Clark Capital Management Group Inc. acquired a new position in Ford Motor (NYSE:F – Get Rating) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,598,947 shares of the auto manufacturer’s stock, valued at approximately $27,038,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Thompson Siegel & Walmsley LLC acquired a new position in shares of Ford Motor in the 1st quarter valued at $25,000. Ten Capital Wealth Advisors LLC acquired a new position in shares of Ford Motor in the 1st quarter valued at $25,000. Mark Sheptoff Financial Planning LLC raised its stake in shares of Ford Motor by 199.2% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,505 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 1,002 shares in the last quarter. Core Alternative Capital raised its stake in shares of Ford Motor by 390.2% in the 1st quarter. Core Alternative Capital now owns 1,696 shares of the auto manufacturer’s stock valued at $29,000 after buying an additional 1,350 shares in the last quarter. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Ford Motor in the 1st quarter valued at $34,000. 49.89% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on F. The Goldman Sachs Group lowered their target price on shares of Ford Motor from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, June 1st. StockNews.com lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Friday, September 2nd. Bank of America lowered their target price on shares of Ford Motor from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Friday. Nomura raised shares of Ford Motor from a “reduce” rating to a “neutral” rating and set a $12.40 target price on the stock in a report on Thursday, July 21st. Finally, Citigroup lowered their target price on shares of Ford Motor from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, August 2nd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and an average price target of $18.28.
Ford Motor Stock Down 0.3 %
Ford Motor (NYSE:F – Get Rating) last issued its earnings results on Wednesday, July 27th. The auto manufacturer reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.24. The company had revenue of $37.91 billion for the quarter, compared to analyst estimates of $35.17 billion. Ford Motor had a net margin of 7.86% and a return on equity of 16.91%. The company’s revenue for the quarter was up 57.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. Equities analysts expect that Ford Motor will post 2.09 EPS for the current year.
Ford Motor Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 11th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.89%. This is an increase from Ford Motor’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, August 10th. Ford Motor’s dividend payout ratio (DPR) is currently 20.98%.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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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