owns 8,099,060 shares of the auto manufacturer’s stock worth $96,865,000 after acquiring an additional 510,426 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 3.6%

Ford Motor stock opened at $15.88 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. Ford Motor Company has a 12-month low of $9.88 and a 12-month high of $16.06. The firm’s fifty day moving average is $12.51 and its 200 day moving average is $13.08. The company has a market capitalization of $63.26 billion, a PE ratio of -10.24, a PEG ratio of 0.34 and a beta of 1.65.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The company had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. During the same quarter in the previous year, the company earned $0.14 EPS. Ford Motor’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that Ford Motor Company will post 1.6 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.60 annualized dividend and a yield of 3.8%. Ford Motor’s dividend payout ratio is presently -38.71%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Morgan Stanley restated an “equal weight” rating and issued a $14.00 price target on shares of Ford Motor in a research report on Wednesday, May 13th. Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Wall Street Zen downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a research report on Friday, March 27th. Finally, The Goldman Sachs Group dropped their price target on shares of Ford Motor from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $13.56.

Ford Motor Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.