OVERSEA CHINESE BANKING Corp Ltd Acquires 3,671 Shares of Ford Motor (NYSE:F)

OVERSEA CHINESE BANKING Corp Ltd increased its stake in Ford Motor (NYSE:F) by 27.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,216 shares of the auto manufacturer’s stock after buying an additional 3,671 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Ford Motor were worth $210,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Meridian Wealth Management LLC lifted its position in shares of Ford Motor by 86.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 657,842 shares of the auto manufacturer’s stock valued at $8,170,000 after buying an additional 304,923 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Ford Motor by 15.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock worth $4,171,000 after purchasing an additional 44,581 shares during the period. Pearl River Capital LLC increased its stake in shares of Ford Motor by 174.2% in the third quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock worth $4,125,000 after purchasing an additional 211,037 shares in the last quarter. TIAA Trust National Association bought a new stake in shares of Ford Motor in the third quarter valued at approximately $1,104,000. Finally, Mackenzie Financial Corp lifted its stake in shares of Ford Motor by 110.5% during the 3rd quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock valued at $8,460,000 after buying an additional 367,977 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of NYSE F opened at $12.88 on Tuesday. The stock’s 50-day moving average is $12.59 and its 200 day moving average is $11.76. The stock has a market cap of $51.18 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 0.96 and a beta of 1.63. Ford Motor has a 1-year low of $9.63 and a 1-year high of $15.42. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.17. The business had revenue of $43.21 billion during the quarter, compared to analyst estimates of $43.06 billion. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. On average, sell-side analysts anticipate that Ford Motor will post 1.89 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a Variable dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid 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 (DPR) is currently 55.56%.

Insider Buying and Selling at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the transaction, 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 SEC, which can be accessed through this link. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

F has been the topic of several recent research reports. Redburn Atlantic initiated coverage on Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 target price on the stock. UBS Group downgraded shares of Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a report on Wednesday, January 17th. Piper Sandler initiated coverage on shares of Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective for the company. Citigroup increased their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, Morgan Stanley boosted their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $13.82.

Ford Motor 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.