Ford Motor (NYSE:F) Shares Bought by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. boosted its holdings in shares of Ford Motor (NYSE:F) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,153 shares of the auto manufacturer’s stock after buying an additional 2,161 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Ford Motor were worth $258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in Ford Motor during the second quarter worth about $28,000. Fairfield Bush & CO. acquired a new stake in Ford Motor during the second quarter worth about $29,000. Whittier Trust Co. of Nevada Inc. grew its holdings in 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 purchasing an additional 1,839 shares during the period. Cornerstone Planning Group LLC acquired a new stake in Ford Motor in the second quarter valued at approximately $31,000. Finally, Milestone Investment Advisors LLC acquired a new stake in Ford Motor in the first quarter valued at approximately $27,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the sale, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at $88,988.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.80% of the company’s stock.

Ford Motor Price Performance

NYSE:F opened at $12.07 on Friday. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 2.33. The company has a market capitalization of $47.94 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.96 and a beta of 1.63. The stock’s fifty day moving average is $12.60 and its two-hundred day moving average is $11.76.

Ford Motor (NYSE:F) last posted its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.17. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The company had revenue of $43.21 billion for the quarter, compared to the consensus estimate of $43.06 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts expect that Ford Motor will post 1.9 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a Variable dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a $0.33 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a yield of 4.7%. Ford Motor’s dividend payout ratio is currently 55.56%.

Analysts Set New Price Targets

Several analysts have commented on F shares. Piper Sandler assumed coverage on Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $12.00 target price on shares of Ford Motor in a research report on Wednesday, February 7th. Barclays lifted their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Redburn Atlantic started coverage on Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective on the stock. Finally, Citigroup lifted their price objective on Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and an average price target of $13.82.

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.