Los Angeles Capital Management LLC Purchases 41,818 Shares of Ford Motor Company $F

by · The Markets Daily

Los Angeles Capital Management LLC boosted its holdings in shares of Ford Motor Company (NYSE:F – Free Report) by 42.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 139,576 shares of the auto manufacturer’s stock after acquiring an additional 41,818 shares during the period. Los Angeles Capital Management LLC’s holdings in Ford Motor were worth $1,823,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Grove Bank & Trust grew its position in shares of Ford Motor by 110.7% in the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,000 shares during the period. Olistico Wealth LLC acquired a new stake in Ford Motor during the 4th quarter worth approximately $26,000. Murphy Middleton Hinkle & Parker Inc. bought a new position in Ford Motor in the fourth quarter valued at approximately $29,000. Johnson Financial Group Inc. boosted its holdings in shares of Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after buying an additional 837 shares during the period. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Ford Motor in the third quarter valued at approximately $32,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

NYSE:F opened at $14.31 on Thursday. Ford Motor Company has a 52-week low of $10.38 and a 52-week high of $17.78. The company has a market cap of $57.00 billion, a P/E ratio of -9.23, a P/E/G ratio of 0.33 and a beta of 1.79. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. The stock’s 50-day simple moving average is $13.33 and its 200 day simple moving average is $13.26.

Ford Motor (NYSE:F – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The firm had revenue of $43.25 billion during the quarter, compared to the consensus estimate of $42.66 billion. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Ford Motor Company will post 1.64 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. Ford Motor’s payout ratio is currently -38.71%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, March 31st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $13.00 target price on shares of Ford Motor in a research note on Friday, May 15th. Bank of America lifted their price target on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 29th. TD Cowen cut their price target on Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Finally, Citigroup upped their price objective on Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $14.41.

Read Our Latest Research Report on F

Ford Motor Company Profile

(Free Report)

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.

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